Indian minister provides uranium, construction updates

India has imported just over 7600 tonnes of uranium in the past three years, mostly from Kazakhstan and Canada, according to official figures released by the government. Minister of State Jitendra Singh provided the data, as well as figures for domestic uranium production, and updates on nuclear construction projects, in written answers to questions in …

New Jersey will need nuclear at least until 2050, may extend ZEC cycle: PSEG CEO

Dive Brief: Public Service Enterprise Group (PSEG) has completed the sale of its fossil fuel generation portfolio, including 6,750 MW in New Jersey, Connecticut, Maryland and New York. That leaves the company more than 90% regulated and focused on reaching net-zero emissions by 2030, company leaders said Thursday during PSEG’s Q4 2021 earnings call with analysts. PSEG is now focused on “clean …

Matsue Mayor OKs Restart of Nuclear Reactor

Matsue, Shimane Pref., Feb. 15 (Jiji Press)–Matsue Mayor Akihito Uesada on Tuesday indicated his consent to the restart of an idled nuclear reactor in the capital of Shimane Prefecture, western Japan. Attention has now shifted to whether the Shimane prefectural assembly and the Shimane governor will approve the restart of the No. 2 reactor at …

OPG advances new nuclear at Darlington

Clarington, ON – The Canadian Nuclear Safety Commission has announced its decision to renew Ontario Power Generation’s (OPG’s) existing Site Preparation Licence for the Darlington New Nuclear Project. “OPG has the experience and expertise to lead the way on this next generation of clean energy, and we look forward to having an SMR in place in …

Illinois Clean Energy Legislation Spurs Exelon Generation to Fill 650 Jobs, Invest $300 Million in Capital Projects

Exelon Generation is now hiring hundreds of employees and investing hundreds of millions of dollars to prepare Byron and Dresden for long-term operations Now that the Illinois General Assembly has passed sweeping clean energy legislation preserving its nuclear plants, Exelon Generation is moving quickly to fill 650 vacant positions across the state and jumpstart more …

Uranium giant in talks to supply Sprott as investor demand soars

Top uranium miner Kazatomprom said it may supply the metal to Sprott, the investment firm whose aggressive bets on the market have helped drive a surge in prices. “We already started talks with Sprott,” Askar Batyrbayev, chief commercial officer of the Kazakh producer, said in an interview. “A lot of financial players” are increasingly interested …

How Sprott Physical Uranium Trust Is Impacting The Market

Summary Uranium is the critical commodity for nuclear energy production, and it is hot in the news recently. The market lives in a perpetual mining supply/utility demand imbalance and relies on non-conventional, secondary supply to survive. Recently Sprott Physical Trust entered the market and generated chaos with frenetic buy. With the proper government backing, the …

Uranium companies announce strategic purchase plans

Uranium companies have separately announced plans to make strategic purchases of physical uranium. Denison is aiming to buy about 2.5 million pounds U3O8 (962 tU) through the spot market as a long-term investment, while Uranium Energy Corp (UEC) has entered into agreements to purchase 400,000 pounds. UK-based Yellow Cake plc has also announced further purchase …