Kazatomprom Signs Physical Uranium Fund Investment Agreement

National Atomic Company Kazatomprom JSC (“Kazatomprom” or “the Company”) has now formally signed the framework agreement with Genchi Global Limited for the Company’s investment in the physical uranium fund “ANU Energy OEIC Ltd.” (“ANU Energy” or “the Fund”), registered on Astana International Financial Center (“AIFC”), and the Fund will begin operations.Mazhit Sharipov, Chief Executive Officer …

Sprott Physical Uranium Trust Announces Filing of Second Amended and Restated Base Shelf Prospectus and Updated “At-The-Market” Equity Program

TORONTO, Nov. 23, 2021– Sprott Asset Management LP (“Sprott Asset Management”), on behalf of the Sprott Physical Uranium Trust (TSX: U.UN) (TSX: U.U) (the “Trust” or “SPUT”), a closed-ended trust created to invest and hold substantially all of its assets in physical uranium, today announced that the Trust has filed and obtained a receipt from …

Kazatomprom Signs Term Contracts with China

JSC National Atomic Company “Kazatomprom” (“Kazatomprom” or “the Company”) announces that the Company, represented by its Chief Commercial Officer, Askar Batyrbayev, participated virtually in the China International Import Expo 2021, held in Shanghai, China from 05–12 November 2021. During the Expo, Kazatomprom concluded two term contracts for the supply of Kazakhstani natural uranium concentrates: one …

Uranium producers feel impact of supply chain issues

Kazatomprom has reduced its expected production figures for 2021 due to delays in exploration and wellfield development activity, citing pandemic-related supply chain issues which have had a material impact on production schedules. The Kazakh uranium producer’s announcement comes days after Canadian company Cameco reduced its forecast for fuel services production for the year citing supply …

The uranium squeeze

Will we see a similar price run to the early 2000s? Uranium, the commodity that provides us with nuclear fuel used to generate electricity in nuclear power stations, has surged to price levels last seen in 2015. Many are saying that the current market dynamics have created a uranium squeeze that could propel the commodity …

Partnership set up for IMSR fuel supply

Westinghouse, the UK National Nuclear Laboratory (NNL) and Terrestrial Energy have announced a partnership in the UK to advance the industrial scale up and commercial supply of enriched uranium fuel for use in Terrestrial’s Integral Molten Salt Reactor (IMSR). An agreement between the three defines the process for delivering IMSR fuel for commercial use, concurrent …

UK sees role for nuclear in hydrogen economy

The UK government says nuclear will play a significant role in developing a thriving low-carbon hydrogen sector to meet the country’s ambition for 5GW of low-carbon hydrogen production capacity by 2030. Releasing its Hydrogen Strategy today, the Department for Business, Energy & Industrial Strategy said a hydrogen economy could support over 9000 UK jobs and …