First-quarter 2025 U.S. production of uranium concentrate (U3O8) in the first quarter of 2025 totaled 310,533 pounds U3O8, down roughly 65,000 lbs from fourth quarter of 2024.. This quarter’s total uranium production occurred at six facilities, two in Wyoming (Lost Creek Project and Ross CPP), two in Texas (Alta Mesa Project and Rosita), one in …
United States President Donald Trump signed an executive order on July 7 extending certain tariff rates until Aug. 1. Under the order, Kazakhstan will face a new 25% reciprocal tariff. The same tariff would apply to Japan, Malaysia, South Korea, and Tunisia. Higher rates would apply to other countries, with 30% on South Africa and …
Indian Prime Minister Narendra Modi is set to visit Namibia this week, the final African stop on his five-nation tour, as India looks to strengthen ties with Africa’s top uranium producer and a key player in the continent’s mineral economy. Prime Minister Narendra Modi is visiting Namibia, finalizing his five-nation African tour. India aims to …
On July 3, KATCO mining company and its shareholders, Orano and NAC Kazatomprom JSC, celebrated the inauguration of the new uranium processing plant that marks the successful implementation of the South Tortkuduk project and the full commencement of operations at the uranium mining site. The ceremony took place in the presence of representatives of the …
French uranium miner Orano said on Wednesday its majority-owned joint venture with Niger, SOMAIR, is on the verge of bankruptcy as a result of export restrictions imposed by Niger’s military government. Orano was forced to suspend production at SOMAIR after authorities halted exports last year. Niger’s government seized the operation in December and announced plans to nationalize it last …
Among the rising demand for critical minerals is a surge in uranium mining stocks that corresponds to advancements in artificial intelligence (AI) and a push for greater use of nuclear energy. Many people are viewing nuclear energy as a viable source due to its low greenhouse gas profile while also delivering the highest capacity. Essential to nuclear energy is …
Niger plans to nationalize the Somair uranium mine operated by France’s Orano after months of worsening relations between the French state-owned company and its local partners following a 2023 coup in the West African nation. Niger’s decision to nationalize Somair comes amid a wave of mine nationalizations across West Africa, prompting concerns from global miners …
On June 19, 2025, the Government of Niger announced, in an official statement following its Council of Ministers meeting, its intent to appropriate SOMAÏR, a joint venture co-owned since 1968 by Orano and SOPAMIN, which represents the Nigerien State within the mining company’s shareholding. This expropriation move is yet a further step in the military …
Figure 1 -NANO Nuclear Energy Inc. Chief Executive Officer James Walker and Richwell Lukonga, Chief Executive Officer of the Namibia Industrial Development Agency following the signing of the MoU. NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or “the Company”), a leading advanced nuclear energy and technology company focused on developing clean energy solutions, today …
Ontario is preparing to expand its nuclear energy capacity to meet rising electricity demand, a move that could support uranium consumption and create opportunities for critical-mineral development. The Energy for Generations plan, released this month, sets out Ontario’s integrated long-term strategy to modernize the grid, expand transmission and guide power supply as demand is expected to rise …
