SMRs could help meet an expected surge in U.S. electricity demand coming from the expansion of power-hungry data centers but they are still in the development stage and unlikely to become commercially available until at least the end of the decade. As well as investing billions of dollars to develop this technology ahead of their …
More news: Shares in Paladin Energy plunged in early trading after the uranium miner withdrew its full-year production guidance following a “one-in-fifty-year” rainfall event that disrupted operations at its Langer Heinrich mine in Namibia last week. Paladin shares were down 8% to $5.88 at 10:30am AEDT. Paladin Energy scraps guidance after Langer Heinrich shutdown The news: Uranium …
Premier Tim Houston has said the province needs to develop its natural resources A fracking well as seen in this file photo from an operation in British Columbia. A bill before the Nova Scotia Legislature to create the potential for fracking for onshore gas in this province passed third reading on Tuesday. The Nova Scotia …
President Joe Biden also invoked the Defense Production Act to boost critical minerals output in 2022. President Trump signed an executive order to increase production of critical minerals, including uranium, copper, potash, gold and possibly coal. The order directs federal agencies to expedite the review of mineral projects and prioritize mineral production over other projects …
Australian uranium producer Paladin Energy said on Friday it had temporarily halted operations at its Langer Heinrich mine in Namibia due to heavy rainfall in the country, sending its shares to an over one-week low. As a direct consequence of the severe weather event, access to the mine has been severely impeded and all activities …
Amid questions about AI power demand, tariffs and geopolitics, uranium investments have taken a hit Uranium investments have declined due to tariffs and geopolitical uncertainty, despite long-term fundamentals remaining solid. Canada, the largest uranium supplier to the U.S., and Russia, a major provider of enrichment services, are affected by tariffs and political tensions. Long-term uranium …
There’s major support at a federal level to stimulate growth in the North West. LNP candidate for Kennedy Annette Swaine at the former uranium mine at Mary Kathleen last week. Bob Katter says Mount Isa would be an ideal location for Australia’s first nuclear power plant – and he believes Peter Dutton will listen if …
President of Kazakhstan Kassym-Jomart Tokayev has signed a decree establishing the Nuclear Energy Agency under the President and appointed Almasadam Satkaliyev as its Chair on March 18 to oversee the country’s nuclear industry and enhance nuclear safety. The new agency will assume key responsibilities from the Energy Ministry, including uranium mining, the use of atomic energy, radiation …
A secure nuclear fuel supply chain is a national security imperative. With demand for nuclear energy growing worldwide, the need for nuclear fuel is urgent and critical to international competitiveness. Russia and China are boxing the US out of the global nuclear market by dominating uranium enrichment and luring reactor customers with attractive nuclear fuel …
Fourth-quarter 2024 U.S. production of uranium concentrate (U3O8) in the fourth quarter of 2024 totaled 375,401 pounds U3O8, more than triple the third quarter production of 121,296 pounds U3O8. This quarter’s total uranium production occurred at seven facilities, four in Wyoming (Nichols Ranch ISR Project, Lost Creek Project, Ross CPP and Smith Ranch-Highland Operation), two …