U.S. uranium production in 2024 was highest in six years

Companies in the United States produced more uranium concentrate in 2024 than in any year since 2018 after a sustained period of higher uranium prices spurred production, according to our recently published Domestic Uranium Production Report—Quarterly. The increase largely came from two in-situ recovery facilities, one in Texas and one in Wyoming, and the resumption of …

Paladin Energy tanks after withdrawing production guidance

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 …

Trump signs order to increase critical mineral production in the U.S.

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 …

Uranium Bulls Get Spooked by Unknowns From Canada to Russia

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 …

Kazakhstan Establishes Nuclear Energy Agency to Strengthen Nuclear Safety

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 …

Fully Fueled: Strengthening America’s Nuclear Toolkit

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 …