France’s state-owned nuclear fuel company Orano has selected Oak Ridge, Tennessee as a preferred site to build a multi-billion dollar U.S. uranium enrichment plant, Tennessee and Orano officials said on Wednesday. The move comes months after the administration of President Joe Biden signed legislation meant to eventually end dependence on Russia, the world’s top supplier …
Next year could see a tight global uranium-supply market get even tighter The world’s largest uranium producer slashed its 2025 production plans last week, marking what one analyst referred to as the “most meaningful change” to supply announced this year. That threatens to trigger even tighter supplies for nuclear fuel in the months to come …
Kazatomprom has cut its uranium production guidance for 2025 by 5000 tU, citing uncertainties in sulphuric acid supply – but 2025 production is still expected to be higher than 2024. Announcing its half-year financial results today, the national atomic company’s CEO Meirzhan Yussupov said the company had demonstrated “robust financial results” for the six months …
This year, Navoiyuran plans to invest $145 million in eight projects. According to the results of last year, the production of uranium concentrate in Uzbekistan increased by 11%. This is stated in the annual report of the Ministry of Geology on the mining industry for 2023. Last year, Navoiyuran’s production amounted to 6.7 trillion soums ($600 million). The share …
The company’s OPTIMUS-H system is now approved under the US Nuclear Regulatory Commission (NRC) 10 CFR Part 71 regulation with a certificate of compliance effective from 5 August. It has already been approved under Canadian Nuclear Safety Commission (CNSC) certification CNSC Certificate Number CDN/2098/B(U)F-96 and associated Validation Certificate Number AUS/2021-94/B(U)F in Australia. NAC’s OPTIMUS – …
The Federal Court of Australia has made an interim order to stay the decision to refuse the renewal of Energy Resources of Australia’s (ASX:ERA) Jabiluka Uranium Mine mineral lease in the Northern Territory. This news follows on from Energy Resources of Australia pursuing legal proceedings in relation to the decision not to renew Jabiluka’s mineral lease. On …
Uranium miners in the United States produced more than 82,000 pounds of uranium concentrate in the first quarter of 2024, more than in all of 2023. Domestic uranium mines produced 50,000 pounds of triuranium octoxide (U3O8), also called uranium concentrate, in 2023, a significant decrease from the 194,000 pounds produced in 2022. Production declined in …
In short: WA Mines Minister David Michael has ruled out any change to the Cook government’s long-standing policy on uranium mining. There is an effective ban on mining the mineral in WA, where only one uranium mine is permitted to operate. What’s next? Peter Dutton says the ban is “ideologically based” and should be overturned. …
Uranium explorers are calling on Australian state governments to lift bans on mining the fuel, which is set for a long-term jump in demand as decarbonization spurs a nuclear energy revival. Australia boasts nearly a third of known uranium ore deposits worldwide, but only two of the nation’s eight states and territories — South Australia …
The Canadian uranium producer sees long-term order growth as clean energy demand rises and U.S. nuclear operators seek alternatives to Russian supplies. Recent U.S. policy developments such as the July enactment of the ADVANCE Act and the U.S. Department of Energy’s June funding commitment for small modular reactor development, are among the longer-term tailwinds for Cameco’s North …
