Category: Supply

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

By SightlineU3O8   Posted in Demand Equities Supply U
Posted on

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

By Jeanny So   Posted in Demand Supply U
Posted on

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

By John Dyer   Posted in Known Reserves Production U
Posted on

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

By SightlineU3O8   Posted in Production U
Posted on

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

By SightlineU3O8   Posted in Supply U
Posted on

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

By SightlineU3O8   Posted in Politics U
Posted on

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 …

ISL development of Russian uranium deposit given regulatory approval

By SightlineU3O8   Posted in Supply U
Posted on

VNIPIpromtechnologii, JSC – the engineering centre of Rosatom’s mining division ARMZ Uranium Holding Co – has received a “positive opinion” on design work and engineering surveys for in-situ leach (ISL) development at the Kolichikan uranium deposit from the Russian State Expert Examination Board, Glavgosekspertiza. This means development of the deposit, in the Khiagda orefield, can …