Kazatomprom lowers 2025 uranium production expectations

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 …

Uranium concentrate production increased by 11% in 2023

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 …

US regulators approve NAC’s highly shielded transport system

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 – …

Federal Court stays decision on ERA’s Jabiluka lease

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 …

Domestic uranium market will grow between 2023 and 2024

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 …

US nuclear policy gains boost fuel supplier T.CCO as Q2 earnings jump 157%

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 …

Florida’s Byron Donalds announces major legislative push for nuclear energy

Florida Republican Rep. Byron Donalds announced his “Summer 2024 Nuclear Push,” composed of 10 aspects in a bid to promote nuclear energy in the U.S. That includes six pieces of legislation and four letters to “leaders of top international institutions with nuclear financing capabilities.” Below is a list of Donalds’ upcoming legislation: H. RES. 1395 – USA …