Long-term uranium contract prices have hit over 16-year highs on supply uncertainty and higher demand from utilities scrambling to secure the radioactive fuel to aggressively expand their capacity to power mushrooming AI data centers. Term prices are now around $79 per pound, the highest since 2008, and estimated to rise further in coming months. “With …
Orano’s income has been affected by the situation in Niger, with logistical issues continuing to cause blockages to uranium sales. But the group has confirmed its financial outlook for 2024, targeting stable revenue and a positive net cash flow, and says it still wants to talk to the government about continuing the Imouraren project. “At …
Energy Resources of Australia said on Friday the Northern Territory government has rejected its request to renew the uranium mining lease for the Jabiluka deposit. The company, in which Rio Tinto has a majority stake, had applied to extend the lease for another 10 years, with the current lease due to expire in August. The Jabiluka uranium deposit, near …
Centrus Energy (NYSE:LEU) Corp. (NYSE American:LEU), a company specializing in the mining and quarrying of nonmetallic minerals, has received a partial waiver from the U.S. Department of Energy (DOE), according to a recent 8-K filing. The waiver, issued on Thursday, allows the company to import low enriched uranium (LEU) from Russia for deliveries already committed to …
The Australian uranium producer’s output would be third globally, behind Kazatomprom and Cameco Corp. Paladin Energy Ltd.’s top boss says its takeover of Fission Uranium Corp. would make it the third-largest publicly traded uranium producer, offering investors an alternative in a sector dominated by two giants. Paladin would churn out 10 per cent of global uranium output after …
Experts estimate that central Jordan holds approximately 41,000 tons of yellowcake uranium, according to Dr. Khaled Al-Khasawneh, Commissioner of Nuclear Power Reactors at the Jordan Atomic Energy Commission (JAEC). The announcement was made during a lecture organized by the Ministry of Energy and Mineral Resources in partnership with the JAEC. The session focused on the …
Uzbekistan’s Uranium production has increased by 12 percent in the first six months of this year, according to the press service of the state-owned enterprise “Navoiyuran” of Uzbekistan, the country’s sole enterprise for uranium mining. According to its website, the enterprise’s uranium production increased by 112 percent compared to the same period last year. In …
China’s largest natural uranium production project started construction on Friday in Ordos in the Inner Mongolia Autonomous Region, according to China Atomic Energy Authority (CAEA). Part of CAEA’s nuclear industry development plan, the project is being developed by China National Nuclear Corporation. It will become a natural uranium production base with the highest standards, featuring …
The US Department of Energy has issued a request for proposals to purchase low-enriched uranium from domestic sources. The request is supported by USD2.7 billion from President Joe Biden’s Investing in America agenda to boost the domestic nuclear fuel supply chain. Through this request for proposals, DOE will acquire low-enriched uranium (LEU) generated by new sources …
Australia-headquartered Paladin Energy Limited is to acquire Canadian uranium project developer Fission Uranium Corp in a transaction the companies say will create a “globally significant uranium company” listed on Australian and Canadian stock exchanges and will help advance Fission’s Patterson Lake South project towards production. The combination will mean shareholders of both companies will benefit …
