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 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 …
The Navajo Nation planned Tuesday to test a tribal law that bans uranium from being transported on its land by ordering tribal police to stop trucks carrying the mineral and return to the mine where it was extracted in northern Arizona. But before tribal police could catch up with two semi-trucks on federal highways, they …
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 …
