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 …
Nigerien military authorities have withdrawn the operating permit for a large uranium mine from the French company Orano, the company said, significantly escalating tensions between the military junta and the country’s former colonial power. Niger, a landlocked country of 26 million, is the world’s seventh biggest supplier of uranium, used for the production of weapons …
Orano SA could lose the right to mine uranium at one of the largest deposits in the world by June 19 after Niger rejected the French nuclear company’s plan for developing the asset. The move comes as Russia’s seeks to take over mining assets in the West African country controlled by the French company, Bloomberg reported on …
he start-up of production at Alta Mesa – a joint venture of enCore Energy and Boss Energy – sees enCore become the only US uranium producer with multiple production facilities currently in operation and is the second start-up in eight weeks for Boss Energy. The first shipment of yellowcake is expected in 60-90 days’ time. …
The national atomic company has signed a new subsoil use agreement with Kazakhstan’s Minister of Energy and received approval for up to four years of pilot production of a total of 701 tU from the Inkai 3 deposit. Inkai is a key uranium deposit, located in the Suzak district of Turkestan region. The Inkai 3 …
South Korea has struck deals with Kazakhstan to allow its firms to explore for critical minerals in the Central Asian state, it said on Wednesday, as the home to major chip producers and leading carmaker Hyundai moves to diversify its supply chains. South Korean President Yoon Suk Yeol is on a state visit to Kazakhstan …
The company that operates Belgium’s nuclear power plants Engie Electrabel will not be using any uranium from Russia to keep the Doel 4 reactor in East Flanders and the Tihange 3 reactor in Liège Province running until 2035. Instead Engie Electrabel has signed contracts with western supplies for the uranium that will be needed to …
Uranium purchases and prices Owners and operators of U.S. civilian nuclear power reactors (civilian owner/operators, or COOs) purchased a total of 51.6 million pounds U3O8e (equivalent1) of deliveries from U.S. suppliers and foreign suppliers during 2023, at a weighted-average price of $43.80 per pound U3O8e. The 2023 total of 51.6 million pounds U3O8e was 27% …
