With tightening margins between demand and global mine supply, these latest announcements are likely to impact market sentiment and push the spot price higher. Shares of Cameco (TSX:CCO,NYSE:CCJ) were on the rise after the uranium major announced it is reducing its annual production guidance due to expansion delays at the McArthur mine in Saskatchewan, Canada. Instead of the projected …
Russia has dangled the possibility of building a nuclear power plant in uranium-rich Niger – a vast, arid state on the edge of the Sahara desert that has to import most of its electricity. It may be deemed impractical and may never happen, but the concept is yet another move by Moscow to seek a …
Yesterday, Energy and Resources Minister Colleen Young, toured the McClean Lake uranium mine and mill, which is a joint venture between Orano Canada and Denison Mines that has recently resumed operations. Minister Young was accompanied by Orano representatives and had productive discussions around the process of re-opening the site and plans for growing Saskatchewan’s uranium …
Kazakhstan’s Kazatomprom (LON:KAPq), the world’s largest uranium producer, announced plans to reduce its 2026 production level by approximately 8 million pounds, representing about 5% of global primary uranium supply, according to a press release statement issued Friday. The company said it will decrease nominal production from 32,777 tonnes (85 million pounds) to 29,697 tonnes (77 …
National Atomic Company “Kazatomprom” JSC (“Kazatomprom”, “KAP” or “the Company”) announces its consolidated financial results for six months ended 30 June 2025, prepared in accordance with International Financial Reporting Standards (IFRS). “As the world’s largest producer and seller of natural uranium, Kazatomprom fully recognises the critical role the Company has in supporting the global energy …
Hindustan Zinc, India’s top refined zinc producer, will aim to expand into uranium mining if the government opens up the sector to private players, its chief executive Arun Misra told Reuters on Tuesday. Government sources told Reuters last week that India wants to allow private firms to mine, import and process uranium as part of …
The race is on to build new nuclear power plants in the United States. Companies in the uranium enrichment business are struggling to keep up with America’s growing nuclear energy ambitions. The stars are aligning for U.S. nuclear power. Ambitious companies — with the backing of Amazon, Google and other technology titans — are working …
India aims to allow private firms to mine, import and process uranium as part of plans to end a decades-old state monopoly over the nuclear sector and bring in billions of dollars to boost the industry, two government sources said. Prime Minister Narendra Modi’s government plans to expand nuclear power production capacity by 12 times …
Russia’s nuclear power monopoly Rosatom has started development of the Shirondukuyskoye uranium deposit in eastern Siberia, planning to produce the first uranium there in 2028, the company’s mining division said on Friday. The deposit – located close to the city of Krasnokamensk near the border with China and Mongolia, which is dubbed the “uranium capital …
Mining, production, shipments, and sales U.S. uranium mines produced 677,000 pounds of triuranium octoxide (U3O8), or uranium concentrate, in 2024, a significant increase from the 50,000 pounds produced in 2023. The production of U3O8 is the first step in the nuclear fuel production process, preceding the conversion of U3O8 into uranium hexafluoride (UF6 ) to enable uranium enrichment, …