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, …
The U.S. Department of Energy today announced the next steps in the Trump administration’s efforts to strengthen domestic supply chains for nuclear fuel. The U.S. Department of Energy (DOE) today announced the next steps in the Trump administration’s efforts to strengthen domestic supply chains for nuclear fuel. DOE has conditionally selected Standard Nuclear as the …
According to Orano’s CEO Nicolas Maes, the trade agreement between the European Union (EU) and the United States will not affect the company, because the U.S. government has not yet imposed any tariffs on its uranium fuels. According to the agreement announced on Sunday, the EU has agreed to buy nuclear energy products as well …
Kazakhstan is considering deepening its nuclear energy partnership with China, with plans potentially underway for the construction of a third nuclear power plant (NPP) by a Chinese company, First Deputy Prime Minister Roman Sklyar stated. Sklyar made the announcement during a press conference, suggesting that the same Chinese firm involved in Kazakhstan’s second planned NPP—China …
Construction of Mkuju River project. Credit: Mantra Tanzania Ltd A subsidiary of Russia’s state nuclear corporation Rosatom has launched a pilot uranium processing plant at the Mkuju River project in southern Tanzania, Rosatom said on Wednesday. Built by Mantra Tanzania Ltd at the Nyota deposit, the facility is designed to gather data for the construction …
Boss EnergyLimited(ASX: BOE; OTCQX: BQSSF)is pleased to provide FY26 guidance for its Honeymoon Uranium Operationin South Australia. Honeymoon will continue its operational ramp-up during the year, having exceeded its first-year production and cost guidance of U3O8drummed.As a result, production guidance for FY26 is1.6M lbsU3O8. C1 cash cost guidancef or FY26is A$41-45/lb (US$27-29/lb)and all in sustaining …
The European Union and the United States have agreed to implement a basic tariff of 15% on European goods imported into the U.S., amid ongoing tensions and complex trade negotiations. This development emerged from a meeting between European Commission President Ursula von der Leyen and U.S. President Donald Trump in Scotland, an event that many …