At COP28, U.S., Canada, France, Japan, and UK Announce Plans to Mobilize $4.2 Billion for Reliable Global Nuclear Energy Supply Chain

Leaders from the United States, Canada, France, Japan, and the United Kingdom today announced plans to mobilize $4.2 billion in government-led investments to develop a secure, reliable global nuclear energy supply chain. These investments will enhance uranium enrichment and conversion capacity over the next three years and establish a resilient global uranium supply market free …

Russian Uranium Import Ban Teed Up for US House Floor Vote

Legislation that would bar the import of enriched Russian uranium into the US has been teed up for a vote in the US House of Representatives. The Prohibiting Russian Uranium Imports Act, by Washington Representative Cathy McMorris Rodgers, has been scheduled for consideration next week under an expedited procedure that requires two-thirds majority to pass, …

Urenco agrees supply deal with Energoatom to 2035

The contract will see Urenco continuing to supply Ukraine’s Energoatom with enriched uranium until 2035, with an option to extend the contract to 2043.  The contract was signed by Energoatom President Petro Kotin (pictured above, centre) and Urenco CEO Boris Schucht (third from the right) during the World Nuclear Exhibition 2023 in Paris. Urenco, a UK-Dutch-German company, …

Kazakh-French Joint Venture to Commence Uranium Mining at South Tortkuduk at Year-End

KATCO, a joint venture of the French Orano Mining and Kazatomprom national atomic company, will start mining uranium at Kazakhstan’s South Tortkuduk site at the end of 2023, Trend.az reported on Nov. 12, citing a source at Orano multinational nuclear fuel cycle company. As the world’s largest uranium producer, Kazakhstan hosts Orano through KATCO, established in …

Orano to expand capacity of French enrichment plant

The board of directors of Orano has approved an investment of some EUR1.7 billion (USD1.8 billion) to raise the production capacity of the Georges Besse II (GB-II) uranium enrichment plant at the Tricastin site in southern France by more than 30%. The project consists of building a further four modules identical to the 14 existing …

What Can Investors Learn From the French-Mongolian Uranium Mining Deal

French President Emmanuel Macron and Mongolian President Ukhnaagiin Khurelsukh in Paris, October 12, 2023. Photo credit: Reuters The ink is barely dry on a landmark French-Mongolian uranium mining deal. After over 20 years of exploratory work in the Gobi desert, France’s state-owned Orano has secured rights to begin commercial production around 2028 at the Zuuvch …

Niger coup designation puts US development bank financing on hold – Global Atomic

he US State Department on Tuesday officially classified the events in Niger at the end of July as a ‘coup d’etat’. This designation has placed a temporary hold on US development bank financing for the Dasa project. In a response, Toronto-listed Global Atomic has acknowledged that, although it has sufficient cash reserves to cover its operations for the …

Rolls-Royce partners for SMR fuel design and analytics

Rolls-Royce SMR has awarded a contract to Westinghouse for the development of a fuel design for its small modular reactor (SMR). Meanwhile, it has partnered with the UK’s National Physical Laboratory to investigate safe automated reactor operation for SMRs. Westinghouse Electric Company UK Ltd is to develop a fuel design for the Rolls-Royce SMR. The …