T.CCO Restarting Cigar Lake Mine in April

Saskatoon, Saskatchewan, Canada, April 9, 2021 Cameco (TSX: CCO; NYSE: CCJ) announced today that it plans to restart production in April at its Cigar Lake uranium mine located in northern Saskatchewan. Production at Cigar Lake was temporarily suspended in December 2020 due to increasing risks posed by the Coronavirus (COVID-19) pandemic. At that time, the …

Nuclear industry calls for state policy focus as resource outstrips coal generation in US

Dive Brief: While the Biden administration has indicated support for nuclear energy and advanced reactors, state policies valuing the resource continue to be necessary to keep existing plants on the grid, the Nuclear Energy Institute (NEI) said in its annual State of Nuclear Energy address on Tuesday. The nuclear industry group applauded the introduction of …

BWXT Awarded $28 Million Contract for Continued Mobile Microreactor Design

BWX Technologies, Inc. (NYSE: BWXT) today announced a $28 million, 12-month contract award from the Department of Defense’s (DoD) Strategic Capabilities Office (SCO) for the final design of a transportable microreactor prototype under the second phase of its Project Pele initiative. SCO is partnering with the U.S. Department of Energy to develop, prototype and demonstrate …

Regulators must learn from each other, says head of ASN

Nuclear regulation requires “humbleness and openness”, Olivier Gupta, Director-General of France’s nuclear safety regulator, told OECD Nuclear Energy Agency Director General William Magwood in a WebChat yesterday. Gupta has been Director-General of the Autorité de Sûreté Nucléaire (ASN) since 2016 and has been chair of Western European Nuclear Regulators Association (WENRA) since 2019.   “We …

After The Initial Equities Rally, What’s Next?

Summary “We still think we are a long way from the exit” says Brian Laks from Old West Investment Management, a firm which launched a fund focused on the uranium opportunity. We catch up almost a year later after our first interview and a strong rally in uranium equities, as institutional investors have been entering …