Mochovce approaching the finish line, entering the last testing phase before fuel loading

Slovenské elektrárne completed the hot hydrotest and entered the last phase of testing prior to commissioning Unit 3 at Mochovce NPP. Slovenské elektrárne completed all works on the hot hydrotest and started the major inspection, which is the last phase of non-active tests before the commissioning of unit 3 at the Mochovce nuclear power plant. …

India, Kazakhstan in talks to renew deal with higher Uranium imports

Kazakhstan, world’s largest producer of uranium, is planning to increase the quantum of its India-bound supplies to 7,500-10,000 tonnes for a five-year period starting 2019 from 5,000 tonnes at present. The previous five-year pact for uranium supply signed during Prime Minister Narendra Modi’s visit to the country will lapse this year and the two sides …

U.S. agency submits uranium import probe to White House

The U.S. Commerce Department has submitted to the White House the results of a national security investigation into uranium imports, a spokesman for the department said on Monday. The “Section 232” probe was prompted by a petition filed by two U.S. uranium mining companies, Ur-Energy Inc and Energy Fuels Inc, complaining that subsidized foreign competitors …

Industry looks to small ‘plug and play’ power plants as the future of nuclear

THE NUCLEAR INDUSTRY GETS SERIOUS ABOUT SMALL ‘PLUG AND PLAY’ POWER PLANTS: As the hulking nuclear power plants of the past are being forced to shut down under the weight of their own finances, the future of the industry looks to be smaller, less-costly “plug-and-play” power plants. The industry is seeking to prove a number …

Việt Nam goes for nuclear power

Nguyễn Tuấn Khải, director general of the Việt Nam Agency for Radiation and Nuclear Safety, talks to Lao động cuối tuần (Weekend Labour) newspaper about his agency’s capacity to operate a nuclear power plant. What are the advantages and disadvantages of project VN3.01/13 on strengthening the capacity and effectiveness  of the Việt Nam Agency for Radiation and Nuclear Safety? …

Forget Oil! 2 Uranium Stocks for a Master Investor

Vulnerable to the vagaries of bottle necking and subject to geopolitical machinations, oil stocks can sink or swim depending on oil prices themselves, with per-barrel valuation dictated by supply flow and market demand. Not only that, but the entire industry is earmarked for eventual shutdown by the more sustainable and less environmentally impactful renewables industry. …

U3O8 Price Update: Q1 2019 in Review

The U3O8 spot price started 2019 strong, trading at its second highest price in 12 months at US$28.90 per pound. In February, the energy fuel lost US$0.90, slipping to US$28. The uranium spot price continued its downward descent over March to hit US$25.33, its lowest point since June 2018. The price hasn’t moved much since …

Yellow Cake plc ups share placing to £25.9mln amid strong investor demand

Yellow Cake PLC (LON:YCA) is raising £25.9mln, increased from £22.9mln, through a share placing in order to fund the purchase of at least 1mln pounds of uranium. The company, a vehicle specifically set up to acquire and own physical uranium as an investment strategy, upgraded the funding after the original offer (announced yesterday) saw strong investor …