The US Department of Energy (DOE) is teaming up with GE Hitachi Nuclear Energy (GEH) and providing USD5.8 million in funding for a project to demonstrate how three construction technologies from other industries can be applied to advanced reactor designs, to improve the economics of bringing advanced reactors to market. The Advanced Construction Technology (ACT) …
Sprott currently manages four different commodity stockpiling funds, with more than $12 billion in assets, including: the Sprott Physical Gold Trust (PHYS), one of the world’s largest physical gold vehicles; and the Sprott Physical Silver Trust (PSLV), the fastest-growing silver bullion fund. These physical-metal strategies are listed on both the Toronto and New York stock …
The world’s first cosmic-ray muon detector developed specifically for use in industry-standard boreholes, has been deployed at Orano’s McClean Lake site in northern Saskatchewan where it will be used to image a uranium deposit. The technology developed by Canadian start-up company Ideon Technologies could transform mineral exploration. Muon tomography uses muons – naturally occurring subatomic …
Majority sees role for nuclear in reaching climate goals A recent poll has shown that about half of Swedes would consider building new nuclear power and see nuclear as a tool to achieve the country’s climate goals. According to the poll, 46% of respondents wanted to continue using nuclear power and, if necessary, build new …
Canada’s first Small Modular Reactor (SMR) project is now one step closer to reality after recently reaching a licensing milestone. Global First Power (GFP), a Canadian energy company jointly owned by OPG and USNC-Power, announced its Micro Modular Reactor™ (MMR™) Project is moving onto the next phase of licensing with the Canadian Nuclear Safety Commission …
Kazatomprom plans to maintain 2023 uranium production at a similar level to 2022, which it says would remove up to 5,000 tU from anticipated global primary supply. The Kazakh company also said its sale of a 49% share of Ortalyk LLP to a subsidiary of China General Nuclear Power Corporation (CGNP) will now be completed …
The hot functional test is currently ongoing at Olkiluoto 3, which is the final major test before first criticality and the start of electricity production. Yet another milestone was reached this week. The fuel loading of OL3, which lasted for five days, was completed successfully at the end of March. Now, preparations are underway for …
Uranium Participation Corporation (“UPC”) (TSX: U) is pleased to announce that two of the leading independent proxy advisory firms, Institutional Shareholder Services Inc. (“ISS”) and Glass, Lewis & Co. LLC (“Glass Lewis”), have recommended that shareholders of UPC vote FOR the plan of arrangement among UPC, Sprott Asset Management LP (“SAM LP”, a wholly owned …
With the successful connection to the grid, the No. 5 unit of the Hongyanhe Nuclear Power Plant started operating on Friday in Dalian, Northeast China’s Liaoning Province, adding to China’s third-generation nuclear power industry, which has been on a fast track to achieve a carbon emissions peak by 2030 and carbon neutrality by 2060, analysts …
Exelon says plant will close as planned without ‘quick passage of legislation’ SPRINGFIELD — The Illinois Senate failed to come up with a Clean Energy Bill this week, with environmentalists and labor leaders far apart on the negotiations. That means the future of the Byron Generating Station is still up in the air. “We are …
