Deep Yellow to raise millions for uranium

Uranium developer Deep Yellow is gearing up to launch a $250 million capital raise to fund uranium project development.   Majority of the proceeds are intended to fund the development of Deep Yellow’s Tumas uranium project located about 80km east southeast from Swakopmund and 80km east northeast from Walvis Bay in Namibia. The $250 million …

France sets out long-term nuclear recycling plans

Lescure (second from left) and Le Maire (centre) pictured with La Hague Site Director Stéphanie Gaiffe (far left) and Orano CEO Nicolas Maes (on the right) during the visit (Image: Orano) Minister for the Economy, Finance, Industrial and Digital Sovereignty Bruno Le Maire announced the decision to continue with France’s treatment-recycling strategy for used nuclear …

The AI industry is pushing a nuclear power revival — partly to fuel itself

A nuclear startup backed by OpenAI chief Sam Altman wants to power data centers and homes alike. It’s racing against surging demand while working to satisfy regulators. Tech firms and Silicon Valley billionaires have been pouring money into nuclear energy for years, pitching the sustainable power source as crucial to the green transition. Now they …

Updated study extends Niger mine life

An updated feasibility study for Global Atomic’s Dasa project has more than doubled the mine life with uranium production increasing by 55%. The company has also announced its fourth offtake agreement for the mine, where processing operations are expected to begin in late 2025 or early 2026. The Dasa Project is defined in three phases. …

UAE: More nuclear reactors to be served in future as authority ‘proactively develops’ strategies

During COP28, UAE was among 22 countries committing to tripling global nuclear capacity by 2050 as part of the transition to Net Zero The Federal Authority for Nuclear Regulation (FANR), the regulatory body for the nuclear sector in the UAE, is “proactively developing” future strategies to serve more nuclear reactors, a top official said in …

Texas regulators explore how to attract advanced nuclear projects, structure SMR incentives

States could use 24/7 carbon-free energy credits, potentially stacking them with federal incentives from the Inflation Reduction Act , according to Nuclear Energy Institute officials. A working group run by the Public Utility Commission of Texas is exploring how to attract advanced nuclear reactors to the state, potentially by offering clean energy credits or other …

Start up of Chinese industrial nuclear steam project begins

Commissioning has begun of China’s first industrial-use nuclear energy steam supply project, China National Nuclear Corporation (CNNC) announced. The project at the Tianwan nuclear power plant in China’s Jiangsu province will supply steam to a nearby petrochemical plant. The project is being jointly carried out by CNNC subsidiary Jiangsu Nuclear Power Company and the Lianyungang …