The renewed licences authorise the company to continue to operate the Key Lake, McArthur River and Rabbit Lake sites. Rabbit Lake’s renewed licence is valid until October 2038, and those for Key Lake and McArthur River until October 2043. Cameco submitted its application for the licence renewals to the Canadian Nuclear Safety Commission (CNSC) last …
Resurgent demand and limited supply combine to lift price by half this year Uranium prices have climbed roughly 50% so far this year to a 12-year high as growing concerns over energy security spurs countries to look again at nuclear energy, an option that had been shunned since the 2011 Fukushima Daiichi meltdowns. The spot price …
Uranium Energy Corp (NYSE American: UEC, the “Company” or “UEC”) is pleased to announce that the Company has closed a purchase agreement with Rio Tinto Exploration Canada Inc., a subsidiary of Rio Tinto Inc. (“Rio Tinto”), to acquire a portfolio of exploration-stage projects in the Athabasca Basin, Saskatchewan, Canada for $1,500,000 (CAD) (the “Transaction”). The Company …
Ontario Power Generation (OPG) has completed a major 10-year project to install three new emergency power generators (EPGs) at its Darlington nuclear power plant to support the continued operation of the plant for decades to come. EPGs provide reliable backup power in case of an emergency. Each turbine/generator set and its auxiliary systems provides a …
Seated (from left): Patrick Fragman, Łukasz Młynarkiewicz, Craig Albert; standing (from left): Mark Brzezinski, Anna Moskwa, Poland Minister of Climate and Environment and Mateusz Berger, Government Plenipotentiary for Strategic Energy Infrastructure (Image: Westinghouse) An agreement setting a plan for the delivery of Poland’s first nuclear power plant has been signed by Westinghouse Electric Company, Bechtel …
Director Oliver Stone attends the “Nuclear” red carpet at the 79th Venice International Film Festival on September 09, 2022 in Venice, Italy. Oliver Stone’s new movie, “Nuclear Now,” makes an impassioned plea that nuclear energy is a necessary and obvious solution to climate change. The movie had a special screening at the World Economic Forum …
Kansai Electric finishes cable works for No. 4 Takahama reactor To restart No. 1, No. 2 Takahama reactors June-July Unclear about restart of No. 2 Maizuru coal-fired unit Japan’s Kansai Electric said March 23 it plans to restart the 870 MW No. 4 Takahama nuclear reactor March 24 and resume power generation the following day …
Uranium Energy Corp (NYSE American: UEC, the “Company” or “UEC”) is pleased to announce it has won a $17.85 million award to supply 300,000 pounds of U.S. origin uranium concentrates at $59.50/lb. to the U.S. Department of Energy (“DOE”) – National Nuclear Security Administration (“NNSA”). The award is in response to the NNSA’s Request for …
The deal also includes steam turbine technologies such as the European pressurised reactors and small modular reactors. French state-owned electric utility company Électricité de France (EDF) has signed a binding agreement with General Electric (GE) to acquire GE Steam Power’s nuclear activities. GE Steam Power’s business activities include the production of conventional island equipment for the new nuclear …
Holtec says it wants to build its first SMR-160 small modular reactors (SMRs) for a four-unit power plant in the USA and to establish a “supersize factory to manufacture SMR-160s”, saying that the “first mover state will become the leader in the emerging industry”. The application for the second part of the loan comes …