2017 “exceptional” for India Department of Atomic Energy

The public sector undertakings and industrial units of India’s Department of Atomic Energy (DAE) performed “exceptionally well” in 2017, DAE chairman and secretary Sekhar Basu said at celebrations marking the 71st anniversary of Indian independence on 15 August. Nuclear generator Nuclear Power Corporation of India Ltd’s (NPCIL’s) 2017 profit of INR3367 crore (USD482 million) was …

Initial public ordering of Kazakhtelecom, Air Astana and Kazatomprom will be done by year end

CEO Samruk-Kazyna welfare fund Akhmetzjan Yesimov briefed the President of Kazakhstan Nursultan Nazarbayev on the results the fund’s activities in the first 7 months of the current year and plans for the forthcoming period. The main indicators for the first half of the year are positive. 18 assets worth KZT 42 billion ($117 million) were …

T.EFR Significantly Strengthens Uranium Position in Wyoming through Acquisition of Royalties; Provides State with Notice of Intent to Repay Debt 

Energy Fuels Inc. (NYSE American: UUUU; TSX: EFR) (“Energy Fuels” or the “Company”), a leading producer of uranium and vanadium in the United States, is pleased to announce that it has completed the previously announced acquisition from Excalibur Industries (“Excalibur”) of royalties on the Company’s 100%-owned Nichols Ranch in situ recovery (“ISR”) project in Wyoming …

Investment fund Yellow Cake snaps up more uranium after float success

An investment vehicle designed to profit from the rising price of uranium is to snap up another £8m-worth of the radioactive mineral. Yellow Cake, which raised $200m (£156m) in a successful float on the London Stock Exchange earlier this summer, said it would buy another 350,000 lb of uranium from Kazakh supplier Kazatomprom and store it …

U.S. senators introduce bill with new Russia sanctions

Republican and Democratic U.S. senators introduced legislation on Thursday to impose stiff new sanctions on Russia, the latest effort by lawmakers to punish Moscow over interference in U.S. elections and its activities in Syria and Ukraine. The bill includes restrictions on new Russian sovereign debt transactions, energy and oil projects and Russian uranium imports, and …

Cameco Reports Q2 and its Decision to Suspend Production at MCA/KEY for an Indeterminate Duration

Cameco (TSX: CCO; NYSE: CCJ) today reported its consolidated financial and operating results for the second quarter ended June 30, 2018 in accordance with International Financial Reporting Standards (IFRS). “Our results reflect the impact of a weak uranium market and the deliberate actions we have taken driven by the goal of increasing long-term shareholder value,” …