V.PTU: Raises Ceiling for Private Placement

For Immediate Release – Not for Dissemination in the United States or through U.S. Newswire Services Toronto, Ontario, November 30, 2017 – Purepoint Uranium Group Inc. (TSXV: PTU) (the “Company”) announced its intention to raise the ceiling for the previously announced non-brokered private placement (the “Private Placement”) from $850,000 to $1,200,000. Up to 12,000,000 flow-through …

Japan’s Nuclear Regulation Authority to require new cooling system for boiling water reactors

Japan’s nuclear watchdog finalized a decision Wednesday to require operators of boiling water reactors — the same type as those at the crisis-hit Fukushima No. 1 nuclear complex — to install new emergency cooling systems. After soliciting public comments, the Nuclear Regulation Authority approved at a regular meeting the revision of safety regulations to make …

Japan’s Kyushu Elec likely to delay nuclear plant restart due to Kobe Steel checks

TOKYO (Reuters) – Japan’s Kyushu Electric Power Co is likely to delay the restart of a nuclear plant by several months as it makes checks related to the data-fabrication scandal that has engulfed Kobe Steel Ltd, the Nikkei business daily reported on Wednesday. That comes as Japanese nuclear operators have been checking the safety of Kobe …

V.PTU: Announces Private Placement and First Tranche Closing

For Immediate Release – Not for Dissemination in the United States or through U.S. Newswire Services Toronto, Ontario, November 29, 2017 – Purepoint Uranium Group Inc. (TSXV: PTU) (the “Company”) announced a non-brokered private placement (the “Private Placement”) of up to 8,500,000 flow-through units (the “Flow-Through Units”) at a price of $0.10 per unit for …

Kazakhstan to meet commitment of reducing uranium production in 2017

Kazakhstan’s total output of uranium or so called ‘yellow cake’ for the year will amount to 22,000 tons, Energy Minister Kanat Bozumbayev said. Kazakhstan, which is the world’s first largest producer of uranium and second in its reserves, will reduce production in 2017 to 22,000 tons, compared with 24,000 tons in 2016. “Production of uranium …

The Top Stock to Consider in Uranium Now 

 Also See “Turbocharging Your Uranium Portfolio” The uranium that Cameco Corp (NYSE:CCJ) mines is the fuel that powers nuclear reactors. Nuclear power has a bad rap thanks to a small number of high-profile disasters, and that’s led to a supply/demand imbalance that has pushed uranium prices to multi-year lows. Cameco is the top stock to consider buying in …

Fukui’s push for reactor restarts reflects local economy’s reliance on nuclear power

Fukui Gov. Issei Nishikawa’s decision on Monday to give the go-ahead to restarting two reactors at the Oi nuclear plant highlights the local economy’s dependence on nuclear power, even 6½ years after the March 2011 Fukushima disaster. At a news conference, Nishikawa offered what he sees as the merits of a restart, saying the plant …

Russian and Brazilian firms to cooperate in nuclear power

Russia’s Rosatom has signed a memorandum of understanding (MoU) with Brazilian companies Centrais Elétricas Brasileiras (Eletrobras) and Eletrobras Termonuclear SA (Eletronuclear) to promote cooperation in nuclear power. It includes the possible construction of a new nuclear power plant in Brazil, Rosatom said. The MoU also covers services, including operation, maintenance and decommissioning work; nuclear fuel …