UComps: Project Generation Capability for Uranium Explorers

EXCLUSIVE TO SIGHTLINE U3O8 – This month’s UComparables edition will focus on the Uranium Explorers’ ability to be project generators and de-risk exploration by accessing capital from partners to fund the high-risk and expensive drilling phases of exploration.  A project generator (“PG”) is defined as a company that acquires and maintains a portfolio of multiple …

UComps: Uranium Developers’ Stage

EXCLUSIVE TO SIGHTLINE U3O8 –This month’s UComparables edition will focus on the Uranium Developers and the simple metrics of their key project’s stage of development – specifically, resource size, grade and mining method. As stated in the past, it is not our intention to provide analysis or opinion as to the investment potential of these …

Keeping Score of Canada’s Infamous Uranium Reservoir – The Athabasca Basin

EXCLUSIVE TO SIGHTLINE|U3O8 – Anyone who follows the uranium market is familiar with Canada’s legendary Athabasca Basin (the “Basin”) – host to the “world’s richest uranium deposits with U3O8 grades reaching 10 times that seen around the rest of the world”. Most, however, may not be familiar the true bounty of the region’s uranium stores …

Uranium Underfeeding: Big Price Factor? (Part 1)

EXCLUSIVE TO SOURCELINE U3O8 – Since 2007, U3O8 prices have largely been moving in one direction – down. With long-term and spot prices languishing at 12-year lows, the uranium sector has been struggling over the past few years. Many analysts will cite uranium underfeeding and the subsequent sale of additional enriched uranium on the spot …

Barakah 4 in final operational readiness tests

Barakah’s operations team has begun the final operational readiness testing needed before the fourth unit at the site near Ruwais in Abu Dhabi can receive an operating licence from the UAE’s nuclear regulator. Construction of the fourth Korean-designed APR-1400 unit at Barakah began in July 2015, three years after work began on the first Barakah …

T.CCO seeks to re-licence mines in the North

The Canadian Nuclear Safety Commission (CNSC) is recommending that Cameco be issued licences for it’s Key Lake McArthur River and Rabbit Lake operations in northern Saskatchewan. The Commission is conducting public hearings in Saskatoon Wednesday and Thursday. The Commission suggests a 20-year licence  for Key Lake and McArthur River and a 15-year licence for Rabbit …

Hungary says Paks II work to start in July

Hungary’s Foreign and Trade Minister Peter Szijjártó said preparatory works would start for the Paks II nuclear power plant project in Hungary next month. It followed talks with Rosatom Director General Alexei Likhachev. “The modified contractual framework ensures faster progress with full respect for safety rules,” he said, referring to the contract updates agreed between Rosatom …

Fortum, Westinghouse study new build opportunities

Finnish utility Fortum and Westinghouse Electric Company of the USA have signed a memorandum of understanding to explore prerequisites for the development and deployment of new nuclear in Finland and Sweden. The agreement is related to Fortum’s nuclear feasibility study launched in November 2022. At Fortum, our strategic priorities are to deliver reliable clean energy …

Super module installed at Haiyang 3

The CA03 module – weighing about 230 tonnes – has been hoisted into place at unit 3 of the Haiyang nuclear power plant in China’s Shandong province. Together with the CA02 module, the CA03 makes up the in-containment refuelling water storage tank. The tank, which holds up to 500,000 gallons – nearly 2 million litres …

DOE begins scoping for HALEU supply

The US Department of Energy (DOE) has formally begun the Environmental Impact Statement (EIS) scoping process for its proposed programme to support the commercial production of high-assay low-enriched uranium – or HALEU – fuel. The DOE is also seeking feedback on two draft requests for proposals to acquire HALEU. A Notice of Intent (NOI) published in …

Kazatomprom completes second China shipment, announces management changes

The heads of Kazatomprom and CGNPC-URC said the companies plan to further develop and strengthen their partnership as they marked the completion of the second delivery of fuel assemblies manufactured by the Kazakh-Chinese Ulba-FA enterprise to a nuclear power plant in China. Separately, Kazatomprom has announced the latest in a series of changes in its …

Construction of a new nuclear power plant: who will be Armenia’s energy partner?

Armenia plans to build a new nuclear power plant by 2036. Which country will be the energy partner for this project is not yet clear. Cooperation with Russia, the USA and other countries is being discussed. According to the prime minister, the government is studying proposals to understand “which option is more economically viable.” In 2022 …