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 …
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 …
EXCLUSIVE TO SIGHTLINE U3O8 – When engaging with various members of sightlineu3o8.com, we are often asked about the models we use to predict long-term and spot U3O8 prices. With uranium prices at all time lows and suppliers implementing production cuts to incentivize prices back up, regular readers are anxious to integrate our forecasts into their …
In 1981, the Cigar Lake uranium deposit was discovered in Saskatchewan’s Athabasca Basin. A monster in its day, eventually sizing up at 290MM lbs. of U3O8 at a mine grade of 15%! Seven years later and 45 km (28 miles) away the McArthur River deposit was found, dwarfing Cigar with its 500MM lbs. of U3O8 …
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 …
EXCLUSIVE TO SIGHTLINE U3O8 – With major uranium producers committing to supply cuts in response to record low U3O8 prices, the industry is poised for a strong price trend reversal. As producers take steps to drive U3O8 prices upward, examining the demand side of the U equation becomes critical. Many headlines would suggest that Uranium …
EXCLUSIVE TO SIGHTLINE U3O8 – As discussed last month in Part 1, many analysts will cite uranium underfeeding (enrichment of tail assays) and subsequent sale of low-enriched uranium (LEU) on the spot market as one of the key drivers behind the fall of U3O8 prices. Lower demand drove enrichers to increase underfeeding to prop up …
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 …
Uzbekistan’s President Shavkat Mirziyoyev has signed a decree on the export of uranium worth over $1.14 billion to Japan in the period of 2023-2030, Uzbek media has reported. Navoi Mining and Metallurgical Combine (NGMK) will oversee the export of the uranium to Japan. The head of the Department of Foreign Economic Relations and Sales of …
The government of Hungary said it will need about $165.4 billion to convert its entire economy to carbon-free status by the year 2050, in order to meet the European Union’s mandate of “climate neutrality.” Hungary’s Innovation and Technology Minister Laszlo Palkovics said 90% of Hungary’s electricity production should be carbon-free by 2030. Palkovics added that …
Russia and India may team up to construct nuclear power plants in Africa and the Middle East, according to India’s ambassador to Russia, building on their current experiences in Bangladesh. “There are also good prospects for cooperation of Russia and India in nuclear energy in third countries,” Ambassador Venkatesh Varma told RIA Novosti on Wednesday. “We are …
Williams Industrial Services Group, an Atlanta-based company which is supporting Bruce Power’s Major Component Replacement project, officially opened its Canadian offices yesterday. Williams, which has worked at more than 40 nuclear stations throughout Canada and the United States, is providing project controls services to Bruce Power. The company’s Canadian operations are based in Saugeen Shores …
Uranium companies have been awaiting a price recovery following the tragic Fukushima Daiichi nuclear reactor disaster in March 2011. Since early 2016, the spot uranium price has remained below US$30 per lb. uranium oxide (U3O8). Many uranium producers have curtailed and shuttered operations, maintaining assets while awaiting a more profitable future. Some juniors have successfully …
Summary: Even though the uranium spot price bottomed in late 2016, uranium mining stocks have not performed spectacularly since then, mostly because the uranium market is trading sideways. This decade should lead to uranium demand surprising to the upside as the world tries to reduce emissions, while limits to wind and solar power will have …
France could shut down its next two nuclear reactors in 2025-2026 if market conditions are right, earlier than expected as it presses ahead with plans to close 14 reactors by 2035, a government consultation document showed on Tuesday. Nuclear-dependent France aims to reduce the share of atomic power in its electricity generation to 50% by …
Turkey is reassessing its major partner for the country’s second nuclear plant in the Black Sea province of Sinop, Energy Minister Fatih Dönmez said on Jan. 19. In an interview with state-run Anadolu Agency, Dönmez said that the time schedule and pricing of the nuclear power plant in Sinop fell short of the ministry’s expectations …
Romania’s government will exit the deal with its Chinese partner China General Nuclear Power Corporation (CGN) on the construction of reactors 3 and 4 at the Cernavoda nuclear power plant, Prime Minister Ludovic Orban announced in an interview with Hotnews.ro. He invoked the European Union’s Green Deal rather than security issues or cost concerns circulated …
The European Commission yesterday unveiled its plan for at least EUR1 trillion (USD1.1 trillion) in sustainable investments over the next decade. The European Green Deal Investment Plan (EGDIP) is the investment pillar of the Green Deal, which aims to make the EU climate-neutral by 2050. In December last year, all member states agreed to green …