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 …

China set to overtake U.S. as biggest nuclear energy nation, IEA says

China is set to more than triple its nuclear energy capacity over the next 20 years, overtaking the U.S. to become the world’s largest nuclear-power producer, according to the International Energy Agency. Speaking at the International Petroleum Week conference in London on Wednesday, IEA Executive Director Fatih Birol expressed concerns that the U.S. and Europe …

Outgoing PSC Chairman: ‘I Wouldn’t Bet My House’ On Georgia’s Vogtle Schedule

Stan Wise has been a member of the Georgia Public Service Commission since 1995, serving as chairman for several terms. The PSC, which regulates the state’s utilities, has been at the center of the fight over nuclear power in Georgia for decades. In December, the PSC voted to allow Georgia Power to continue the construction …

V.PTU: Acquires Strategic Land Positions in the Athabasca Basin, Saskatchewan

Toronto, Ontario – February 21, 2018 – Purepoint Uranium Group Inc. (the “Company” or “Purepoint”) (TSX.V: PTU) today reported that since October, 2017 it has acquired through staking an additional 52,479 hectares of mineral claims in the Athabasca Basin, Saskatchewan Canada representing a substantial increase in the Company’s 100% owned projects. “We have taken a …

Utility eyes NRA screening nod for new nuclear reactor in Shimane Japan

Chugoku Electric Power Co. will initiate procedures to gain approval to start operations of a nuclear reactor whose construction was halted in the aftermath of the 2011 earthquake and tsunami disaster. The utility began construction of the No. 3 reactor at its Shimane nuclear power plant in 2005, and work was close to completion when …

EDF’s French nuclear 2018-19 targets ‘take into account uncertainties’

EDF’s nuclear output targets for its French nuclear fleet for 2018 and 2019 are taking into account various uncertainties, the operator said late Friday following its annual results presentation. For 2018, EDF forecasts a rebound to 395 TWh after last year’s output fell to its lowest level since 1992 at 379 TWh. For 2019, the …

T.FCU: Increases Indicated Resource; Doubles Inferred Resource

Fission Uranium Corp. has released the results of an updated independent resource estimate for the Triple R deposit, which now includes the R1515W, R840W, R00E, R780E and R1620E zones at its 100-per-cent-owned, award-winning Patterson Lake South (PLS) property in Canada’s Athabasca basin region. The updated resource represents a 95% increase in pounds U3O8 classified as …

Why Trump might bend nuclear security rules to help Saudi Arabia build reactors in the desert

Next month, Saudi Arabia will announce the finalists of a sweepstakes. The prize? Multibillion-dollar contracts to build a pair of nuclear power reactors in desolate stretches of desert along the Persian Gulf. For Saudi Arabia’s crown prince Mohammed bin Salman, the reactors are a matter of international prestige and power, a step toward matching the …

Saudi Arabia says it’s in talks with 10 other nations on its nuclear energy ambitions, calls for fairness from the US

Saudi Arabia could look to adopt nuclear energy as a way to move domestic energy consumption away from oil, the country’s foreign minister told CNBC Sunday. “We are looking at a number of countries that have nuclear technology for peaceful purposes,” Al-Jubeir said, speaking to CNBC from the Munich Security Conference. Saudi Arabia’s foreign minister …

Saudi-Russian Agreements Result with Two Nuclear Reactors in 2018

Saudi Arabia’s King Salman bin Abdulaziz Al Saud stressed his keenness to develop bilateral relations between Riyadh and Moscow, reiterating the need to bolster cooperation between the two countries in the field of energy. This came during the meeting between King Salman and Russian Minister of Energy Alexander Novak. Minister of Energy, Industry and Mineral …