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 …
Tests that simulate the temperatures and pressures which the reactor systems will be subjected to during normal operation have started at unit 6 of the Tianwan nuclear power plant in China’s Jiangsu province. The ACPR1000 reactor is scheduled to enter commercial operation by the end of 2021. Hot functional testing of Tianwan 6 began …
The preparatory stage of the project to complete units 3 and 4 of the Khmelnitsky nuclear power plant in Ukraine has been completed and construction work has resumed, Piotr Kotin, acting president of Energoatom, announced last week. The project is part of a Ukrainian presidential decree of 22 September. According to preliminary conclusions, the condition …
Unit 5 of China’s Fuqing Nuclear Power Plant, developed by China National Nuclear Corporation (CNNC), was successfully connected to the grid for the first time on Nov 27. Unit 5 is the world’s first pilot project to use China’s indigenous third-generation nuclear power technology Hualong One, also known as HPR1000. It was confirmed on site …
A number of western municipal utilities are trying to avoid getting locked into a first-of-a-kind nuclear project if its costs continue to go up. The members of Utah Associated Municipal Power Systems (UAMPS) are in talks to potentially transform the structure of what would be the first commercial-scale small modular nuclear reactor facility in the …
AZARGA URANIUM CORP. (TSX: AZZ, OTCQB: AZZUF, FRA: P8AA) (“Azarga Uranium” or the “Company”) is pleased to announce that the United States Environmental Protection Agency (the “EPA”) has issued the final permits for the Company’s Class III and Class V Underground Injection Control activities (the “EPA Permits”) at its primary development project, the Dewey Burdock …
Call for actions to address continuing and evolving nuclear security challenges India and the US have extended the memorandum of understanding for cooperation on nuclear energy by another decade. This was announced in a joint statement issued to mark 10 years of cooperation of the Global Centre for Nuclear Energy Partnership (GCNEP) between the two …
TAKAHAMA, Fukui Prefecture–The town assembly here Nov. 25 approved the first restart of a nuclear power plant already past its initial 40-year shelf life. The No. 1 and No. 2 reactors at Kansai Electric Power Co.’s Takahama plant went offline in 2011 following the triple meltdown at the Fukushima No. 1 nuclear power plant operated by …
The National Energy Regulator of South Africa has invited comment on government’s plans to add 2,500MW in nuclear power to SA’s electricity mix. Currently, Koeberg is only supplying 1,940MW. A number of parties are interesting in building the nuclear station. On Monday, the National Energy Regulator of South Africa (Nersa) invited comment on government’s plans to add …
On November 18, the Agency for Natural Resources & Energy (ANRE), under the Ministry of Economy, Trade and Industry (METI), announced results for Japan’s energy supply and demand in fiscal 2019 (preliminary report), which ended on March 31, 2020. Final energy consumption was 12,959 petajoules (PJ), down 2.0 percent from the previous year. The total …
A new IAEA data animation shows that extending the life of existing nuclear power plants significantly increases the availability of reliable low carbon power, helping to meet climate goals and the transition to clean energy by 2050. More than two thirds of the 442 nuclear power reactors in operation are over 30 years old …