Laramide’s Drilling at Westmoreland Uranium Project Demonstrates Scope for Resource Growth

By John Dyer   Posted in Equities
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First assays from Long Pocket infill drilling return strong uranium mineralisation at shallow depths. Significant intersections include: LP24RC004 – 10m @ 606ppm U3O8 from 6m depth, including 2m @ 1,726ppm U3O8 from 11m LP24RC006 – 8m @ 1,770ppm U3O8 from 16m depth, including 4m @ 3,128ppm U3O8 from 17m. At Amphitheatre, drillholes display multiple zones of mineralisation and AMD011 shows mineralisation remains open to the south. Laramide Resources Ltd. (“Laramide” or the “Company”) (TSX: LAM) (ASX: …

Domestic Uranium Production Report – Quarterly

By John Dyer   Posted in Supply U
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U.S. production of uranium concentrate (U3O8) in the second quarter of 2024 totaled 97,709 pounds U3O8, an 18% increase from first quarter’s production of 82,533 pounds U3O8. This quarter’s total uranium production occurred at five facilities, four in Wyoming (Nichols Ranch ISR Project, Ross CPP, Lost Creek Project, and Smith Ranch-Highland Operation) and one in …

Palisades Restart Program – Now in the Inspections and Maintenance Phase – Remains on Schedule for Repowering

By John Dyer   Posted in Existing Fleet Nuclear Attitude U
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Inspection of Palisades Containment Building dome and structural tendon system The Holtec Palisades team continues to build upon the momentum of recent progress at the Palisades Nuclear Power Plant in Covert Township, Michigan. As reported in the August 29 issue of this bulletin, these advancements have included initial accreditation for our Operations and Maintenance & Technical training …

Rwanda in talks with Russia on nuclear power plant construction

By John Dyer   Posted in Nuclear Attitude U
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Rwanda is negotiating with Russia’s Rosatom regarding the establishment of a nuclear science and technology center and the potential construction of a low-power nuclear power plant. Russia’s new ambassador to Kigali Alexander Polyakov has announced this in an interview with TASS. “I hope the Rosatom delegation’s visit will take place soon, although the initial timing has …

N-power to play greater role in India’s energy mix AEC chairman Ajit Mohanty

By John Dyer   Posted in Nuclear Attitude Nuclear Technology U
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India has envisaged a significantly greater role for nuclear power over the next two decades to ensure the dual challenge of energy security and climate goals is met, Atomic Energy Commission Chairman Ajit Kumar Mohanty has said. Addressing the 68th General Conference of the International Atomic Energy Agency (IAEA) in Vienna on Monday, Mohanty also …

Chinese investor moves to block Paladin’s takeover of T.FCU

By John Dyer   Posted in Equities
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Paladin Energy (ASX:PDN) is facing opposition to its proposed acquisition of Canada’s Fission Uranium (TSX:FCU) from a Chinese backer in the takeover target. The Western Australia-based uranium producer, which has a market capitalisation of $2.8 billion, says CGN Mining Company – a subsidiary of China General Nuclear Power – holds a disclosed interest of 11.26% in Fission and is opposing approval of …

IAEA Outlook for Nuclear Power Increases for Fourth Straight Year, Adding to Global Momentum for Nuclear Expansion

By John Dyer   Posted in Nuclear Attitude U
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The International Atomic Energy Agency (IAEA) has revised up its annual projections for the expansion of nuclear power for a fourth successive year. World nuclear capacity is now projected to increase by 2.5 times the current capacity by 2050, in the IAEA’s high case scenario, including a significant contribution from small modular reactors (SMRs). The …