NuScale Power Signs Agreement with Nuclearelectrica and Owner of Preferred Site for First SMR Site in Romania

By John Dyer   Posted in Nuclear Technology U
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NuScale Power LLC (“NuScale”) announced today a Memorandum of Understanding (“MOU”) with Romania’s state nuclear power corporation S.N. Nuclearelectrica S.A. (“Nuclearelectrica”) to conduct engineering studies, technical reviews, and licensing and permitting activities at a site in Doicesti, Romania that is the preferred location for the deployment of the first NuScale VOYGR™ power plant. The announcement, …

Shin Hanul Unit 1 Starts Operation

By John Dyer   Posted in Pending Reactors U
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Korea Hydro & Nuclear Power (KHNP) announced on May 22 that unit 1 of the Shin Hanul nuclear power plant, located in Uljin, North Gyeongsang Province, achieved criticality for the first time at 11 a.m. on May 22.  A reactor goes critical when each fission event releases a sufficient number of neutrons to sustain an ongoing series of reactions. …

Rolls-Royce to be ‘major energy exporter’ as new reactors destined for EU ‘with UK stamp’

By John Dyer   Posted in Nuclear Attitude Nuclear Technology U
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European countries have been scrambling to end their reliance on Russian gas since Vladimir Putin invaded Ukraine on February 24. Aside from exposing the EU’s dependence on Moscow’s energy exports, the war also aggravated an already crippling energy crisis as the wholesale costs of oil and gas skyrocketed. In a bid to slash electricity bills and boost energy security, European countries …

Nuclear island installation work starts at San’ao 1

By John Dyer   Posted in Pending Reactors U
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The construction of unit 1 of the San’ao nuclear power plant in China’s Zhejiang province has “entered a new stage” with the start of installation of equipment within its nuclear island, China General Nuclear (CGN) announced. On 2 September 2020, the executive meeting of the State Council approved the construction of units 1 and 2 …

V.SYH Secures Option to Acquire an Initial 51% and Up to 100% of the Russell Lake Uranium Project from Rio Tinto in the Athabasca Basin of Saskatchewan

By John Dyer   Posted in Equities
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 Skyharbour Resources Ltd.’s (TSX-V: SYH) (OTCQB: SYHBF) (Frankfurt: SC1P) (the “Company”) is pleased to announce that it has entered into an Option Agreement with Rio Tinto Exploration Canada Inc. (“RTEC”), a wholly owned subsidiary of Rio Tinto Limited (“Rio Tinto”), to acquire up to 100% of the Russell Lake Uranium Project (the “Property” or “Project”), which comprises 26 claims covering …

T.EFR Secures Major Rare Earth Land Position in Brazil

By John Dyer   Posted in Equities
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Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) (“Energy Fuels” or the “Company”) is pleased to announce that it has entered into binding agreements (the “Purchase Agreements“) to acquire seventeen (17) mineral concessions (the “Transaction“) between the towns of Prado and Caravelas in the State of Bahia, Brazil totaling 15,089.71 hectares (approximately 37,300 acres or 58.3 square …

Transaction Increasing T.CCO Ownership Stake in Cigar Lake Closes

By John Dyer   Posted in Equities
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Cameco (TSX: CCO; NYSE: CCJ) announced that the acquisition of Idemitsu Canada Resources Ltd.’s (Idemitsu) 7.875% participating interest in the Cigar Lake Joint Venture by Cameco and Orano Canada Inc. (Orano) closed today. Cameco’s ownership stake in the Cigar Lake uranium mine in northern Saskatchewan now stands at 54.547%, 4.522 percentage points higher than it …