Top uranium miner Kazatomprom said it may supply the metal to Sprott, the investment firm whose aggressive bets on the market have helped drive a surge in prices. “We already started talks with Sprott,” Askar Batyrbayev, chief commercial officer of the Kazakh producer, said in an interview. “A lot of financial players” are increasingly interested …
Uranium prices have climbed 60% in four weeks as an investment fund embarked on a buying spree. Morgan Stanley commodity strategists say it may be hard to maintain robust investment demand into 2022. The Sprott Physical Uranium Trust has purchased a massive 28 million pounds since mid-August. Uranium prices have shot up about 60% over …
Denison Mines Corp. (“Denison” or the “Company”) (TSX: DML) (NYSE American: DNN) is pleased to announce that UEX Corporation (“UEX”) has repaid the interest-free 90-day term loan provided to UEX by Denison in connection with UEX’s purchase of JCU (Canada) Exploration Company, Limited (“JCU”) (the “Term Loan”, see Denison news release from August 3, 2021). On the …
Bruce Power says it’s advancing its ‘Made in Ontario’ economic recovery strategy with a $22 million contract. The nuclear operator announced Thursday (Sept 16) Candu Energy Inc., a member of the SNC Lavalin Group, has teamed up with BWXT Nuclear Energy Canada Inc. to provide 38 drive mechanisms for reactivity control units, to support the …
SASKATOON, Saskatchewan, Sept. 16, 2021 (GLOBE NEWSWIRE) — Cameco (TSX: CCO; NYSE: CCJ) and X-energy have entered a non-binding and non-exclusive Memorandum of Understanding to explore possible areas of cooperation to support the potential future deployment, fuelling and servicing of Xe-100 small modular reactors (SMRs) in Canada and the United States. “We feel very confident about the …
BLANDING, Utah, Sept. 16, 2021 /CNW/ – At its recent open house showcasing its uranium and rare earth businesses for local and national dignitaries and industry leaders, Energy Fuels Inc. (“Energy Fuels” or the “Company”) announced the establishment of the San Juan County Clean Energy Foundation, a fund specifically designed to contribute to the communities surrounding Energy …
Shipments of commercial quantities of rare earths from Energy Fuels’ White Mesa Mill in Blanding represent a milestone in the creation of a new supply chain reducing dependence on foreign suppliers, while boosting significant economic potential to the area BLANDING, Utah, Sept. 16, 2021 /CNW/ – Energy Fuels’ President and CEO, Mark Chalmers is hosting …
For the first time since the Fukushima Daiichi accident a decade ago, the International Atomic Energy Agency (IAEA) has revised up its projections of the potential growth of nuclear power capacity for electricity generation during the coming decades. The change in the IAEA’s annual outlook for this low-carbon energy source does not yet mark a …
NEW DELHI: With India is exploring multiple options to lower its carbon footprints, the government on Tuesday said the country would produce three times more nuclear from its current level and called for greater India-US cooperation for clean energy sectors such as biofuels and hydrogen. The issue of ramping up efforts to produce more nuclear …
Korea Hydro & Nuclear Power Co. (KHNP), the state operator of nuclear reactors that had complied with the government order to shut down Wolsong Unit 1 before its legitime lifetime, formerly asked the government to revisit its nuclear phase-out plan to enable greater nuclear role for stable energy supply in carbon neutrality goal. According to …