T.FCU resource upgrade drilling successful; high-grade hits in multiple areas

KELOWNA, BC , July 13, 2021 /CNW/ – FISSION URANIUM CORP. (” Fission ” or ” the Company “) is pleased to announce that assays from its winter 2021, resource expansion drill program have confirmed high-grade mineralization on multiple lines between line 900E and line 1125E. All 20 holes returned wide intercepts in multiple stacked intervals in each hole, with 15 holes hitting high-grade …

China starts construction of demonstration SMR

Construction officially started today of the ACP100 small modular reactor demonstration project at the Changjiang nuclear power plant on China’s island province of Hainan. China National Nuclear Corporation (CNNC) said the project will be the world’s first land-based commercial SMR. The multi-purpose 125 MWe pressurised water reactor (PWR) – also referred to as the Linglong …

ESA reviews COVID impacts on supply and demand

The COVID-19 pandemic has significantly influenced the uranium market as several companies announced in the second quarter of 2020 measures leading to an important decrease of uranium production and related services, the Euratom Supply Agency (ESA) says in its newly released 2020 Annual Report. The report provides an overview of nuclear fuel supply and demand …

US-led initiative aims to lower advanced nuclear construction costs

The US Department of Energy (DOE) is teaming up with GE Hitachi Nuclear Energy (GEH) and providing USD5.8 million in funding for a project to demonstrate how three construction technologies from other industries can be applied to advanced reactor designs, to improve the economics of bringing advanced reactors to market. The Advanced Construction Technology (ACT) …

T.EFR and Neo Performance Materials Announce Contract Signing and Launch of Commercial Shipments of Rare Earth Product to Europe in Emerging U.S.-Based Rare Earth Supply Chain

Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) (“Energy Fuels”) and Neo Performance Materials Inc. (TSX: NEO) (“Neo“) are pleased to announce that the first container (approximately 20 tonnes of product) of an expected 15 containers  of mixed rare earth carbonate (“RE Carbonate”) has been successfully produced by Energy Fuels at its White Mesa Mill in …

Cameco, GE Hitachi and Global Nuclear Fuel to Examine Potential Collaboration

Cameco (TSX: CCO; NYSE: CCJ), GE Hitachi Nuclear Energy (GEH) and Global Nuclear Fuel-Americas (GNF-A) have entered into a Memorandum of Understanding to explore several areas of cooperation to advance the commercialization and deployment of BWRX-300 small modular reactors (SMRs) in Canada and around the world. “Nuclear power will play a massive role in the …

Sprott’s uranium ETF aims to provide liquidity

Sprott currently manages four different commodity stockpiling funds, with more than $12 billion in assets, including: the Sprott Physical Gold Trust (PHYS), one of the world’s largest physical gold vehicles; and the Sprott Physical Silver Trust (PSLV), the fastest-growing silver bullion fund. These physical-metal strategies are listed on both the Toronto and New York stock …

Transformative muon technology deployed at McClean Lake

The world’s first cosmic-ray muon detector developed specifically for use in industry-standard boreholes, has been deployed at Orano’s McClean Lake site in northern Saskatchewan where it will be used to image a uranium deposit. The technology developed by Canadian start-up company Ideon Technologies could transform mineral exploration. Muon tomography uses muons – naturally occurring subatomic …