(Bloomberg) — Billionaires Elon Musk and John Elkann share optimism about the future of everything from space exploration and energy to artificial intelligence and agree Ferrari NV should steer clear of autonomous-driving technology. The two spoke for more than 45 minutes on Friday during Italian Tech Week, an event the chairman of Ferrari and Stellantis …
Cameco, GE Hitachi, GEH SMR Canada and Synthos Green Energy to Collaborate on Potential Deployment of BWRX-300 Small Modular Reactors in Poland Cameco (TSX: CCO; NYSE: CCJ), GE Hitachi Nuclear Energy (GEH), GEH SMR Technologies Canada, Ltd. (GEH SMR Canada) and Synthos Green Energy (SGE), a member of the Synthos Group S.A., have entered into a …
Uranium had been sitting at historic lows for most of the last decade, but as demand and sentiment surrounding uranium turned around slowly, prices have begun to turn around. Prices have risen by 40% in the month of September alone, overtaking all other major commodities. A few weeks ago, millions of pounds of supplies were …
Denison Mines Corp. (“Denison” or the “Company”) (TSX: DML) (NYSE American: DNN) is pleased to announce that the Wheeler River Joint Venture (“WRJV”) has approved the initiation of an independent Feasibility Study (“FS” or the “Study”) for the In-Situ Recovery (“ISR”) mining operation proposed for the Phoenix uranium deposit (“Phoenix” or the “Project”). The Company is also pleased …
After languishing at historical lows for the better part of the last decade, uranium suddenly came back from the dead. Prices have surged about 40% just in September, outpacing all other major commodities. In just a few weeks, millions of pounds of supply was scooped up by the Sprott Physical Uranium Trust. It’s a massive bet on …
The Biden administration’s top energy official said the nuclear industry should broaden its business case beyond power markets in order to ensure its place in a carbon-free economy. US nuclear energy has come under relentless pressure in recent years from cheap natural gas, solar and wind power. More reactors are being taken offline permanently than …
CAPE TOWN, Sept 21 (Reuters) – South Africa is forging ahead with plans for a new 2,500-megawatt nuclear power plant in a bid to boost energy security and wants to end the procurement process by 2024, the deputy energy minister said on Tuesday. “We plan to issue the Request for Proposal (RFP) for 2,500MW nuclear …
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 …
