While the price of uranium suffered a steep decline after the 2011 Fukushima Daiichi nuclear accident, growing pressures to decarbonize power generation provide support for the commodity, which is currently priced at cyclical lows. Below, we provide an overview of eight companies active in uranium exploration and development. Appia Energy Appia Energy (CNSX: API; US-OTC: APAAF) …
Cameco (TSX: CCO; NYSE: CCJ) announced today that President and CEO, Tim Gitzel, will be speaking at the CIBC Annual Western Institutional Investor Conference being held on January 28 – 31, 2020. The presentation will occur on Wednesday, January 29 at 2:00 p.m. MST (4:00 p.m. EST) and will be available by audiocast on cameco.com. …
Uzbekistan’s President Shavkat Mirziyoyev has signed a decree on the export of uranium worth over $1.14 billion to Japan in the period of 2023-2030, Uzbek media has reported. Navoi Mining and Metallurgical Combine (NGMK) will oversee the export of the uranium to Japan. The head of the Department of Foreign Economic Relations and Sales of …
The government of Hungary said it will need about $165.4 billion to convert its entire economy to carbon-free status by the year 2050, in order to meet the European Union’s mandate of “climate neutrality.” Hungary’s Innovation and Technology Minister Laszlo Palkovics said 90% of Hungary’s electricity production should be carbon-free by 2030. Palkovics added that …
Russia and India may team up to construct nuclear power plants in Africa and the Middle East, according to India’s ambassador to Russia, building on their current experiences in Bangladesh. “There are also good prospects for cooperation of Russia and India in nuclear energy in third countries,” Ambassador Venkatesh Varma told RIA Novosti on Wednesday. “We are …
Williams Industrial Services Group, an Atlanta-based company which is supporting Bruce Power’s Major Component Replacement project, officially opened its Canadian offices yesterday. Williams, which has worked at more than 40 nuclear stations throughout Canada and the United States, is providing project controls services to Bruce Power. The company’s Canadian operations are based in Saugeen Shores …
Uranium companies have been awaiting a price recovery following the tragic Fukushima Daiichi nuclear reactor disaster in March 2011. Since early 2016, the spot uranium price has remained below US$30 per lb. uranium oxide (U3O8). Many uranium producers have curtailed and shuttered operations, maintaining assets while awaiting a more profitable future. Some juniors have successfully …
Summary: Even though the uranium spot price bottomed in late 2016, uranium mining stocks have not performed spectacularly since then, mostly because the uranium market is trading sideways. This decade should lead to uranium demand surprising to the upside as the world tries to reduce emissions, while limits to wind and solar power will have …
France could shut down its next two nuclear reactors in 2025-2026 if market conditions are right, earlier than expected as it presses ahead with plans to close 14 reactors by 2035, a government consultation document showed on Tuesday. Nuclear-dependent France aims to reduce the share of atomic power in its electricity generation to 50% by …
Turkey is reassessing its major partner for the country’s second nuclear plant in the Black Sea province of Sinop, Energy Minister Fatih Dönmez said on Jan. 19. In an interview with state-run Anadolu Agency, Dönmez said that the time schedule and pricing of the nuclear power plant in Sinop fell short of the ministry’s expectations …