FirstEnergy gives notice to deactivate four units

FirstEnergy Solutions (FES) has notified regional transmission organisation PJM Interconnection that it will deactivate the Beaver Valley, Davis-Besse and Perry nuclear power plants during the next three years. The company, which is aiming to leave the competitive market, is seeking legislative policy solutions to keep the plants operating. Beaver Valley, a single-unit pressurised water reactor, …

Nuclear industry facing crisis that Trump must address, think tank says

The nation’s nuclear energy industry is facing a crisis that the Trump administration must immediately address as a core part of its “energy dominance” agenda, a Washington think tank said Thursday. The decline of the nuclear power industry is “an important policy problem” that is not receiving the attention it deserves, the Atlantic Council said …

20 years later: DOE’s Savannah River Site begins dissolving ORNL fuel again

The Department of Energy’s Savannah River Site has begun dissolving uranium fuel cores from Oak Ridge National Laboratory’s High Flux Isotope Reactor for the first time since 1988. The spent fuel will help deliver electricity to residents in the Tennessee Valley. The High Flux Isotope Reactor is fueled by highly enriched uranium, which the Savannah …

T.DML: Announces Initial Results from the Drilling Program at the Hook-Carter Project, Athabasca Basin, Saskatchewan

ALX Uranium Corp. has provided initial results from the Hook-Carter uranium project drilling program which began in mid-February, 2018 (see ALX news release dated Feb. 13, 2018). The drilling program is being operated by Denison Mines Corp. (“Denison”) (TSX: DML, NYSE MKT: DNN) and was originally estimated to include 10,000 metres of diamond drilling. To …

Glimmers of hope for uranium miners

It’s been an eventful past couple of weeks in the uranium subsector, even if the spot price for uranium oxide has shown little positive response. In the U.S., the Trump administration’s Department of Energy (DOE) has suspended sales from its uranium oxide stockpiles for the rest of the government’s fiscal year (until Sept. 30, 2018). …

Why Skyharbour is primed to ride a uranium market revival

If you tell Jordan Trimble that uranium prices are bouncing around the basement at around US$22 per pound, he’ll smile. As director, president and CEO of uranium exploration company Skyharbour Resources Ltd. (TSX.V: SYH) (OTCQB: SYHBF) he’s assembled a rare trifecta of topography, timing and talent to unlock the full potential of an extensive portfolio of uranium …

V.GXU: and Toshiba Corporation agree to extend Uranium Bond settlement to the end of April

GoviEx Uranium Inc. has agreed with Toshiba Corp. to extend the date of settlement under the termination agreement and mutual release to April 30, 2018. Toshiba also has agreed to extend the completion of the share purchase agreement with a mutually agreed third party investor. The execution of the agreement and the SPA were both …

V.AAZ: Option Partner Azincourt Enters Year Two of Option Agreement at East Preston Uranium Project

Vancouver, BC – Skyharbour Resources Ltd. (TSX-V: SYH) (OTCQB: SYHBF) (Frankfurt: SC1P) (the “Company”) is pleased to announce its option partner Azincourt Energy (TSX-V: AAZ) (“Azincourt”) has paid its required cash payment to enter year two of the property option agreement after receiving positive results from the recent exploration program at the East Preston Uranium Project (the “Project”). Numerous high-quality drill targets were generated …

T.DML: Announces Increase in Mineral Resources Estimated for the Midwest Uranium Project

TORONTO, March 27, 2018 (GLOBE NEWSWIRE) — Denison Mines Corp. (“Denison” or the “Company”) (TSX:DML) (NYSE MKT:DNN) (NYSE American:DNN) is pleased to announce an increase in the mineral resources estimated for the Midwest Project, located in the eastern Athabasca Basin, northern Saskatchewan, Canada. The Project is host to the high-grade Midwest Main and Midwest A …