Second large Polish nuclear plant gets approval

Poland’s Ministry of Climate and Environment has issued a decision-in-principle for the country’s second large nuclear power plant. Two South Korean-supplied APR1400 reactors are planned in the Patnów-Konin region. PGE PAK Energia Jądrowa submitted an application for the plant to the ministry in August this year. The application included a description of project characteristics, indicating …

Chinese long-distance nuclear heating project begins operation

China’s first project to bring nuclear-generated heat to multiple prefecture-level cities has begun operation in Shandong province, supplying heat from the Haiyang nuclear power plant to the cities of Haiyang and Rushan through a 23 km pipeline. The project is the third phase of a commercial heating project called Warm Nuclear No 1 operated by …

Uranium Market Outlook 2024

November 22, 2023 | (26 mins 00 secs) Per Jander and James Connor discuss the uranium market, highlighting the catalysts for sharp increases in uranium prices in 2023, including increased utility and producer activity, production shortfalls from major players like Cameco and Orano, and geopolitical uncertainties affecting supply. Per Jander expresses optimism for the uranium market, …

MEPs fully include nuclear in Net-Zero Industry Act

The European Parliament has adopted its position on the proposed Net-Zero Industry Act (NZIA), which is intended to bolster Europe’s manufacturing output in technologies needed for decarbonisation. MEPs included nuclear fission and fusion among a list of 17 technologies covered by the legislation. Europe largely imports these decarbonisation technologies, and many non-EU countries have stepped …

France to Decide on Eight More Nuclear Reactors by End of 2026

That’s in addition to six atomic plants France already plans Nuclear is part of country’s plan to shift from fossil fuels France will decide by the end of 2026 on whether to build another eight large nuclear reactors in addition to the six atomic plants it already plans to construct. President Emmanuel Macron has already said that France could build as …

Corporate agreement furthers Canadian SMR collaboration

Ontario Power Generation subsidiary Laurentis Energy Partners (LEP) and Saskatchewan utility SaskPower have announced details of a Master Services Agreement that will see them collaborate to advance the deployment of small modular reactors (SMRs) in Saskatchewan. The LEP-SaskPower agreement will run for up to five years and serves as a foundation for a long-term strategic …

V.PTU Announces Winter Program at Smart Lake JV Project

Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) (“Purepoint” or the “Company”) announced today the approval of the 2024 exploration program for the Smart Lake JV Project that is jointly owned by Cameco Corporation (73%) and Purepoint (27%). The Smart Lake Project is located approximately 18 km west-northwest of the Hook Lake Project and 60 km south-southwest of …

Uranium Exceeds $80 for First Time in More Than 15 Years

Futures for yellowcake rose about $80.25 a ton on Monday Renewed demand alongside disrupted mines drives long rally Uranium prices topped $80 a pound for the first time in more than fifteen years on renewed demand for nuclear power and disrupted supplies. Nymex futures tracking physical-market contracts for a raw form of uranium known as yellowcake …