Sprott Asset Management LP (“Sprott Asset Management”), on behalf of the Sprott Physical Uranium Trust (TSX: U.UN) (TSX: U.U) (the “Trust” or “SPUT”), a closed-ended trust created to invest and hold substantially all of its assets in physical uranium, today announced that the Trust has updated its at-the-market equity program (the “ATM Program”) to issue …
Demand for uranium in nuclear reactors is expected to climb by 28% by 2030 and nearly double by 2040 as governments ramp up nuclear power capacity to meet zero-carbon targets, the World Nuclear Association (WNA) said in a report on Thursday. Interest in nuclear power has also risen since Russia invaded Ukraine and many nations …
World Nuclear Association (WNA) and the Emirates Nuclear Energy Corporation (ENEC), with the support of the Atoms4NetZero initiative launched by the International Atomic Energy Agency (IAEA), today called for unprecedented collaboration between government, industry leaders and civil society to triple global nuclear capacity to achieve carbon neutrality by 2050. The urgent call for rapid deployment …
South Korea on Thursday gave the final approval for the operation of a new nuclear reactor. The Nuclear Safety and Security Commission gave the go-ahead for the Shin-Hanul No. 2 reactor in the coastal county of Uljin, 218 kilometers southeast of Seoul. The reactor will be loaded with fuel and enter into commercial operation after …
The Carbon Free Power Project (CFPP) today announced the U.S. Nuclear Regulatory Commission (NRC) accepted its Limited Work Authorization (LWA) application for formal review. After technical review of the CFPP application, which was submitted on July 31, 2023, the NRC has docketed the application that seeks approval to commence early construction activities for the CFPP …
The shut down Grohnde nuclear power plant (KWG) is located next to River Weser, north of the town of Grohnde in the Lower Saxony municipality of Emmerthal in the Hameln-Pyrmont district. Getty Images Image used for illustrative purpose. The plant began commercial power operation February 1, 1985. The plant was shut down on 31 December …
Hungarian Foreign Affairs and Trade Minister Péter Szijjártó has said that with groundwork under way at the site of the planned sixth unit at the Paks nuclear power plant, a fresh project milestone has been reached. Szijjártó said that initial groundwork is now taking place to a depth of five metres, with some sections of the …
Centrus Energy Corp (NYSE American: LEU) announced today that it expects to begin first-of-a-kind production of High-Assay Low-Enriched Uranium (HALEU) in October 2023, approximately two months ahead of schedule, at the American Centrifuge Plant in Piketon, Ohio. “This will be the first new U.S.-owned uranium enrichment plant to begin production since 1954,” said Centrus President and CEO Daniel …
This news release constitutes a “designated news release” for the purposes of the Sprott Physical Uranium Trust’s prospectus supplement dated February 15, 2023 to its second amended and restated short form base shelf prospectus dated November 22, 2021. Sprott Asset Management LP (the “Sprott Asset Management”), on behalf of the Sprott Physical Uranium Trust (TSX: …
Winter prices almost close the difference with German power Signals of improved energy security after volatile period A steep drop in French electricity prices is signaling increasing confidence that Europe’s biggest fleet of nuclear reactors will be able to operate reliably through the winter. French power for the first quarter of next year traded at …
