Weekly Reports |Mar 13 2018While the world reels amidst global trade uncertainty, India has outlaid plans to become nuclear self-sufficient.- Weekly spot price movements remain lacklustre- US-Europe price gap narrows- India unveils ambitious production plansBy Greg PeelIndustry consultant TradeTech's weekly uranium spot price indicator fell -US25c last week to US$22.00/lb as financial urgency forc...Read More
CENTENNIAL, Colo., March 13, 2018 - Westwater Resources, Inc. (Nasdaq: WWR) ("WWR" or the "Company"), an energy materials exploration and development company, announced today that its acquisition of Alabama Graphite Corp. ("AGC") has achieved a critical milestone, as 97% of the votes cast by AGC securityholders at the AGC Special Meeting on March 9, 2018 were in favor of the transaction. Importa...Read More
Rosatom announced on Monday that the Russia-China Investment Fund for Regional Development will kickstart the financing for a uranium mining project in Russia's Zabaikalsky Territory.Zabaikalsky is located in the southeastern region of Transbaikalia and has a 998-kilometre border with China and a 868-kilometre border with Mongolia. According to state-owned website Sputnik, the agreement was signed...Read More
The US mining industry is asking the Supreme Court to revoke an Obama-era rule banning the mining of uranium on public lands nearby the Grand Canyon.The National Mining Association (NMA) and the American Exploration and Mining Association (AEMA) filed petitions on Friday asking the court to reverse the 2012 ban implemented by the previous administration as uranium prices soared and a flurry of n...Read More
PETERBOROUGH, Ontario--(BUSINESS WIRE)--BWX Technologies, Inc. (NYSE:BWXT) announced today that its subsidiary BWXT Nuclear Energy Canada Inc. (BWXT NEC) has been awarded a CA$168 million, five-year contract extension to manufacture fuel for Ontario Power Generation's (OPG) Darlington and Pickering nuclear generating stations. The deal extends BWXT NEC's current fuel manufacturing arrangement with...Read More
Energy Fuels Inc (TSE:EFR, NYSE:UUUU) became the largest uranium producer in the United States in 2017, it told investors, posting revenues for the year of US$31mln (2016: US$54.5mln).The net loss was US$27.9mln, narrowed from a loss of US$39.8mln the previous year.READ - Energy Fuels set for operations expansion in Utah after La Sal Complex approvalGross profit for what the firm said was another...Read More
An Industrial Way Forward Agreement signed on 10 March by the CEOs of EDF and Nuclear Power Corporation of India Ltd (NPCIL) sets out the industrial framework and planned timetable for the implementation of six EPR reactors at Jaitapur, as well as the roles and responsibilities of the partners.Emmanuel Macron and Narendra Modi, pictured during their joint press statement on 10 March (Image: Prime...Read More
A collaboration between the Massachusetts Institute of Technology (MIT) and private company Commonwealth Fusion Systems (CFS) is aiming for the rapid commercialisation of nuclear fusion energy, with support from Italian energy company Eni.A visualisation of the SPARC tokamak (Image: Ken Filar, PSFC)The MIT-CFS collaboration aims to build a compact device capable of generating 100 MW of fusion powe...Read More
A multidisciplinary and multiethnic team of scientists just published a paper in Nature where they explain the implications of having found calcium silicate perovskites contained within a tiny South African diamond.The gem was dug from the Cullinan mine, located 40 kilometres east of Pretoria, where the world's largest rough diamond was found in 1905. The mine was also the source of two of the lar...Read More
The UK must be able to operate as an "independent and responsible nuclear state" as soon as it leaves the European Union in March 2019, the government has said in its response to a parliamentary report about the impact of Brexit on the country's nuclear industry.The Business, Energy and Industrial Strategy Committee is appointed by the House of Commons to examine the expenditure, administration an...Read More
TORONTO, ONTARIO--(Marketwired - March 8, 2018) - Denison Mines Corp. ("Denison" or the "Company") (TSX:DML)(NYSE AMERICAN:DNN)(NYSE MKT:DNN) today filed its Consolidated Financial Statements and Management's Discussion & Analysis ("MD&A") for the year ended December 31, 2017. Both documents can be found on the Company's website at www.denisonmines.com or on SEDAR (at www.sedar.com) and EDGAR (at...Read More
India is planning a tenfold increase in uranium production over the next 15 years, Minister of State Jitendra Singh told the country's parliament yesterday. State company Uranium Corporation of India Ltd (UCIL) has outlined expansion plans to meet the Department of Atomic Energy's (DAE) vision of achieving self-sufficiency in uranium production.In answer to questions in the Lok Sabha, Singh said U...Read More
China will "steadily promote" the development of nuclear power this year, according to a plan released today by the country's National Energy Administration (NEA). The plan calls for five new nuclear power reactors to be brought online in 2018 and construction to be started on a further six to eight units.In its Energy Work Guidance Opinion for 2018, the NEA said China's installed nuclear generati...Read More
Affiliates of Entergy Corporation and NorthStar Group Services Inc have signed agreements with State of Vermont agencies and other parties on terms for the sale approval of the shut-down Vermont Yankee nuclear power plant to NorthStar. The sale will enable the accelerated decommissioning of the single-unit boiling water reactor plant.Vermont Yankee (Image: Entergy)Entergy's affiliates and NorthSta...Read More
Iran is implementing its nuclear-related commitments under the Joint Comprehensive Plan of Action (JCPOA), Yukiya Amano, director general of the International Atomic Energy Agency (IAEA) confirmed to his board of governors yesterday. Amano said the plan represents a "significant gain" for nuclear verification.Yukiya Amano addresses the IAEA Board of Governors (Image: Dean Calma/IAEA)Amano said IAE...Read More
Swiss utility Axpo has received regulatory approval to bring unit 1 of the Beznau nuclear power plant (KKB) back into service this month after evidence it submitted last December proved aluminium oxide inclusions in the reactor pressure vessel do not affect the unit's safety.Beznau unit 1 (Image: ENSI)he RPV was manufactured in the Creusot Forge in France in the 1960s. According to the production...Read More
The International Atomic Energy Agency has launched the first regional training course in the Middle East on pressurised water reactors (PWRs). In cooperation with the University of Sharjah, in the United Arab Emirates, the course took place between 19 and 23 February and brought together more than 20 participants from eight IAEA Member States at the university's College of Engineering.A course pa...Read More
A memorandum of understanding signed by Holtec International and Energoatom envisages the adoption by Ukraine of Holtec's small modular reactor (SMR) technology with the country becoming a manufacturing hub for SMR-160 reactor components. Separately, the US Nuclear Regulatory Commission (NRC) has begun a technical review of an application by Holtec for a consolidated spent fuel interim storage fac...Read More
Russia, Bangladesh and India yesterday signed a memorandum on cooperation in the implementation of the Rooppur nuclear power plant project. Construction of Bangladesh's first nuclear power reactor, Rooppur 1, officially began in late November 2017.The signing of the memorandum (Image: Rosatom)The memorandum is between Russian state nuclear corporation Rosatom, the Ministry of Science and Technolog...Read More
CENTENNIAL, Colo., March 2, 2018 - Westwater Resources, Inc. (Nasdaq: WWR) (the "Company"), an energy minerals exploration and development company, announced today its results for fiscal year 2017 ending December 31, 2017, and also discussed its business outlook and its energy minerals business development for 2018. "2017 was a pivotal year for the Company with the strategic move to increase our...Read More