Weekly Reports |Jan 23 2018Inaction by the US government is assuring the uranium spot market is also as good as shut down.By Greg PeelIt is ironic, the analysts at uranium industry consultant TradeTech suggest, that the US government itself would shut down, given the US government has as good as shutdown the US uranium spot market.Last week, the US Federal Energy Regulatory Commission failed to ad...Read More
Russia and Sri Lanka have held talks this week on establishing cooperation in the peaceful uses of nuclear energy. Nikolay Spassky, deputy director general of Russian state nuclear corporation Rosatom, met with Ranjith Siyambalapitiya and Susil Premajayantha, respectively Sri Lanka's minister of power and renewable energy and minister of science, technology and research, on 16-17 January.Spassky m...Read More
An internal investigation of the primary containment vessel (PCV) of unit 2 at the damaged Fukushima Daiichi nuclear power plant in Japan was completed as scheduled today, Tokyo Electric Power Company (Tepco) has announced. The survey - using a suspended pan-tilt camera attached to a telescopic guiding pipe - identified deposits and fuel assembly components at the bottom of the pedestal area.A fue...Read More
Toshiba Corporation is to sell its claims against Westinghouse Electric Company and Brookfield - which is buying the Westinghouse-related shares that it holds - to Nucleus Acquisition. The Japanese company said it has entered into an assignment and purchase agreement with Nucleus and a share purchase agreement with Brookfield.Westinghouse filed for Chapter 11 bankruptcy protection with US courts i...Read More
EDF Energy is confident Hinkley Point C (HPC) will come on line in 2025 and that Sizewell C will be 20% cheaper to build, the company's new CEO, Simone Rossi, said yesterday in his first major speech since taking over from Vincent de Rivaz at the helm of the UK company in November.Under a strategic investment agreement signed in October 2016, China General Nuclear (CGN) agreed to take a 33.5% stak...Read More
SASKATOON, SK--(Marketwired - January 17, 2018) - Winter Exploration ProgramUEX Corporation (TSX: UEX) (OTC PINK: UEXCF) (FRANKFURT: UXO) ("UEX" or the "Company") is pleased to announce that the Company plans to spend $1.5 million drilling its 100% owned West Bear Cobalt-Nickel Prospect located on the Hidden Bay project, immediately east of the West Bear Uranium Deposit ("WBU Deposit"). The drill...Read More
TORONTO, ONTARIO--(Marketwired - Jan. 17, 2018) - Denison Mines Corp. ("Denison" or the "Company") (TSX:DML)(NYSE MKT:DNN)(NYSE American:DNN) is pleased to announce the details of its CAD$16.7 million (Denison's share) exploration and evaluation budget for 2018. The budget will be mainly focused on the Company's high priority projects, namely Wheeler River, Waterbury Lake and Hook-Carter, each of...Read More
Spain's Nuclear Safety Council (Consejo de Seguridad Nuclear, CSN) and the Moroccan Nuclear and Radiological Safety and Security Agency (AMSSNuR) have signed a memorandum of understanding (MoU) on increased collaboration.The signing of the MoU in Rabat (Image: CSN)The CSN said that although Spain and Morocco have had regular contact for more than the past ten years on matters related to nuclear re...Read More
The USA's two main uranium producers yesterday filed a petition with the US Department of Commerce (DOC) seeking an investigation into the effects of uranium imports on US national security. Energy Fuels Inc and Ur-Energy are calling for a limit to imports that would reserve 25% of the US nuclear market for domestic uranium production.White Mesa uranium mill (Image: US Nuclear Regulatory Commissio...Read More
KELOWNA, BRITISH COLUMBIA--(Marketwired - Jan. 16, 2018) - FISSION URANIUM CORP. ("Fission" or "the Company") (TSX:FCU)(OTCQX:FCUUF)(FRANKFURT:2FU) is pleased to announce preparations have begun for a $9.4M winter work program at its award-winning PLS project in Canada's Athabasca Basin. The 31 hole program will focus on two core goals: growth of the recently-discovered, high-grade R1515W zone and...Read More
All four steam generators have been installed at unit 2 of the nuclear power plant under construction in Ostrovets in Belarus, the plant owner, Belarus NPP, announced today. The large items of equipment have been placed in their designated positions inside the reactor building, it said.One of the four steam generators being lifted into place at second Belarus unit(Image: Belarus NPP)Each 330-tonne...Read More
CENTENNIAL, Colo., January 16, 2018 - Westwater Resources, Inc. (Nasdaq: WWR) ("WWR" or "Westwater") is pleased to provide an update on its recent business activities.Westwater is pleased to confirm receipt of $1.5 million from Laramide Resources, Ltd., which is the first of three payments to retire the loan obligation that was part of the sale of the Churchrock and Crownpoint uranium properties i...Read More
Location of Fission's Triple R deposit and other uranium projects in the Athabasca Basin. (Image: Fission Uranium)SASKATCHEWAN - Fusion Uranium, headquartered in Kelowna, B.C., is preparing to start a $9.4-million winter work program at its Patterson Lake South property in the Athabasca Basin. Roscoe Postle Associates will be the lead consultant for the study.An eight-hole winter drilling progra...Read More
Peninsula Energy Ltd (ASX:PEN) has achieved its third successive quarter of increased uranium production from the Lance Projects in the U.S.There were circa 38,800 pounds of uranium produced in the December quarter, 4,300 pounds more than the previous quarter.The average daily production rate improved to 430 pounds during the quarter and this has continued into January with a rate of 500 pounds.RE...Read More
Drill hole locations overlying resistivity data at the South Arrow zone, part of the Rook I uranium project. (Image: NexGen Energy)SASKATCHEWAN - Vancouver-based NexGen Energy has received assays for the final 31 holes in the South Arrow zone at its Rook I project in the Athabasca Basin.The results define South Arrow as shallow, sub-parallel stacked mineralized shears located about 400 metres...Read More
The UK government aims to maintain as many of the benefits the country has enjoyed from its membership of the European Atomic Energy Community since joining the EU and Euratom in 1973 through a "close and effective association" in the future, Greg Clark, secretary of state for business, energy and industrial strategy told Parliament yesterday. The UK will exit Euratom at the same time as withdrawi...Read More
The Californian Public Utilities Commission (CPUC) yesterday approved Pacific Gas & Electric's (PG&E) request to retire the state's only operating nuclear capacity - the two-unit Diablo Canyon nuclear power plant - by 2025.Diablo Canyon (Image: US Nuclear Regulatory Commission/PGE)PG&E in August 2016 filed its application to retire Diablo Canyon at the end of its current operating lice...Read More
TORONTO, ONTARIO--(Marketwired - Jan. 11, 2018) - Uranium Participation Corporation ("UPC" or the "Corporation") (TSX:U) today filed its Financial Statements and Management's Discussion & Analysis ("MD&A") for the period ended November 30, 2017. Both documents can be found on the Company's website (www.uraniumparticipation.com) or on SEDAR (www.sedar.com). The highlights provided below are derived...Read More
France's Framatome and China National Nuclear Corporation (CNNC) have signed a protocol for the development of global strategic cooperation. They have also renewed a contract under which Framatome will supply nuclear fuel components to CNNC.The protocol was signed in Beijing during the first visit to China by French President Emmanuel Macron from 8 to 10 January. It was signed by Framatome CEO Ber...Read More
Russian State Expert Examination Board (Glavgosexpertiza) has approved the operation of the floating nuclear power plant Akademik Lomonosov. The authority said on 9 December it had approved the project in Russia's northernmost city of Pevek that is being funded by Rosenergoatom, the nuclear power plant operator subsidiary of Rosatom.The Akademik Lomonosov (Image: Rosenergoatom)Currently moored at...Read More