Australian uranium miners soar after US nuclear plant revival deal
Shares of Australian uranium miners surged for a second day on Tuesday after Microsoft signed a deal to help resurrect a US nuclear power plant, fuelling hopes that growing demand from big tech firms for green power could fuel demand for nuclear energy.
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Former IGO head takes top uranium job
Boss Energy has welcomed former IGO acting chief executive officer Matt Dusci as its new chief operating officer.
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China pushes back on US probe of uranium exports
The Chinese government on Wednesday pushed back on a US probe of whether China is helping its neighbor Russia dodge a US ban on Russian uranium imports saying Beijing has always opposed “illegal unilateral sanctions”.
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More uranium mineralisation uncovered in South Australia
Lincoln Minerals has uncovered high-grade uranium mineralisation at its Eridani deposit situated within the eastern Eyre Peninsula in South Australia.
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Orano selects Tennessee site to build uranium enrichment plant
France’s state-owned nuclear fuel company Orano has selected Oak Ridge, Tennessee as a preferred site to build a multi-billion dollar US uranium enrichment plant, Tennessee and Orano officials said on Wednesday.
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Visit: 63
Energy Resources of Australia to raise $598 million for uranium project
Energy Resources of Australia (ERA) said on Wednesday that it will raise A$880 million ($598.5 million).
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Investors rush into uranium miners on Kazakh production outlook
Uranium-focused investors in North America are plowing into miners of the nuclear reactor fuel after the world’s largest producer, Kazatomprom released guidance that fell short of market expectations.
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Visit: 57
Uranium Energy restarts uranium production in Wyoming
Uranium Energy said on Tuesday it has restarted uranium production at its Christensen Ranch operations in Wyoming, with shipments expected in November or December.
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Visit: 56
ERA scores win in battle to keep Jabikula uranium lease
Australia’s Federal Court has issued and interim order to stay the government’s decision to not extend Rio Tinto-owned Energy Resources of Australia’s (ASX: ERA) lease for a high-grade uranium deposit in the country’s Northern Territory.
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Uranium miners say Australia to miss out on nuclear boom
Uranium explorers are calling on Australian state governments to lift bans on mining the fuel, which is set for a long-term jump in demand as decarbonization spurs a nuclear energy revival.
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Uranium contract prices soar on uncertain supply, AI-led power demand
Long-term uranium contract prices have hit over 16-year highs on supply uncertainty and higher demand from utilities scrambling to secure the radioactive fuel to aggressively expand their capacity to power mushrooming AI data centers.
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Turkish envoy visits Niger to secure uranium supplies
Turkey’s foreign, defense and energy ministers visited Niger on Wednesday to secure access to the West African nation’s rich uranium deposits.
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Orano at risk of losing Niger uranium mine sought by Russia
Orano SA could lose the right to mine uranium at one of the largest deposits in the world by June 19 after Niger rejected the French nuclear company’s plan for developing the asset.
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Russia said to seek French-held uranium assets in Niger
Russia is seeking to take over uranium assets in Niger held by a state-controlled French company, according to people informed about the matter, in a further challenge to Western interests in Africa.
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Berkeley seeks $1bn in damages from Spain over uranium mine dispute
Australian mining group Berkeley Energia said on Tuesday it had filed a request for an arbitration to seek $1 billion in damages from the Spanish government after it refused to give final approval for its uranium mine project.
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Senate passes Russian uranium import ban, sending to Biden
The Senate voted Tuesday evening to approve legislation banning the import of enriched uranium from Russia, sending the measure to the president. President Joe Biden plans to sign it into law soon, according to the White House.
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Visit: 147
White House eyes Russian uranium import ban while House bill stalls
The Biden administration is considering banning imports of enriched Russian uranium using executive authority as congressional efforts to block the Kremlin’s shipments of the reactor fuel stall, people familiar with the matter said.
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Visit: 154
Berkeley to take uranium mine dispute with Spain to arbitration
Australian mining group Berkeley Energia will take its dispute with Spain to international arbitration after the country refused to give final approval to a uranium mine near the city of Salamanca, the company said on Wednesday.
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France’s $1.6 billion uranium deal with Mongolia faces delays
France said in October it wants to give landlocked Mongolia, which is situated between Russia and China, “the means to benefit from greater strategic sovereignty” in the face of “two extremely powerful neighbors.”
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Uranium developers say supply jolt is boosting new projects
Uranium project developers see a stronger outlook for prices and supply pacts after the world’s top producer of the nuclear fuel jolted the market with output cuts.
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Visit: 238
Uranium stocks extend surge after Kazakh miner cuts output
Uranium miners extended a rally that’s made them the best-performing Australian stocks this year after the world’s biggest producer of the metal used to produce nuclear fuel cut its output target.
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Visit: 206
Uranium producer Niger launches mining sector overhaul
Niger temporarily suspended the granting of new mining licenses, the first step in an audit of its mining sector as it seeks to boost government revenue.
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Visit: 141
McClean Lake uranium mine in Canada to resume production
Denison Mines and joint venture partner Orano Canada said on Wednesday they will restart the McClean Lake mine, located in the uranium-rich Athabasca Basin in northern Saskatchewan, amid improving project and commodity economics.
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Uranium miners posed to extend gains on supply crunch
Uranium-mining stocks are poised to extend their red-hot run in 2024 as a supply crunch sends the price of the yellow metal even higher, according to Sprott, a commodities-focused investment manager.
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Visit: 151
Toro Energy to grow Wiluna uranium project with satellite deposits
Toro Energy has unveiled plans to grow its Wiluna uranium project in Western Australia with the integration of two of the company’s fully-owned satellite deposits currently under assessment as part of an extension study.
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Visit: 148