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Uranium Energy Corp. is a uranium mining company. It advances its In-Situ Recovery (ISR) mining uranium projects in the United States and conventional projects in Canada. It offers two production ready ISR hub and spoke platforms in South Texas and Wyoming. These two production platforms are anchored by operational central processing plants and served by seven U.S. ISR uranium projects... see more

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Uranium Energy Corp > 🤠🐂Bullish #Uranium & #NuclearEnergy news flow was on fire

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Post by mangoe on Sep 22, 2024 2:24pm

🤠🐂Bullish #Uranium & #NuclearEnergy news flow was on fire

John Quakes

@quakes99 -

Bullish #Uranium & #NuclearEnergy news flow was on fire this past week with Three Mile Island's restart! Demand for Western mined #Uranium is surging in a global #AI-boosted #Nuclear Renaissance! Here's my weekly recap:

Tech giant Microsoft has signed a $16 Billion 20-year power purchase agreement to secure the restart of Constellation Energy's 835MW Three Mile Island Nuclear reactor 1 to power its AI data center expansion plans in #Pennsylvania. "The bottom line: Rising power thirst, data centers, and fighting climate change are starting to remake the nuclear landscape." Surging demand for 24/7 reliable carbon-free electricity to power global AI/Data Center expansion is driving new unprecedented demand for the only large-scale Net-Zero emissions "always on" power source capable of meeting that demand: Nuclear power, which in turn is tying AI growth to increased Nuclear power and Uranium fuel demand. Nuclear utilities and Uranium mining stocks have now become an AI investment theme tied to the escalating power demands of a full-blown AI revolution. axios.com/2024/09/20/thr

Computing giant Oracle is designing a massive new data center that will require more than a gigawatt of carbon-free electricity, powered by three small Nuclear reactors. cnbc.com/2024/09/10/ora

Amazon Web Services (AWS) is hiring a Nuclear engineer with utility-scale & small modular reactor (SMR) experience who will build "nuclear product and fuel strategy roadmaps" for powering AWS data centers. datacenterdynamics.com/en/news/aws-hi

A record-setting 2,960 delegates from 178 Member States met in Vienna last week at the International Atomic Energy Agency's 68th General Conference which kicked off with the 4th successive upward revision to the IAEA's annual projection for Nuclear power expansion, rising by 2.5 times to 950GW by 2050 in the high case scenario, including a significant new contribution from the deployment of small modular reactors(SMRs). This equates to a 2.5 times increase in Uranium requirements to nearly 500 Million lbs U3O8 PER YEAR by 2050. iaea.org/newscenter/pre

US Deputy Secretary of Energy, David Turk, reaffirmed to the IAEA Conference in Vienna that "The United States is committed to deploying civil nuclear energy to meet global net-zero targets, including our pledge alongside 24 partners to triple globally installed nuclear generation capacity by 2050, and strengthen energy security" vienna.usmission.gov/u-s-national-s

The Sapporo 5 (USA, Canada, France, Japan and UK) have mobilized $5.6 Billion to expand Western Uranium enrichment & conversion capacity over the next 3 years. The group has invited other like-minded nations to join the commitment to secure a reliable Nuclear fuel supply chain free from Russian influence. Expansion of Western enrichment & conversion = increased demand for Western mined Uranium. energy.gov/ne/articles/sa

On Tuesday, September 24, Centrus Energy will host a special briefing on Capitol Hill to outline the path forward for restoring a large-scale, American-owned, American-technology uranium enrichment capability and the associated supply chain.

The briefing will discuss how Russia, China and others have displaced the United States as the global leaders in uranium enrichment – and what it will take to re-establish America's domestic supply chain.

Centrus will discuss their plan to expand the American Centrifuge Plant in Piketon, Ohio, so it can meet the full range of U.S. commercial and national security requirements for enriched uranium. The potential expansion will require a public-private partnership combining robust federal investment with significant private capital and commercial offtake agreements. The briefing will update policymakers, industry, and the media on this effort and what's needed to make the expansion a reality. prnewswire.com/news-releases/

The US has launched a probe into Chinese enriched Uranium (EUP) imports that are undermining its plan to boost US domestic EUP production and potentially helping China's neighbour Russia dodge a U.S. ban on Russian uranium imports. Starting 27 September a 25% tariff will be levied on US Uranium imports from China. China is pushing back: reuters.com/world/china-pu

The EIA released its Quarterly Domestic Uranium Production Report for Q2/2024 showing US production of uranium concentrate (U3O8) in the second quarter of 2024 totaled just 97,709 pounds U3O8 to fuel the world's largest Nuclear reactor fleet that consumes nearly 50 Million lbs U3O8 PER YEAR, underscoring the critical needs of the US domestic U mining industry that's just barely alive on life support. eia.gov/uranium/produc

The European Parliament has called for an EU ban on imports of Russian goods, including Russian Uranium. en.interfax.com.ua/news/economic/

The US Nuclear Regulatory Commission has issued a Construction Permit to Abilene Christian University to build its Molten Salt Research Reactor on the university’s campus in Abilene, Texas, the first such permit issued in decades. x.com/NRCgov/status/

The U.S. Nuclear Regulatory Commission (NRC) has approved 20-year license renewals for Florida Power & Light Company's Turkey Point Nuclear Power Plant Units 3 and 4, enabling the continued safe operation of these units through 2052 and 2053, respectively. These reactor life extensions add unanticipated Uranium fuel demand of around 800,000 lbs per year for another 20 years. "This significant approval ensures that the nuclear facility will continue to provide reliable, low-cost and clean energy to FPL customers for the next three decades." In addition to Turkey Point, the company's St. Lucie Nuclear Power Plant and the Point Beach Nuclear Power Plant, owned by FPL's sister affiliate NextEra Energy Resources, are currently undergoing their subsequent license renewal application processes. newsroom.nexteraenergy.com/2024-09-18-NRC

Reactor 7 at India's Rajasthan Atomic Power Project (RAPP-7) Nuclear power plant successfully achieved initial start-up on September 19, the third to be successfully brought online in a series of 16 indigenous PHWRs of 700 MWe each (11.2 Gigawatts in total) being set up across the country. economictimes.indiatimes.com/industry/energ

India's government has approved the creation of a joint venture between Nuclear Power Corporation of India Limited and National Thermal Power Corporation to construct, own and operate nuclear power plants in India. The JV is to be responsible for deploying 6 x 700 MWe Indian-designed pressurised heavy water reactors. "This will pave the way for pooling of resources from both NTPC and NPCIL, in terms of finances, technology and project expertise, for the rapid expansion of nuclear power" world-nuclear-news.org/articles/india

India announced plans to build a large fleet of 40 to 50 x 220MW small Nuclear reactors to power hard-to-decarbonize industries like steel and cement. spectrum.ieee.org/nuclear-reacto

Rolls-Royce has secured a deal with the Czech Republic towards building a fleet of 470MW mini Nuclear reactors (SMR's). The nation plans to deploy 10 SMR's by 2050. ft.com/content/aee922

USA-based Holtec International has selected South Yorkshire in England as the preferred site for its proposed UK small modular reactor factory to mass-produce a 5 Gigawatt fleet of its 300MW SMR's by 2050. world-nuclear-news.org/articles/south

Holtec announced that the planned restart of its Palisades Nuclear power plant in Michigan remains on schedule for the fall of next year. world-nuclear-news.org/articles/palis

Aalo Atomics has signed an MOU with Idaho Falls Power for the deployment of a fleet of 7 factory-built Aalo-1 small modular nuclear reactors of 75MW capacity in the US by the end of this decade. aalo.com/post/aalo-atom

US Westinghouse announced that their eVinci™ Microreactor has reached a major milestone with the submission of their Microreactor Preliminary Safety Design Report to US Department of Energy's National Reactor Innovation Center in support of siting its test reactor at NRIC’s Demonstration of Microreactor Experiments (DOME) test bed at Idaho National Laboratory, the first reactor developer to do so. “This PSDR submission is a critical step to bringing the Westinghouse eVinci Microreactor to commercial operation,” said Jon Ball, President of eVinci Technologies at Westinghouse. “We are targeting deployment of multiple eVinci microreactors across the world by the end of the decade" info.westinghousenuclear.com/news/westingho

Ontario Power Generation's (OPG) project to refurbish the four Candu reactor units at Darlington in Canada is now 86% complete, with unit 1 preparing to restart ahead of schedule. OPG has also just announced the issue of C$300M of Green Bonds to fund energy-related projects and programmes including new nuclear projects, such as SMRs, and large new nuclear, in addition to maintenance or refurbishment of existing facilities. OPG has issued $4.6 Billion in Green Bonds since 2018. world-nuclear-news.org/articles/darli

The World Nuclear Association now shows 439 operable reactors (396GW), 64 units under construction (71GW), 88 more ordered or in advanced planning (85GW) and another 344 reactors (365GW) proposed. The WNA estimates that operating reactors will consume 67,517tU (176 Million lbs U3O8) this year. Nuclear fuel consultants push that figure up to over 200 Million lbs when taking into account initial reactor coreloads (3X annual), restocking of depleted inventories, and secondary demand coming from physical uranium funds, hedge funds and other financial players. world-nuclear.org/information-li

Last week the OECD Nuclear Energy Agency's 'Roadmaps to New Nuclear' Conference 2024 in Paris, France, brought together government officials and Nuclear industry leaders from 20 OECD member states to develop practical solutions, policy and investment for expanding new Nuclear capacity and extending long-term operation of existing reactors in order to achieve the goal of tripling Nuclear by 2050. A new 'Joint Undertaking on Roadmaps to New Nuclear' brought together 13 like-minded nations in an initiative focused on finance, supply chain readiness and building the skilled workforce needed to achieve the triple Nuclear goal. oecd-nea.org/jcms/pl_96222/

Ten industry associations issued a communiqu calling on all OECD member states to set out clear plans for nuclear energy deployment. "We congratulate those OECD member states that signed the Declaration to Triple Nuclear at COP28. We urge all OECD member states to set out clear plans for nuclear energy deployment that would fulfil the targets they have set through the UNFCCC process and to demonstrate their commitment to nuclear energy, giving clear signals to markets and investors." world-nuclear-news.org/articles/indus

BlackRock, Global Infrastructure Partners (GIP), Microsoft, and MGX announced the Global AI Infrastructure Investment Partnership (GAIIP) to make $100 Billion investments in new and expanded data centers to meet growing demand for computing power, as well as energy infrastructure to create new sources of power for these facilities. “Mobilizing private capital to build AI infrastructure like data centers and power will unlock a multi-trillion-dollar long-term investment opportunity,” said Larry Fink, Chairman and CEO of BlackRock. “Data centers are the bedrock of the digital economy, and these investments will help power economic growth, create jobs, and drive AI technology innovation.” Nuclear is certain to benefit as the only sure-fire 24/7 reliable carbon-free baseload power source available today to meet Net-Zero emissions requirements for data center expansion. global-infra.com/news/global-in

All nine candidates in the running to become Japan's next prime minister have expressed support for Nuclear power, signalling a major turnaround in public support for Japan's plan to restart its reactor fleet and build new reactors to achieve energy security and Net-Zero emissions amidst rapidly increasing electricity demand. financialpost.com/pmn/business-p

Saudi Arabia is forging ahead to build its first Nuclear power plant with a target of deploying up to 17 Gigawatts of Nuclear capacity by 2040. Bids were recently solicited for its first 2.9 Gigawatt NPP. “The Kingdom continues to implement its national nuclear energy project with all its components, including the construction of its first nuclear power plant to contribute to the national energy mix" energycentral.com/news/saudi-ara

Rwanda has begun negotiations with Russia’s Rosatom regarding the establishment of a Nuclear Science and Technology Center and construction of its first Nuclear power plant. news.az/news/rwanda-in

In response to an EU requirement to phase out coal by 2050, which it relies on for 70% of its power, Serbia is considering restarting their Nuclear energy program and lifting their reactor construction moratorium. Serbian President Aleksandar Vucic is a firm advocate for shifting to nuclear energy, saying transitioning to nuclear energy sources is critical to meeting the nation's significantly increasing electricity demand for AI and electric cars. themercury.com/news/national/

Lithuania's Energy Institute (LEI) and U.S. Department of Energy (DOE) have signed a Statement of Intent to strengthen scientific research and development in the field of civil nuclear energy, opening opportunities for collaboration in areas such as advanced small modular reactor technologies. lei.lt/en/u-s-departm

Slovenia has signed two agreements with France on cooperation in the use of civil Nuclear energy, recognizing the key role that Nuclear energy plays in achieving climate neutrality in Europe by 2050 and ensuring greater energy independence. balkangreenenergynews.com/slovenia-franc

Vietnam is once again considering the use of Nuclear power to ensure energy security and reduce emissions, adding the deployment of small modular reactors of up to 300MW capacity in a draft amendment to its national power plan. vnexpress.net/chinh-phu-giao

Sweden has launched at study into extending its Oskarshamn-3 Nuclear plant from 60 to 80 years. world-nuclear-news.org/articles/exten

Innovation Saskatchewan is investing $400,000 in the Sylvia Fedoruk Canadian Centre for Nuclear Innovation (Fedoruk Centre) to support and expand nuclear research in Saskatchewan. saskatchewan.ca/government/new

The Government of Saskatchewan and the International Brotherhood of Electrical Workers (IBEW) are providing the opportunity for a new workforce to be trained for future opportunities in Nuclear power generation, launching a new apprenticeship training program in 2025. Last year, the provincial government granted $80 million to the Saskatchewan Research Council to pursue a Nuclear microreactor project in Saskatchewan. sasktoday.ca/north/local-ne

The largest annual climate event of its kind, Climate Week NYC, kicks off this week from 22 to 29 September in partnership with the United Nations and the City of New York, bringing together over 600 events and activities – in person, hybrid and online. Each year, business leaders, political change makers, local decision takers and civil society representatives of all ages and backgrounds, from all over the world, gather to drive the transition, speed up progress, and champion change. Nuclear energy figures prominently this year with a 25 September Nuclear Symposium "Uplifting Humanity" taking place at the Cornell Tech Campus in New York which will be simulcast globally, bringing together leaders to discuss scaling up Nuclear energy and featuring major announcements & discussions with business, government, and climate experts. Uranium Energy Corp is a major sponsor with CEO Amir Adnani giving a talk on environmentally sustainable Uranium mining. nuclearsymposium.com

Net Zero Nuclear

@NZNGlobal

is hosting a forum on "Financing the Tripling of Nuclear" at Climate Week NYC on 23 September at New York's Rockefeller Plaza. The event brings together industry, finance, and policymakers to discuss the future of Nuclear reactor construction financing to achieve the goal to triple Nuclear by 2050. Big reactor build-out news on the horizon? netzeronuclear.org

And that's just ONE WEEK of Nuclear & Uranium News! Good luck with your research and investments!

11:39 AM · Sep 22, 2024

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Comment by GSTbay1060 on Sep 22, 2024 3:28pm

Mangoe. I asked for someone to articulate a BEAR case. I need to understand why folks would be shorting this sector now. What Quakes posted was just the news from last week? If so I would think the shorts must be getting concerned??? But until either yca, sput or fuel buyers start to purchase and the price starts to rise I cation folks this could be another false start??? Or not??? We have ...more

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