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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 was running up

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Post by mangoe on Sep 29, 2024 5:13pm

🤠🐂Bullish #Uranium & #NuclearEnergy news was running up

John Quakes

@quakes99 -

Bullish #Uranium & #NuclearEnergy news was running up the score again last week as world bankers hit a #Nuclear Triple while big tech smashed western #Uranium demand out of the ballpark in a flurry of #AI home runs! Here's my weekly recap:

In one of the biggest 'game-changer' boosts to the global Nuclear Renaissance to date, last week at the New York City Climate Week event 'Financing the Tripling of Nuclear Energy' a group of 14 of the largest global banking institutions gave their financial support to the 25-nation COP28 pledge to triple Nuclear energy by 2050, recognizing that global civil nuclear energy projects have an important role to play in the transition to a low-carbon economy. The institutions included: Abu Dhabi Commercial Bank, Ares Management, Bank of America, Barclays, BNP Paribas, Brookfield, Citi, Credit Agricole CIB, Goldman Sachs, Guggenheim Securities LLC, Morgan Stanley, Rothschild & Co, Segra Capital Management, and Societe Generale. world-nuclear-news.org/articles/inter

Speaking at Climate Week NYC, GE Vernova CEO Scott Strazik said "We’re going to be adding gigawatts upon gigawatts of Nuclear capacity every year" heading into the 2030's. wsj.com/articles/ge-ve

Nuclear NY hosted a jam-packed Nuclear Symposium 2024 - Uplifting Humanity - at Climate Week NYC with expert panel discussions throughout the day livestreamed to thousands of participants, covering a wide range of topics from growing government policy and public support to accelerating reactor deployments and boosting the Uranium nuclear fuel cycle. x.com/nuclearny/stat

At last week's NYC Climate Week 'Nuclear Symposium 2024', the DOE announced that an updated version of the Department of Energy's Advanced Nuclear Liftoff Report, outlining the US plan to TRIPLE its Nuclear energy capacity (and Uranium demand) by adding 200 Gigawatts of new reactor capacity by 2050, is to be issued on Monday, September 30th. The report will lay out the key findings of new research demonstrating that "it's cheaper to decarbonize with Nuclear" when LCOE is adjusted "to capture the full benefit of 80-year clean firm operating assets." x.com/sollidnuclear/

The U.S. must TRIPLE Nuclear power to keep pace with clean power demand. America’s #coal communities could provide a cheaper, faster pathway by building 174 Gigawatts of new reactors at shuttered coal plants across 36 states. cnbc.com/2024/09/27/ame

In a CNBC interview, U.S. Energy Secretary Granholm acknowledged that Nuclear small modular reactors for powering AI are all but a full on "go" for the future.

"Hyperscalers for these big data centers all have commitments to clean energy too, and they don’t want to see themselves located in a community where their demand for power causes everybody else’s rates to go up." "They’re committed—telling us—to bringing that power with them, which is why the need for Nuclear small modular reactors, co-locating data centers with small reactors, or partnerships."

"For example, with Constellation and Microsoft for Three Mile Island to turn on more power. We’ve got a ton of Nuclear sites in this country that have been permitted for additional reactors that could be powering data centers as well. We’re working with those." zerohedge.com/markets/us-ene

"AI isn't going to happen without Nuclear," said Constellation Energy CEO Joseph Dominguez as the company invests $1.6 billion to revitalize Three Mile Island Nuclear Plant after securing a deal with Microsoft to power the tech giant's AI data centers, says US should copy China's plans to co-locate Nuclear power plants with new "multi-gigawatt" data centers. bloomberg.com/news/articles/

With Holtec restarting the Palisades Nuclear power plant in #Michigan & Constellation restarting Three Mile Island in #Pennsylvania, NextEra is now looking at restarting reactors at its Duane Arnold Energy Center to power new data centers in #Iowa. kcrg.com/2024/09/26/own

Following Microsoft's $16 Billion 20-year agreement to purchase power from a restarted Three Mile Island Nuclear power plant, Pennsylvania Governor Josh Shapiro urged regulators to fast-track the reactor's connection to the electrical grid. Shapiro wants the reactor to “be allowed to come online as quickly as possible rather than waiting in the queue as if they were an entirely new development.” zerohedge.com/markets/nuclea

Big Tech (Microsoft, Amazon, Google) is turning to Nuclear energy to meet skyrocketing carbon-free power needs for #AI and now Nvidia CEO Jensen Huang has joined in saying Nuclear would be "wonderful" to power its data centers. neowin.net/news/nvidia-ce

US computing tech giant Oracle wants to power a new data centre using Nuclear energy, says it already has building permits for 3 small modular reactors (SMR's). nucnet.org/news/oracle-sa

CEO confirms Google is working on large-scale data centers needing more than 1 Gigawatt of 24/7 carbon-free electricity amid the AI boom. He's 'optimistic' small modular Nuclear reactors (SMR's) might be used as capital flows in. powermag.com/google-could-u

OpenAI CEO Sam Altman was at the White House last week pushing the Biden admin to support his plan to build 5 to 7 new AI data centers, each needing an incredible 5 Gigawatts of 24/7 reliable carbon-free clean energy which Nuclear is best suited to provide. bnnbloomberg.ca/business/techn

Construction of another new Nuclear reactor in #China has officially been launched with concrete being poured for the 1.2 Gigawatt ZhangZhou unit 4 'Hualong One' reactor, one of 6 units planned to be built at ZhangZhou. world-nuclear-news.org/articles/fourt

With the launch of another new reactor build in China, the World Nuclear Association now reports 439 operable reactors (395GW), 67 under construction (73GW), 87 in advance planning/ordered (84GW) & another 344 proposed (365GW). 27 of the 67 reactors under construction are expected to come online by the end of 2026. world-nuclear.org/information-li

A $10 Million gift from Airbnb Co-Founder Joe Gebbia and Nuclear advocate Isabelle Boemeke to the Clean Air Task Force (CATF), the EFI Foundation (EFIF), and the Nuclear Threat Initiative (NTI) established a new Nuclear Scaling Initiative (NSI)—"a collaborative effort to catalyze and build a new nuclear energy ecosystem to scale to 50 or more gigawatts of clean, safe, and secure nuclear power per year by the 2030s, a tenfold increase of the current reactor deployment rate." nti.org/news/major-phi

Vice President Kamala Harris laid out her economic plan in Pittsburgh, saying advanced Nuclear was an example of a clean energy technology that will be prioritized by her administration. x.com/cornoisseur/st

Vice President Kamala Harris vowed to create a national stockpile of critical minerals, as part of a broader $100 billion industrial policy vision laid out on Wednesday that includes incentives to boost domestic production. “Increased domestic production will be paired with innovative and sustainable steps to build stronger critical mineral supply chains alongside our allies and partners, including by incentivizing investments that expand US & allied production of these resources.” bloomberg.com/news/articles/

Sam Altman-backed Nuclear startup Oklo received the greenlight to start site work for building its microreactor in Idaho, planned to come online in 2027. cnbc.com/amp/2024/09/25

Groundbreaking has kicked off construction at the #Idaho National Laboratory (INL) on Project Pele—the Department of Defense’s (DOD’s) full-scale transportable Nuclear microreactor prototype—in preparation for testing in 2026. When operational, the reactor will become the “first-ever Generation IV nuclear reactor to generate electricity in the U.S.” powermag.com/project-pele-d

The dream of building a factory in #Texas that will one day mass-produce 100 x 10MW Aalo-1 Nuclear reactors per year, a 1000MW/year "Gigawatt Factory", moved closer to reality with the grand opening of the Austin Reactor Factory HQ. x.com/MattLoszak/sta

Natura Resources is deploying a molten salt research reactor (MSRR) at Abilene Christian University in #Texas. They're also developing factory-produced, modular reactors for shipment via truck or rail anywhere in the world. naturaresources.com/about

Nucleoelctrica #Argentina says it has secured the necessary funds to carry out the 20-year life extension upgrade project for its Atucha-1 362 MWe pressurised heavy water reactor, shutting down to begin upgrades on 29 September after 50 years of operation. world-nuclear-news.org/articles/atuch

#Sweden's Prime Minister says Nuclear energy "is essential for doubling Sweden’s electricity production" and so the nation is set to begin construction of the first of 2 new large-scale reactors by 2026. Small modular reactors (SMRs) are also being planned at Ringhals. wenewsenglish.pk/sweden-to-begi

The #Philippines announced plants to build at least 1,200 megawatts of commercially operational Nuclear capacity by 2032, rising to 4,800 megawatts by 2050. energyconnects.com/news/utilities

#UK Energy Secretary Ed Miliband pledged last week to re-industrialise Britain with clean energy jobs and Nuclear energy. "I will use every lever we have to win jobs and build new industries for Britain... This future means jobs constructing the next generation of nuclear power stations." x.com/NIAUK/status/1

The UK government has selected 4 candidate technologies to compete in its flagship Small Modular Reactor (SMR) competition. Westinghouse, GE-Hitachi Nuclear Energy (GEH), Holtec Britain, and Rolls-Royce SMR remain in the running to receive potentially multi-billion-pound nuclear technology development contracts under the fast-track initiative aimed at delivering an operational SMR by the mid-2030s powermag.com/uk-smr-competi

Curtiss-Wright’s Nuclear Division and Westinghouse announced that they have signed a Memorandum of Understanding (MoU) to support Westinghouse AP1000® and AP300™ reactor construction projects in Canada. businesswire.com/news/home/2024

Ontario Power Generation announced that the four-unit Darlington Nuclear Reactor Refurbishment project was 86% complete, exceeding all safety, quality, schedule and financial forecasts. Unit 1 refurbishment is forecasted to complete ahead of plan, preparing to restart by the end of this year. opg.com/news/darlingto

The Korean-designed SMART100 small modular reactor design has been granted standard design approval by South Korea's Nuclear Safety and Security Commission. SMART is a 330 MWt pressurised water reactor with integral steam generators and advanced safety features, designed for electricity generation (up to 100 MWe) as well as thermal applications, such as seawater desalination, with a 60-year design life and three-year refuelling cycle. world-nuclear-news.org/articles/south

Westinghouse Electric Company and Bechtel welcomed the Polish governments intention to allocate 60 billion zloty (US$15.7B) to fund construction of the country’s first nuclear power plant. info.westinghousenuclear.com/news/westingho

The US Gateway for Accelerated Innovation in Nuclear (GAIN) announced that 4 companies will be provided vouchers, including for identifying sites to host advanced reactors and Nuclear-powered data centers. energy.gov/ne/articles/4-

Return to Nuclear energy in Germany? The US restart of Three Mile Island is causing a stir as CDU now calls for reactivation of Germany's Nuclear power plants and a halt to their decommissioning to ensure they can be restarted. merkur.de/wirtschaft/rue

The world's largest Uranium producer Kazatomprom spoke at the 'Financing the Tripling of Nuclear Energy Forum' in New York City last week saying that the forum was "yet another indicator that the uranium market fundamentals are stronger than ever" but warned that "by the middle of the next decade the uranium market will need another Kazatomprom-sized supplier to bridge the gap between supply and demand." kazatomprom.kz/en/media/view/

Deputy Prime Minister Novak confirms that #Russia is preparing a retaliatory ban on exports of "minerals and energy resources that are in high demand" and "in particular, Uranium" "The relevant proposals will be prepared in the near future” niasam.ru/ekonomika/ross

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

12:03 PM · Sep 29, 2024

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Comment by GSTbay1060 on Sep 29, 2024 7:12pm

Hard to fathom that list of news is from one week??? And with all of that positive news the spot hardly moves??? To me it just reinforces my belief that the only thing that really moves the Uranium equities is the buying of fuel. Either by the fuel buyers for the utilities or sput???? Next week maybe interesting so stay tuned!!! glta dyodd

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