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Uranium Energy Corp. is a uranium mining company. The Company advances in In-Situ Recovery (ISR) mining uranium projects in the United States and high-grade 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... see more

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Uranium Energy Corp > 🤠🐂The non-stop flow of uber-bullish #Uranium & #Nuclear #

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Post by mangoe on Oct 13, 2024 7:43pm

🤠🐂The non-stop flow of uber-bullish #Uranium & #Nuclear #

John Quakes

@quakes99 -

The non-stop flow of uber-bullish #Uranium & #Nuclear #energy news continued last week with more reactor life extensions, restarts & new builds planned and more enriched U to support the expanding Nuclear Renaissance. Here's my weekly news recap:

Canada's Nuclear Safety Commission has approved 2-year life extensions for 4 CANDU reactors at Ontario's Pickering Nuclear power plant to provide 2.1 Gigawatts of carbon-free energy until 2027, at which time they'll be upgraded to run another 30+ years! opg.com/story/opgs-pic

The Biden administration is working on plans to bring additional decommissioned US Nuclear reactors back online to help meet soaring demand for emissions-free electricity. Two restart projects are already underway, Holtec's Palisades nuclear plant in Michigan and Constellation Energy's Three Mile Island plant in Pennsylvania. Two other reactor restarts are now being investigated by the White House. reuters.com/sustainability

The US Department of Energy has awarded 6 contracts (of up to $800 Million in total over 10 years) to companies to convert gaseous High-Assay Low-Enriched Uranium (HALEU) into solid metal fuel for 2 advanced demonstration SMR's and other advanced reactors being developed for future US deployment. Contracts to produce the gaseous HALEU have yet to be awarded. energy.gov/ne/articles/bi

First Amazon, then Microsoft, now it's tech giant Google that is in talks with utilities in the US, Japan and other countries to asses using Nuclear to power its data centers, underscoring the surging interest in using atomic energy to feed the AI boom. bloomberg.com/news/articles/

The US Department of Energy is proposing adoption of a serial development approach for building a fleet of new Nuclear reactors. Emulating the demand-aggregation approach Boeing used for the 787 Dreamliner could create a “committed orderbook” of 5-10 new reactors of the same design and cut near-term deployment costs, DOE says. sightlineu3o8.com/2024/10/doe-pr

Utah Governor Spencer Cox has unveiled "Operation Gigawatt," an effort to boost Utah's energy supply by developing nuclear power in the state. "We have to do something bold. We have to change the way we develop power in the state of Utah to help ensure a clean, reliable energy supply" using Nuclear energy. fox13now.com/news/politics/

Calgary-based 'Energy Alberta' is in talks with the government of Alberta to build a 4,800 Megawatt Nuclear power plant near Peace River that would host up to 5 CANDU reactors, funded by the private sector. cbc.ca/news/canada/ed

Vietnam will begin construction of a 10MW Nuclear reactor in 2027 that will be used to produce cancer-treating radioisotopes and develop irradiation science to support its industrial & agriculture sectors. vietnamnet.vn/en/vietnam-tur

Canada's Cameco (TSX: $CCO NYSE: $CCJ) is holding off on increasing Uranium production at its Saskatchewan McArthur River & Cigar Lake mines, as needed long-term U3O8 prices "aren't there yet" while Nuclear fuel demand & supply risks are piling up. 98cool.ca/2024/10/12/cam

US Westinghouse and Canada's shipbuilding giant Seaspan have signed an MoU supporting the deployment of new AP1000® and AP300™ Advanced Nuclear Reactors in Canada and globally. Seaspan has the potential to manufacture key AP1000® and AP300™ reactor components. info.westinghousenuclear.com/news/westingho

US startup Blue Energy announced a plan to manufacture small modular Nuclear reactors in existing shipyards, slashing both costs and build time. The company has just completed a US$45 million Series A fundraise. world-nuclear-news.org/articles/us-st

Japan's Onagawa Nuclear power plant, the plant closest to the Fukushima earthquake epicenter in March 2011 that led to the shutdown of all reactors in the country, will be restarting reactor 2 by the end of October, resuming electricity generation in November. 13 of Japan's idled reactors are currently seeking approval to restart. japannews.yomiuri.co.jp/business/compa

Japan's top business lobby has called for nuclear power expansion as crucial to meeting the nation's rising industrial demand. “We’re deeply concerned that without nuclear power, companies will be forced to reduce domestic capital investment, and industries will hollow out." bloomberg.com/news/articles/

South Korea’s Nuclear Safety and Security Commission has approved the Korea Atomic Energy Research Institute's SMART100 small modular reactor (SMR) technology which is being developed for deployment in Saudi Arabia. globalenergyprize.org/en/2024/10/12/

Slovak power utility Slovenske Elektrarne and its partners have received a US$5 Million US government grant to support the selection of the best site for the construction of small modular reactors (SMR's) in the European country. nucnet.org/news/us-awards

Small modular reactor developer Steady Energy has signed an agreement with municipal energy company Keravan Energia to develop SMR's for Nuclear-powered district heating for a third city in Finland: Kerava. world-nuclear-news.org/articles/third

The US has beat out Russia in the competition to build Ghana’s first Nuclear reactor, in a deal Washington sees as prizing its technology over cheaper financing even as the West African nation keeps future options open. An agreement between Nuclear Power Ghana and Regnum Technology Group that uses NuScale Power LLC technology defeated rivals including Russia’s state-owned nuclear company Rosatom Corp. bnnbloomberg.ca/investing/comm

Small modular reactors offer a promising solution to the energy challenges in the data centre sector, and power from advanced Nuclear technologies could revolutionise the energy landscape according to a new White Paper issued by global industrial technology company Schneider Electric. world-nuclear-news.org/articles/white

Newly-updated “Pathways to 2050 – the role of Nuclear in a low-carbon Europe“ report conducted by Compass Lexecon has found that achieving the EU target of adding 150 Gigawatts more Nuclear by 2050 would lead to a faster reduction in CO2 emissions, lower energy system costs in the long term, a reduction in energy imports (gas, hydrogen) and greater security of supply: Save around 430 million tonnes of CO2 Save €310 billion in total energy system costs Reduce gas consumption by about 180 billion cubic metres Reduce dependence on hydrogen imports by up to 33% nucleareurope.eu/press-release/

Urenco has signed a contract with Nuclear technology developer Jimmy to supply low-enriched uranium plus (LEU+, enriched up to 10%) for its first high-temperature gas cooled (HTGR) 20MW micro reactor which can decarbonise industrial heat processes, planned for deployment in France. urenco.com/news/global/20

The €1.7 Billion +33% expansion of Uranium enrichment capacity at Orano's Georges Besse 2 plant in France has kicked off with the official laying of the foundation stone. The added 2.5M SWU will increase demand for mined Western U3O8 by 4,100tU (+10.7 Million lbs) per year. At the same time, Orano is ramping up its Conversion to UF6 capacity by nearly 6,000tU (+15.6 Million lbs U3O8) per year to nameplate 15,000tU/yr capacity ASAP. orano.group/en/news/news-g

Uranium enrichment services provider Urenco has installed the first new centrifuges as part of a 15% capacity expansion at its US Nuclear fuel enrichment plant in Eunice, New Mexico. world-nuclear-news.org/articles/urani

The first of two 30MW RITM-200 reactors has been successfully achieved start-up on the Yakutia Nuclear icebreaker, Russia's fourth Nuclear-powered icebreaker as it nears the end of construction. Three more of these vessels are also under construction. world-nuclear-news.org/articles/First

In a national referendum, more than 70% voted in favour of Kazakhstan, the world's largest Uranium producer, building its first Nuclear power plant. astanatimes.com/2024/10/kazakh

South Korea will study reviving the Bataan Nuclear power plant in the Philippines starting in January. The Bataan nuclear plant was completed decades ago, but was mothballed in the 1980s. bloomberg.com/news/articles/

Italy's Energy Minister is drafting legislation to reverse the nation's ban on Nuclear power by year-end and says that Italy's expertise with Nuclear remains at a high level as they embark on a new Energy Plan that adds Nuclear to provide 11% of the nation's energy mix by 2050. finance.yahoo.com/news/italy-nuc

As Italy moves to reverse its 2011 ban on Nuclear power it's now engaged in forming a new state-backed company to construct a fleet of new advanced reactors in partnership with US Westinghouse and French EDF. reuters.com/business/energ

On the one hand Spain is planning to phase out Nuclear power, but with the other hand they've signed a contract with Framatome to supply 9 Uranium fuel assembly reloads out to 2035 (and beyond if life-extended) for reactor 1 at Spain's Trillo Nuclear power plant. Watch for Spain to announce the reversal of its phase-out plan as demand for 24/7 carbon-free Nuclear power continues to soar to support the AI/data center boom. framatome.com/medias/framato

Germany's CDU and CSU political parties say that they are preparing for the return of Nuclear power with plans to reconnect the nation's shuttered reactors to the grid and build new reactors. They plan to launch an inquiry that will reveal how much damage the Green Party has inflicted on the country by its Nuclear exit. handelsblatt.com/politik/deutsc

Yet more delays for big new Uranium mine projects as the long-delayed, multi-billion dollar Zuuvch Ovoo (7 Million lbs/yr) Uranium mine in Mongolia under development by French Orano SA won't start production until at least 2030 instead of 2026 as planned. bloomberg.com/news/articles/

Processing plant equipment shipped via Nigeria is beginning to arrive at Global Atomic's Dasa Uranium mine site in Niger as government support continues. More than 1200 metres of mine development have now been completed, and 10,000 tonnes of development ore has been brought to the surface. Some 450 employees and contractors are now on site, expected to grow to over 900 next year. Debt financing discussions with a US development bank are progressing with confirmation of the approval schedule expected in October 2024, with the bank voicing its "intention to approve a debt facility for US$295 million". Dasa is scheduled to achieve commercial production in early 2026 and is currently projected to produce 68.1 million pounds U3O8 (26,194 tU) over a 23-year period. world-nuclear-news.org/articles/equip

enCore Energy celebrated the restart of its Alta Mesa Uranium processing plant and wellfield in south Texas, with George W. Bush, 43rd President of the United States, in attendance with 300 invited guests. x.com/enCoreEnergy_E

TD Cowen Securities held its Annual Uranium & Nuclear Energy Conference on October 8th attended by over 200 buy-side clients, with keynote presentations by Art Hyde of Segra Capital (An Asset Manager's Perspective) and the US Dept of Energy's Julie Kozeracki (US Outlook for New Nuclear - Updated Nuclear Liftoff Report); plus Q&A with 15 companies from across the Nuclear fuel cycle:

Cameco
Kazatomprom
Sprott Physical Uranium Trust
NexGen Energy
Uranium Energy
Denison Mines
enCore Energy
IsoEnergy
Uranium Royalty Corp
ATHA Energy
Nuscale Power
Oklo
Centrus Energy
Aecon Group
AtkinsRalis Group

A 21-page summary report with key highlights is available here: x.com/quakes99/statu

Again, that's just ONE WEEK of Nuclear & Uranium News!

U will find my 30 September-6 October news recap here: x.com/quakes99/statu

23-29 September news recap here: x.com/quakes99/statu

16-22 September news recap here: x.com/quakes99/statu

9-15 September news recap here: x.com/quakes99/statu

The Nuclear & Uranium news flow over the past month is signalling a watershed moment as the worldwide adoption & expansion of Nuclear energy to achieve #NetZero emissions, #EnergySecurity and enable a massive Big Tech/Data Center build-out has reached a tipping point. If U haven't already, imho, NOW is the time to build up your portfolio of Uranium mining stocks heading into a long bull run!

Good luck with your research & investments!

2:34 PM · Oct 13, 2024

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Comment

Comment by CLOUDER on Oct 14, 2024 3:12pm

O.M.GOSH, can`t the poeple in charge of the uranium buying for ALL of them COUNT? there is an EMERGENCY happening here ...THERE IS NOT ENOUGH SUPPLY going forward of URANIUM....and a hell of a lot of LEAD TIME to get it like 5 to 10 years, 2 or 3 years that you have now IS NOT LONG ENOUGH....WAKE THE F..K UP.

Comment

Comment by GSTbay1060 on Oct 14, 2024 3:39pm

You are so right!! But don't worry. The longer and longer they wait to come to the market, the worse it will be.. For them. Till they realize it we are subject to the roller coaster that is Uranium. glta dyodd

Comment

Comment by CLOUDER on Oct 14, 2024 3:46pm

with brown or blackouts and very high prices of electricity coming ,it is getting tiering of watching incompetent leaders playing havock with our future.

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Comment by GSTbay1060 on Oct 14, 2024 4:36pm

So let's profit from others foolishness? Or maybe I am just an old fool for believing that Uranium will be the driving force to power the world. It certainly won't be the solar farm owned by Duke energy that was designated in Florida by Milton. glta dyodd

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