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

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Post by mangoe on Dec 15, 2024 8:19pm

🤠🐂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 & plans for new builds, plus supply disruptions & more amidst an accelerating #AI-driven Nuclear Resurgence. Here's a recap:

Mexico's state-owned Nuclear utility CFE appears to be the first major casualty of the US/Russian enriched Uranium (EUP) import/export bans. Russia's Tenex has declared force majeure to cancel CFE's EUP shipment from Russia to the US for fabrication into reactor fuel for a March 2025 fuel loading at Mexico's Laguna Verde Nuclear plant. CFE is now scrambling to secure replacement EUP for fabrication ASAP. energyintel.com/00000193-c0b7-

Japan's 820MW Shimane-2 Nuclear reactor was restarted to begin producing 24/7 carbon-free electricity for the first time since it was shutdown over 12 years ago. Japan now has 14 operating reactors(13.25GW) consuming Uranium fuel japantimes.co.jp/news/2024/12/0

Last year 5.5% of Japan's electricity came from Nuclear power but now the nation's new amended Energy Policy plans a near 4-fold increase to a target of 20% Nuclear by 2040, reversing the previous plan to reduce Nuclear capacity in Japan's energy mix. nucnet.org/news/new-energ

Swiss utility Axpo announced plans to invest a further US$400 million to enable its two Westinghouse reactors at the Beznau Nuclear power plant to operate until 2033. world-nuclear-news.org/articles/bezna

The bipartisan US Commission on Nuclear Energy & American Leadership has issued 21 specific recommendations to the incoming Trump administration, "aimed at restoring the United States to the global leadership we once enjoyed." The recommendations include "The Secretary of Energy should fully implement the Nuclear Fuel Security Act and act urgently to ensure that the United States will no longer be dependent on foreign state-owned minerals and materials for critical elements of the nuclear fuel cycle, including through the construction of a domestic uranium enrichment facility able to support both commercial and US national security requirements." councilonstrategicrisks.org/2024/12/10/nuc

The US EIA released its Q3/2024 Domestic Uranium Production Reportconfirming that "US Nuclear reactors rely heavily on uranium imports, as domestic production of the material is virtually non-existent." The US reactor fleet consumes nearly 13 Million lbs U3O8 equiv every quarter, yet in Q3 the US produced just 121,296 lbs, less than 1% of its fuel requirements. eia.gov/uranium/produc

In 2023 the US imported 95.4% of the Uranium consumed by world's largest Nuclear fleet, with 25.5% shipped in from Canada. Canada hA made clear that it's willing to levy taxes on US U3O8 exports in response to Trump's tariff threat. bnnbloomberg.ca/investing/comm

Scott Nolan, Aerospace engineer & founding investor in Elon Musk's SpaceX, has launched a new startup company 'General Matter' to produce low-cost US-made high-assay low-enriched Uranium (HALEU) advanced Nuclear reactor fuel to help end Russia's monopoly. San Francisco's General Matter is 1 of 4 companies awarded contracts to produce enriched Uranium for US Dept of Energy's $2.7 Billion HALEU procurement program. Scott expects Nuclear energy will be an important part of Trump's efforts to expand US baseload power. reuters.com/technology/spa

The US Dept of Energy has selected 6 companies to supply $3.4 Billion in American-made Low Enriched Uranium (LEU) through contracts intended to boost US domestic production of reactor fuel made from US & allied mined uranium. "Through these contracts, DOE will acquire Low-enriched Uranium generated by new domestic sources—either at entirely new facilities or from projects that expand existing capacity. All contracts will last for up to 10 years & each awardee receives a minimum $2M contract." energy.gov/ne/articles/bi
Sprott Physical Uranium Trust announced that 2 more brokers (Canaccord Genuity & BMO Nesbitt Burns) have been added as sales agents for their US$1 Billion 'At-the-Market'(ATM) program used to raise cash to fund additional Spot U3O8 purchases. Under the terms of the amended ATM sales agreement, there are now 4 sales agents (Cantor Fitzgerald, Virtu, Canaccord & BMO) that can be authorized to issue new SPUT shares for cash whenever SPUT's managers notify them as to the number of shares they can issue at a minimum share price that is NOT less than the most recently calculated NAV per trust unit, thereby ensuring no dilution of SPUT's NAV. US$689,379,161 of the $1 Billion ATM is still available to be issued to raise cash for more physical U3O8 stacking. x.com/quakes99/statu

US Westinghouse is building out its Canadian Nuclear footprint as it eyes Canada's expansive newbuild market that could potentially see sales of Westinghouse's entire reactor portfolio: the large AP1000, the AP300 small modular reactor (SMR) and the eVinci microreactor. Westinghouse is expanding its Canada-based supply chain and lining up Canadian export credit agency (ECA) funding from Ottawa to backstop the Canadian supply chain in the three-unit AP1000 plant Westinghouse hopes to supply Poland. These steps may help Westinghouse further identify as Canadian— like both of its owners — as it pitches itself to the nascent large nuclear newbuild programs. energyintel.com/00000193-bd1f-

The US Nuclear Regulatory Commission has published a paper on how small modular reactors built at a factory might get their Nuclear fuel and undergo limited testing there before being shipped to the final power plant for installation. x.com/NRCgov/status/

France's Bpifrance Assurance Export and Sfil have joined the growing list of overseas financial institutions expressing interest in helping to finance Poland's first nuclear power plant project. Meanwhile, a poll shows record public support for nuclear energy in Poland. world-nuclear-news.org/articles/franc

Microreactor developer Last Energy has received a letter of intent from the Export-Import Bank of the United States for US$103.7 million debt financing relating to its PWR-20 Nuclear project in South Wales in the UK. Last Energy announced agreements for 34 PWR-20 units in 2023 and began 2024 with agreements for 50 units. Of the agreements, 39 of the 80 units are slated to be built to serve data centre developers. The company says its goal is to build 10,000 units in the next 15 years. world-nuclear-news.org/articles/last-

Australia's opposition leader Peter Dutton has put forward a $331 Billion dollar plan to build 7 Nuclear power plants over the next 25 years in an effort to replace coal with 24/7 reliable clean carbon-free baseload power. miningweekly.com/article/austra

US Energy Northwest has selected Canada's AtkinsRalis Group Inc for engineering its Nuclear small modular reactor development project in Washington state. The public power agency owns and operates the Columbia Generating Station and recently announced an agreement with Amazon and X-energy for an initial development of 4 advanced small modular reactors (SMRs) generating about 320 MWe, with an option to treble that number to 12 reactors. world-nuclear-news.org/articles/atkin

GoviEx Uranium has commenced arbitration proceedings against Niger, on the basis that the State of Niger breached its legal obligations when it withdrew the company's mining permit for the Madouela uranium project earlier this year. world-nuclear-news.org/articles/govie

Canadian Nuclear Laboratories has signed a letter of understanding with Canada's government-to-government contracting agency Canadian Commercial Corporation to collaborate on the pursuit of international commercial opportunities for Canada's Nuclear industry. world-nuclear-news.org/articles/partn

The US Nuclear Regulatory Commission (NRC) has approved a Urenco USA (UUSA) License Amendment Request (LAR) allowing them to increase uranium enrichment levels up to 10% U-235. urencousa.com/news/sustainab

BWXT Canada and Westinghouse have signed an MOU to support Nuclear new-build projects in Canada and globally. BWXT has the potential to manufacture key AP1000® and AP300™ reactor components, including steam generators, reactor vessels, pressure vessels and heat exchangers. bwxt.com/news/2024/12/1

GE Vernova’s BWRX-300 Small Modular Reactor (SMR) design has passed a significant regulatory milestone in the UK after receiving Step 1 Generic Design Assessment approval. gevernova.com/news/press-rel

US-based engineering company Amentum and Norwegian consulting firm Multiconsult Norge AS have been appointed by Halden Kjernekraft AS to evaluate the potential for constructing a small modular reactor at Halden in southeast Norway world-nuclear-news.org/articles/firms

Utah Governor Spencer Cox announced a $20 million proposal to boost the state's reliance on Nuclear power as a more realistic option than solar and wind. spglobal.com/commodity-insi

Poland is doubling down on Nuclear, announcing plans for construction of a second multi-gigawatt Nuclear power plant, as well as a separate program to deploy Small Modular Reactors (SMR's). biznes.interia.pl/gospodarka/new

Argentina's President Javier Milei announced that "Argentina is poised to become a global hub for artificial intelligence, attracting major investments from the world’s top companies. AI’s energy demands will drive a global resurgence in nuclear energy, and Argentina won’t be left behind. We’ll launch a nuclear plan focused on new reactors and research into modular technologies, maintaining top safety and efficiency standards. Dr. Reidel will present this plan soon, positioning Argentina at the forefront of AI and nuclear innovation." x.com/MarioNawfal/st

Canada's "about to break out" Uranium miner Cameco $CCJ in a newly emerging AI-driven Nuclear energy bull market was a day-long CNBC investing theme featured in 4 different Pippa Stevens segments live from the world's highest grade Uranium at Cigar Lake, Saskatchewan x.com/quakes99/statu

UK Energy Secretary Ed Miliband has been watching U.S. tech companies striking deals with operators and developers of Nuclear power plants, and now says he’s eager to pursue similar projects in the U.K. “My message is clear: if you want to build a nuclear project in Britain, my door is open!” forbes.com/sites/robertol

Westinghouse welcomed up to $2.02 billion in financing from Export Development Canada (EDC) to support building Poland’s first AP1000 Nuclear power plant. Westinghouse will help facilitate the potential financing for Polskie Elektrownie Jadrowe (PEJ), the state-owned company responsible for developing the plant at the Lubiatowo-Kopalino site in Pomerania. info.westinghousenuclear.com/news/westingho

The US Nuclear Regulatory Commission has approved the instrumentation and control platform for Westinghouse Electric Company's eVinci microreactor. "The groundbreaking approvals make the eVinci microreactor the first and only microreactor with an NRC-approved I&C system, opening a path to autonomous operation." world-nuclear-news.org/articles/us-re

Tractebel has signed a contract with Finnish technology developer Steady Energy to provide engineering services to develop Steady Energy’s LDR-50 Nuclear SMR, aimed at providing clean district heating and industrial steam. Steady Energy has already struck agreements for 15 new reactors in Finland and is expanding to Sweden and the Baltics. euronuclear.org/news/tractebel

Indonesia has identified 29 sites where its first Nuclear power plants can be built to achieve NetZero Energy Security by 2060. "Without nuclear, we will not be able to achieve our economic growth target." en.antaranews.com/news/337576/en

Uranium Energy Corp $UEC Completes Acquisition of Rio Tinto's Sweetwater Plant and Wyoming Uranium Assets in the USA uraniumenergy.com/news/releases/

France's Framatome has signed a Design Cooperation Implementation Arrangement for the development of sodium-cooled fast reactors with Japan's Atomic Energy Agency, Mitsubishi Heavy Industries and Mitsubishi FBR Systems. world-nuclear-news.org/articles/frama

Uranium equities may be down in the dumps on typical year-end market chaos, but the Nuclear & Uranium news flow is still 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, over the next 2 weeks would seem to be a good time to take advantage of the deep discount prices on offer to build up your portfolio of Uranium mining stocks heading into 2025!

Good luck with your research & investments!