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The uranium market performed admirably in January due to increased demand for nuclear energy amid global energy shortages and soaring energy prices. Sprott recently released a report stating that the uranium market performed well in January, as the spot price of U308 uranium increased to $50.75 per pound from $48.31 last month and uranium mining … Continue reading “Report Shows Uranium Market Performed Well in January”

Uranium prices are poised to soar this year amid a resurgence in nuclear energy among major economies such as the United States. Nuclear energy has been losing popularity among developed nations for quite a while now, with countries such as Germany and Spain planning to phase out a majority of their nuclear power plants by … Continue reading “Nuclear Energy Revival Sparks Expectations of Price Surge for Uranium”

West Virginia is poised to play a major role in green energy after the state lifted a ban on the construction of nuclear power plants last February. As America and the world at large go through one of the most debilitating energy crunches in recent history, states such as West Virginia will allow the nation … Continue reading “Bill Gates Lauds Green Energy Industries in West Virginia”

The U.S. Department of Energy’s National Nuclear Security Administration (NNSA) has awarded a trio of companies with contracts to supply the country with domestically produced uranium oxide. The aim is to boost local uranium production to such a degree that the United States is not reliant on overseas suppliers for critical imports such as uranium. … Continue reading “Three US Firms Win Contracts to Supply Uranium Strategic Reserve”

According to data from HANetf’s Sprott Uranium Miners, uranium has been one of the best-performing asset classes of 2022, with October being an especially good month for the metal. The fund revealed that uranium spot prices went up by 24.12% over the year until Oct. 31, going up by 8.32% in October alone while the … Continue reading “Could Rising Uranium Prices Be Affecting Nuclear Energy Plant Profitability?”

Dozens of countries worldwide have pledged to transition away from dirty fuels such as coal and oil as part of global efforts to arrest climate change and global warming. Although solar, wind and geothermal energy are already poised to play a significant role in the green energy transition, nuclear energy hasn’t received as much attention. … Continue reading “Nuclear Industry Revives as Interest Grows, But New Mining Projects Aren’t Materializing”

National Atomic Company Kazatomprom, the largest producer and seller of natural uranium globally based in Kazakhstan, is planning to increase its quota limit on the trans-Caspian route. The company has used the Trans-Caspian International Transport Route since 2018 as an alternative to the route that passes through St. Petersburg. The primary reason for this was … Continue reading “Kazatomprom Plans to Increase Uranium Quota on Trans-Caspian Route”

Russia’s invasion of Ukraine has sparked an energy crisis so serious that nations in Europe have had to switch to nuclear energy in order to meet demand. For instance, Germany announced recently that it planned to keep its three remaining nuclear power plants running until April 2023. The country had planned to close down the … Continue reading “Russia’s Dominance of Nuclear Industry Is Impacting America’s Nuclear Plans”

The Idaho National Laboratory has come up with a new initiative that will  support economies and communities that are transitioning to the use of clean energy by enabling the communities to make suitable and informed choices. The initiative, titled the Emerging Energy Market Analysis, was developed by the lab in collaboration with the University of … Continue reading “New U.S. Initiative Will Help Communities Find Best Decarbonization Approach”

Several developed nations have passed a host of sanctions against Russia in a global bid to stop its misguided war in Ukraine. Months after Russia declared war on Ukraine and breached its borders, dozens of countries placed sanctions on Russian exports, limited the movement of Russian money and cut the country off from critical exports. … Continue reading “Washington Will Struggle to Fully Wean the US Off Russian Nuclear Fuel”