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The Nuclear Innovation Alliance believes that an increase in the domestic production of nuclear energy in America will help the country achieve 100% clean energy by 2050. The organization believes that this increase is achievable, which is why it’s urging the Department of Energy to launch an advanced nuclear energy program under its Energy Earthshots … Continue reading “Nuclear Organization Calls for Increased Domestic Production of Nuclear Energy”

Uranium is an essential commodity needed as the world transitions from the use of fossil fuels. Despite this need, the U.S. Securities Exchange Commission (SEC) rejected an application made by the Sprott Physical Uranium Trust that would have allowed the trust to become the first fund to trade on the exchanges in the United States. … Continue reading “Uranium Still Lures Investors Despite SEC Turning Down Sprott’s Listing Application”

Last week, Bank of America released a research note showing that spot prices for uranium had increased significantly since Russia invaded Ukraine in February. Russia plays a central role in the international uranium supply chain, making up over 15% of total uranium supplied this year. In terms of enrichment, Russia makes up roughly 45% of … Continue reading “Bank of America PROJECTS That Uranium Prices Will Spike More Than 50% in 2022”

In a move that could deal a blow to America’s dependency on foreign nations for heavy rare earth minerals, mining and refining, specialty chemicals company Evolution Metals has announced the acquisition of massive Argentinian uranium deposits. Evolution Metals announced recently that it had acquired a major position in UrAmerica, a UK-based private critical metals exploration … Continue reading “American, UK Companies Collaborate to Develop Massive Uranium Deposits in Argentina”

X-energy is a nuclear reactor and fuel design engineering company that develops nuclear reactor designs. TRISO-X LLC, an X-energy subsidiary, recently chose Oak Ridge’s Horizon Center Industrial Park in Tennessee as its construction site for a nuclear reactor fuel facility. The Department of Energy chose X-energy as a recipient for funding through the Advanced Reactor … Continue reading “First HALEU Production Facility in the US to Be Built in Tennessee”

During this year’s CRU World Copper Conference, Erik Heimlich stated that the international copper industry would need to invest more than $100 billion into mine construction in order to close a yearly supply deficit of 4.7 million tons by 2030. CRU Group is an intelligence company that provides management consultancy and market analysis services for … Continue reading “$100 Billion Investment Needed to Address Copper Supply Deficit”

The gold industry in Russia is looking for new ways to sell this metal, including by exporting more of the precious metal to the Middle East and China.This comes as sanctions restrict its traditional sales routes after the Eastern European country invaded Ukraine in February. Russia, which is the second-largest gold miner in the world, … Continue reading “Russia Seeks New Markets for Its Gold as Sanctions Bite”

Orano SA, a multinational nuclear fuel cycle company, has responded to a request for information made by the U.S. Department of Energy, stating that fixed demand for HALEU high-assay, low-enriched uranium (HALEU) was one of the major obstacles that needed to be overcome in order to achieve sustainable production. The request for information was issued … Continue reading “Orano Emphasizes Steady Demand as Crucial to Sustained Supply of HALEU”

The transition to the use of clean energy in the United States has led Democrats to call for more mining, with experts agreeing that for a much faster transition away from the use of fossil fuels, more mining needs to be done to help build new transportation and energy systems. Recently, President Joseph Biden ordered … Continue reading “Democrats Go All Out in Support of Mining”

Russia’s invasion of Ukraine has affected the supply of a number of commodities, with Canada recording an increase in the demand of uranium and potash, according to Jonathan Wilkinson, the country’s minister of Natural Resources. Uranium is used by most nations in Europe as well as the United States to generate power while potash is … Continue reading “Canada Sees Rise in Demand for Uranium, Potash as Ukrainian War Rages On”