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Cameco, the biggest publicly traded uranium company in the world, recently announced its plans to resume operations at its McArthur River mine. The mine, which is located in northern Saskatchewan, halted production in 2018. The mine was placed in care and maintenance mode soon after. Cameco CEO and president Tim Gitzel stated last week that … Continue reading “Cameco to Resume Operations at McArthur River Mine”

The final version of the EU Taxonomy Regulation’s Complementary Delegated Act was recently presented by the European Commission. The version contains certain nuclear and gas activities and includes a few minor adjustments from the draft, which was leaked last year. The commission started consultations on a draft text of the Complementary Delegated Act with the … Continue reading “EU Commission Publishes Text Cementing Nuclear’s Role in Energy Transition”

Last year, the price of uranium rose by 45%, going from about $29 per pound at the start of the year to $50 per pound in September. This increase followed growth in 2020, which saw uranium go from $24 in January to $30 by year’s end. Despite not being able to maintain that $50 level, … Continue reading “Uranium in 2022: How High Can Prices Go?”

Last week, Bill Gates’ nuclear company put pen to paper on an agreement with Japanese companies for a joint nuclear project. The project will see the U.S. energy startup TerraPower partner with Mitsubishi Heavy Industries (“MHI”), Mitsubishi FBR Systems (“MFBR”) and the Japan Atomic Energy Agency (“JAEA”). It is through this transnational collaboration that Japan … Continue reading “US, Japanese Companies Agree to Expedite Development of Fast Reactors”

A policy review conducted by the International Energy Agency (IEA) has found that the electricity system in Canada is one of the cleanest globally, which is mainly because of the country’s use of nuclear and hydro power. IEA executive director Fatih Birol expressed the organization’s support for the Canadian government’s clean energy transition and lauded … Continue reading “International Energy Agency Lauds Canada’s Efforts in Clean Energy Transition”

The exploration budgets of uranium companies had been steadily declining since 2011, but the recent rosy outlook of the metal has caused a reversal of this trend. According to S&P Global Capital, exploration budgets for uranium increased by 10.7% year-on-year in 2021. When that increase is broken down by country, Canada emerges as the leader … Continue reading “Uranium’s Bull Run Triggers Investment in Exploration”

Freakish Midwest tornados, devastating wildfires, extreme droughts, abnormal floods – all signal the onset of a changing global climate. There’s overwhelming concern about climate change, but it’s difficult to achieve consensus on actions to mitigate it. The COP 26 UN Climate Change Conference last November was a step in the right direction, spurring global commitments … Continue reading “Much Maligned Uranium Could Save the Planet”

Protests in Kazakhstan, which began last week, have caused a surge in the price of uranium, with data released by UxC showing that the price of the radioactive metal increased to $45.20. Kazakhstan is the biggest producer of uranium globally, producing more than 40% of the world’s uranium. The Central Asian country restricted some travel … Continue reading “Kazakhstan Unrest Triggers Surge of Uranium Prices”

The new coalition government in the Netherlands has made the use of nuclear power a key objective in its energy and climate policy. In their statement, the Christen Unie, CDA, D66 and VVD parties wrote that their objective was to strive to make the country and the planet habitable as well as livable. The parties … Continue reading “New Netherlands Government Makes Nuclear Energy Key Objective in Plans”

In a recent interview, CEO of Sprott Asset Management John Ciampaglia stated that he foresaw a bull run for uranium this year. Sprott’s Physical Uranium Trust is the sole publicly listed fund that invests in physical uranium in North America. The Toronto-based company was launched last year in July and has grown its assets to … Continue reading “Sprott CEO Foresees Bull Run for Uranium in 2022”