X-energy has officially closed its Series C-1 funding round, which was announced publicly in October when Amazon’s Climate Pledge Fund and partners committed ~$500M. The grand total for the round is a whopping $700M, which is expected to go toward reactor development and licensing, building the TRISO-X fuel facility, and pursuing commercialization opportunities for the […]
Sweden is moving forward with plans for a nuclear-powered future after breaking ground on a final storage site for spent nuclear fuel. The Swedish Nuclear Fuel and Waste Management Company (SKB) got started last week on a spent fuel repository (SFR) near the Forsmark Nuclear Power Plant. Once complete, the repository will be the second-of-its-kind […]
The results are in: The spot price of uranium at the end of 2024 rang in at $72.63 per pound. If you’ve been tracking the uranium market’s highs and lows over the last year or so, that seems like a significant drop. At the beginning of 2024, short-term prices were coming in at more than […]
The US is gearing up for another nuclear revolution, but there are a few snags in those plans. Over the last year, concerns have been rising over the continued availability of uranium to power the existing and future fleets of American reactors, and the DOE has been working to ensure that the domestic supply chain […]
The need for uranium produced by friendly faces has become more urgent this year with the bilateral ban on Russian uranium heading to the US. The push for new nuclear stateside shows no signs of slowing, so there’s a looming need for increased uranium supply to fuel the fleet. NexGen Energy, a Canadian uranium producer, […]
The US is pushing for more domestically produced uranium fast, as its longstanding reliance on Russian imports is coming to a ban-induced end. Centrus Energy is gearing up to make that happen. Last week, the US uranium enricher and fuel producer announced that it would invest $60M into expanding a manufacturing facility in Oak Ridge, […]
The US is one step closer to a domestic supply chain for high-assay low-enriched uranium (HALEU). Five months after a ban on Russian uranium imports freed up $2.7B in federal funding, the DOE has picked four companies to handle domestic production. Drumroll please…the winners are: Each company will receive a minimum of $2M funded by […]
The China Atomic Energy Authority (CAEA), the federal agency overseeing nuclear energy development, began construction of the country’s largest-ever uranium project in the Ordos region on Friday. The new project ties in nicely with China’s rapid construction of new nuclear as it pursues homegrown green energy.
It’s been a big week for new uranium production prospects around the globe, with three big announcements coming from the US, Kazakhstan, and Kyrgyzstan. We’ve got you covered with the roundup.
It’s official: The US is cutting off the flow of Russian uranium to its fleet of reactors.
