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Denison Mines Corp is now fully permitted to recover a uranium-bearing solution from the Phoenix ore body at the Wheeler River project in northern Saskatchewan. The feasibility field test (FFT) will be a first-of-its-kind test and will help de-risk the planned in-situ leach (ISL) uranium mining operation.

Date: Thursday, 11 August 2022
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Nuclear provides ‘security and independence’, says CEO Tim Gitzel A tunnel at Cameco’s Cigar Lake uranium mine in Saskatchewan. Courtesy Cameco. The president and chief executive officer of Canadian uranium company Cameco – which this week announced higher-than-expected core profit amid increases in uranium prices – has warned of “too much focus” on intermittent renewables and dependence on energy supplies from Russia.

Tim Gitzel said the move to intermittent, weather dependent, renewable energy, has left some jurisdictions struggling with power shortages and spiking energy prices, or dependence on Russia.

“We are benefiting from higher average realised prices in both our uranium sales and our fuel services sales as the market continues to transition and geopolitics continue to highlight concentration of supply concerns,” Mr Gitzel said.

“The good news for us is that many are turning to nuclear – which provides safe, reliable, affordable, carbon-free baseload electricity while also offering energy security and independence.”

Date: Saturday, 30 July 2022
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Global Atomic has contracted distributed energy service provider Enernet Global Inc to supply a hybrid power plant for its Dasa uranium project currently under development in Niger. Meanwhile, Boss Energy is ramping up key construction and development work at its Honeymoon uranium project in South Australia.

Date: Tuesday, 26 July 2022
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Denison Mines has received approval from the Saskatchewan Minister of Environment to prepare, construct and operate the facilities required to carry out the in-situ leach (ISL) feasibility field test planned for the Phoenix deposit at the Wheeler River uranium project.

Date: Thursday, 14 July 2022
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The US Department of Energy’s (DOE’s) National Nuclear Security Administration (NNSA) has kick started a process to initiate a US strategic uranium reserve, by issuing a solicitation to purchase up to an estimated one million pounds of domestically-produced U3O8. The Request for Proposal (RFP) is for purchase of uranium "provided by a vendor that has produced uranium at a domestic uranium recovery facility at any time since 1 January 2009”. It defines a uranium recovery facility as a licensed uranium mining, in-situ leach or milling facility. The vendor is not required to be currently producing uranium.

Date: Thursday, 07 July 2022
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The US National Nuclear Security Administration (NNSA) has begun the process to initiate the USA's strategic uranium reserve, issuing a solicitation to purchase up to an estimated one million pounds of domestically-produced U3O8.

Date: Saturday, 02 July 2022
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China leading in nuclear power investment IEA director-general Fatih Birol presenting the World Energy Investment 2022 report at an online event this week. Image courtesy IEA. Global energy investment is expected to increase by 8% in 2022, well above pre-pandemic levels in 2019, but a much higher growth pace is needed for clean technologies, including nuclear, to be on track for a 1.5°C stabilisation of the rise in global average temperatures, a new report by the International Energy Agency (IEA) found.

The IEA’s World Energy Investment report said global energy investment this year is projected to reach $2.4tn (€2.28tn), with the bulk going into renewables and grids.

However, almost half of the increase in capital spending is linked to higher costs due to supply chain pressures instead of bringing additional energy supply capacity or savings.

Date: Friday, 24 June 2022
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Texas-based Uranium Energy Corp (UEC) has agreed to acquire Canadian company UEX Corporation to create a combined, diversified portfolio of uranium production and development assets.

Date: Wednesday, 15 June 2022
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The Central Design and Technological Institute (JSC TsPTI - part of Rosatom fuel company TVEL) on 18 May won the tender for the development of working documentation and performance of work at the Taboshar site of the Republic of Tajikistan as part of the implementation of the Interstate Target Programme "Reclamation of the territories of states affected by uranium mining industries". This relates to uranium legacy sites left by Soviet-era uranium production in Central Asia.

Date: Friday, 20 May 2022
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Country considering construction of first reactor Jordan has large uranium reserves with its central area alone, about 80 km south of the capital Amman, home to around 42,000 tonnes of uranium oxide. Courtesy Jumco. An extraction plant that began pilot operation last year has produced 20 kg of yellowcake from about 160 tonnes of uranium ore with large-scale production planned for the near future, the Jordanian Uranium Mining Company said, according to press reports.

Mohammad Shunnaq, general manager of the state-owned Jumco, said the factory would produce “tens of kilogrammes” of yellowcake from processing hundreds of tonnes of ore over the next few months.

He said Jordan had large uranium reserves and that its central area alone, about 80 km south of the capital Amman, was home to around 42,000 tonnes of uranium oxide. According to the Jordan Atomic Energy Commission, Jordan has estimated conventional uranium reserves of 140,000 tonnes.

Asked whether Jordan intended to produce large quantities of uranium for commercial purposes, Mr Shunnaq said: “Yes, that is possible. We will first embark on the large-scale treatment of thousands of tons of uranium ore, conduct feasibility studies, and then evaluate the commercial aspect of such operations.”

Date: Tuesday, 17 May 2022
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