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US-based Global Laser Enrichment (GLE), jointly owned by Australia’s Silex Systems (51%) and Canada’s Cameco (49%), has decided against responding to a US Department of Energy (DOE) request for the acquisition of high-assay low-enriched uranium enrichment (HALEU), which is not currently commercially available from US-based suppliers.

Source: NEI Magazine
Date: Saturday, 30 March 2024
Original article: neimagazine.com/news/newsgle-decides-against-haleu-development-11644720

In an interview for the World Nuclear News podcast NexGen Energy CEO and President Leigh Curyer set out the path ahead for what he calls their world-leading project in Canada, and gave his overview of the uranium sector's prospects.

Source: World Nuclear News
Date: Tuesday, 19 March 2024
Original article: world-nuclear-news.org/Articles/In-Quotes-NexGen-Energy-s-Leigh-Curyer-on-the-Rook

Four potential locations across Estonia, which could accommodate a nuclear power plant, have been identified by a finance ministry analysis. 

Source: NEI Magazine
Date: Friday, 14 April 2023
Original article: neimagazine.com/news/newsestonias-finance-ministry-identifies-four-possible-npp-sites-10756091

“Uranium 2022: Resources, Production and Demand”, widely known as the Red Book, is the 29th edition of the OECD Nuclear Energy Agency (NEA) and International Atomic Energy Agency's biennial report. The 568-page report presents the most recent review of world uranium market fundamentals and offers a statistical profile of the uranium industry. It includes 54 country reports on uranium exploration, resources, production and reactor-related requirements, 36 of which were prepared from officially reported government data and narratives, and 18 that were prepared by the NEA and IAEA secretariats.

Source: NEI Magazine
Date: Saturday, 08 April 2023
Original article: neimagazine.com/news/newsred-book-sees-modest-decrease-in-uranium-resources-but-expects-nuclear-capacity-to-increase-10741481

Annual capacity of idled mines stands at almost 30,000 tonnes Kazakhstan has limited output in recent years in response to a depressed uranium market, but is still the largest producer. Courtesy Kazatomprom. Global uranium mine production decreased by nearly 12% from 2018 to 2020 with major producing countries including Canada and Kazakhstan limiting total production in recent years in response to a depressed uranium market, according to the Nuclear Energy Agency.

In the latest edition of Uranium Resources, Production and Demand, known as the Red Book, the NEA says uranium production cuts deepened suddenly with the onset of the Covid-19 pandemic in early 2020.

Overall, world uranium production decreased from 53,501 tonnes of uranium (tU) in 2018 to 47,342 tU in2020 as producers instituted production cuts, followed by a slight increase to 47,472 tU in 2021. These planned reductions were greatest in Canada and Kazakhstan.

As of 1 January 2021, the annual production capacity of idled mines amounted to over 29,400 tU. These operations, which have all the necessary licences, permits and agreements for operation and have produced commercially in the past, could potentially be brought back into production relatively rapidly given appropriate market conditions.

Source: Nucnet
Date: Friday, 07 April 2023
Original article: nucnet.org/news/global-production-down-12-with-kazakhstan-by-far-world-s-largest-producer-4-4-2023

The "vast majority" of uranium delivered in the USA in 2021 was of foreign origin, according to the US Energy Information Administration (EIA). Uranium inventory held by US brokers and traders has grown for the second consecutive year, and has almost tripled since 2019.

Source: World Nuclear News
Date: Tuesday, 31 May 2022
Original article: world-nuclear-news.org/Articles/US-brokers-and-traders-increase-uranium-inventorie

The vast majority of uranium delivered in 2020 to the owners and operators of US civilian nuclear power reactors was of foreign origin, according to the latest annual report from the US Energy Information Administration (EIA). Nearly half (47%) of the uranium purchased during the year originated in Kazakhstan, Russia, and Uzbekistan, with 34% originating in Australia and Canada.

Source: World Nuclear News
Date: Wednesday, 26 May 2021
Original article: world-nuclear-news.org/Articles/US-uranium-purchases-slightly-up-for-2020-EIA

"The US uranium mining industry has the personnel and yellowcake processing plants on standby, and is ready to expand into new areas with discoveries that will provide hundreds of years of available uranium resources from a variety of secure sources," says Michael D. Campbell, chairman of the Uranium (Nuclear & REE) Committee of the Energy Minerals Division of the American Association of Petroleum Geologists (AAPG). "So let the drilling and processing begin."

Source: World Nuclear News
Date: Friday, 25 December 2020
Original article: world-nuclear-news.org/Articles/US-uranium-miners-ready-to-support-nuclear-power,

File photo of work at the Onkalo repository in Finland. Courtesy Posiva. Nuclear regulator Stuk has notified authorities in other countries that Finland intends to begin the final disposal of used nuclear fuel in the mid-2020s.

Stuk said it had notified countries that have supplied Finland with uranium for its nuclear power plants.

Stuk said normal verification inspections of nuclear materials cannot be performed once the materials have been finally disposed of, and so procedures related to inspections must be specified before final disposal begins.

Since Finland started up its first nuclear power reactors in the early 1970s, it has mainly sourced uranium from Russia, Australia, Canada and the US. Stuk maintains a national database of nuclear materials and oversees nuclear safeguards in Finland. The International Atomic Energy Agency and the European Commission control Finnish operations to ensure that they comply with the Nuclear Non-Proliferation Treaty.

Source: Nucnet
Date: Saturday, 07 November 2020
Original article: nucnet.org/news/regulator-notifies-fuel-supply-countries-of-final-disposal-plans-11-5-2020

Finland's Radiation and Nuclear Safety Authority (STUK) has notified the authorities in charge of radiation safety in the countries that have supplied the country with uranium for its nuclear power plants of Finland's intention to begin the final disposal of used nuclear fuel in the mid-2020s. Normal verification inspections of nuclear materials cannot be performed once the materials have been finally disposed of, and so procedures related to such inspections must be specified before the initiation of final disposal.

Source: World Nuclear News
Date: Saturday, 07 November 2020
Original article: world-nuclear-news.org/Articles/Finland-notifies-fuel-suppliers-of-final-disposal

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