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Collaborative Investment: TerraPower and ASP Isotopes announced a partnership for TerraPower to fund a HALEU production facility in South Africa, with ASP agreeing to a long-term supply contract to provide all HALEU produced for ten years. Exclusivity Clause: The...
Domestic HALEU Production: The Biden-Harris Administration, through the Department of Energy, announced contracts for the domestic production of high-assay low-enriched uranium (HALEU), essential for advanced nuclear reactors, aimed at improving efficiency and...
US Uranium Production Surge: In 2024, U.S. uranium production more than tripled, driven by concerns over foreign supply reliability, including Russia. The increase comes amid efforts to reduce dependence on Russian uranium imports, which are now banned under the...
Price forecast: $135 per pound by 2026 Global nuclear energy expansion boosting demand Supply constraints and geopolitical risks adding upward pressure Bank of America analysts have set a striking price forecast for uranium, predicting it could hit $135 per pound by...
HALEU (5-20% U-235) and LEU (3-5% U-235) are vital uranium fuels for nuclear reactors, medical research, and naval propulsion. The U.S. banned Russian uranium imports in May 2024, aiming to sanction Russia and boost domestic uranium production, which has significantly...