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Groundbreaking Underwater Laser-Cutting Technology: Developed by the Korea Institute of Machinery and Materials (KIMM), this innovative laser technology safely and precisely cuts through thick steel pressure vessels of nuclear reactors submerged in water, reducing the...
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...