Concept art of the Chalk River near surface disposal facility for LLW. (Image: CNL)
The Canadian Nuclear Safety Commission has decided to amend Canadian Nuclear Laboratories’ operating license for the Chalk River Laboratories, allowing the construction of a near surface disposal facility (NSDF) for low-level radioactive waste on the nuclear research site in Deep River, Ontario.
Urenco UK’s Capenhurst enrichment site, which received a grant in July 2023 to prepare for HALEU enrichment. (Photo: Urenco UK)
The United Kingdom’s Department for Energy Security and Net Zero announced plans on January 7 to invest £300 million (about $383 million) to build a high-assay low-enriched uranium (HALEU) enrichment facility in northwest England. The goal? To “end Russia’s reign as the only commercial producer of HALEU.” Britain is now the first European country to declare that it will begin HALEU enrichment in a bid for supply chain security.
Heysham-1 nuclear power plant and visitors center. (Photo: EDF)
French energy supplier Électricité de France announced this week it will invest $1.7 billion to keep its U.K. fleet in production through 2026.
Oak Ridge crews will begin demolition of the 325,000-sqaure-foot Alpha-2 facility this year, marking the first teardown of a former uranium enrichment facility at Y-12. (Photo: DOE)
The Department of Energy announced that its Oak Ridge Office of Environmental Management (OREM) is moving ahead with a slate of projects this year that will alter the Tennessee site’s skyline, remove inventories of nuclear waste, and complete a major phase of cleanup.
Bavarian minister of state Florian Herrmann (left) with ITM CEO Steffen Schuster (right) and others at a mock-up Lu-177 hot cell. (Photo: ITM)
Radiopharmaceutical biotech company ITM Isotope Technologies Munich announced it has received regulatory approval to begin production of the medical radioisotope lutetium-177 at the company’s NOVA facility in Neufahrn, near Munich, Germany.
The HL-2M tokamak reactor, developed by the CNNC’s Southwestern Institute of Physics. (Photo: CNNC)
The government of China has formed a new national industrial consortium focused on the development and advancement of nuclear fusion technology, news outlets have reported.
[Click to see full graphic] Western base demand (white line) for uranium will continue to outpace the combined existing production (dark green), secondary supply (middle green), and returning mine production (light green) through 2040, according to projections. (Image: Paladin Energy)
Investors continue to be bullish on uranium, according to a number of recent news reports. Stockhead recently trumpeted, “Uranium has started 2024 the same way it ended 2023—like a bull in a china shop. Spot prices are now agonizingly close to US$100/lb for the first time since 2008, with term pricing not far behind.” Similarly, Mining.com noted, “The spot price of uranium continues to rise, boosted by pledges to triple nuclear power by mid-century, supply hiccups from producers such as Cameco . . . , and the looming threat of a ban on Russian exports to the West.”