Fuel

Clean Core Thorium Energy (Clean Core) announced November 12 that test rodlets of its patented thorium-uranium fuel design known as ANEEL (advanced nuclear energy for enriched life) have reached a burnup milestone in the Advanced Test Reactor (ATR) at Idaho National Laboratory.

Uranium prices have fallen to their lowest level in more than a month, to just under $79 per pound, on Friday, November 1, according to analyst website Trading Economics. The lower prices, according to the site, are related to recent evidence of increased supply. This contrasts with the longer-term expectations of bullish demand and higher prices.

TerraPower announced today that it has signed a term sheet with ASP Isotopes Inc. as the first step of a planned investment in the construction of a high-assay low-enriched uranium (HALEU) enrichment facility and the eventual purchase of HALEU produced at the facility to fuel its Natrium fast reactors.

If we needed more proof that this is a “nuclear week”—in the words of Energy Secretary Jennifer Granholm on Wednesday, as she announced small modular reactor funding while celebrating tech company investments in advanced reactors—the Department of Energy came through late yesterday when, just nine days after announcing six contracts for high-assay low-enriched uranium (HALEU) deconversion, it announced four contracts for HALEU enrichment services worth up to $2.7 billion. Those contracts are going to Centrus Energy’s American Centrifuge Operating subsidiary, General Matter, Orano Federal Services, and Urenco USA’s Louisiana Energy Services.

Oklo Inc. announced yesterday that a safety design report for the Aurora fuel fabrication facility the company plans to build at Idaho National Laboratory has the approval of the Department of Energy. At the facility, Oklo plans to use high-assay low-enriched uranium (HALEU) that has been recovered from used Experimental Breeder Reactor-II fuel to produce fuel for its first planned microreactor—dubbed Aurora—which is also set for deployment at INL.

The Department of Energy announced contracts yesterday for six companies to perform high-assay low-enriched uranium (HALEU) deconversion and to transform enriched uranium hexafluoride (UF₆) to other chemical forms, including metal or oxide, for storage before it is fabricated into fuel for advanced reactors. It amounts to a first round of contracting. “These contracts will allow selected companies to bid on work for deconversion services,” according to the DOE’s announcement, “creating strong competition and allowing DOE to select the best fit for future work.”

Uranium prices reached $81.9 per pound on October 1, the highest level in more than a month, according to online information source Trading Economics. The company reported that the last time prices were this high was on August 23, when they passed $82 per pound. Since the beginning of 2024, uranium prices have seen a decrease in price of about $9.10 per pound, or about 10 percent. Those statistics are based on trading on a contract for difference (CFD) that tracks the benchmark market.

BWX Technologies subsidiary Nuclear Fuel Services Inc. suspended operations last Friday at a Tennessee facility to assess conditions following Hurricane Helene. A company spokesperson said the site remained "in safe and secure condition."

Uranium prices were about $79.60 per pound as of the close of business on September 3, which put prices near their lowest level since November 2023, according to the website Trading Economics. Since the beginning of 2024, uranium prices have decreased $11.40/lb, or 12.53 percent, based on trading on a contract for difference (CFD) that tracks the benchmark market.

On September 4, Tennessee Gov. Bill Lee announced that Orano had selected Oak Ridge as its preferred site to build a “multibillion-dollar” uranium centrifuge enrichment facility. For Tennessee, the announcement underscores Oak Ridge’s draw for nuclear technology companies. For Orano and the nuclear power community, the announcement is another sign the nation is edging closer to adding front-end nuclear fuel cycle capacity.

The Department of Energy awarded $17 million on August 30 for 16 experiment and analysis projects expected to yield criticality data that will assist the Nuclear Regulatory Commission in licensing and regulating high-assay low-enriched uranium and the fuel infrastructure—including packaging and transportation containers—required to demonstrate and deploy HALEU-fueled advanced nuclear reactors. Project teams include six national laboratories taking lead roles in partnership with other labs, universities, and multiple industry partners.

BWX Technologies announced on August 26 that its Nuclear Fuel Services subsidiary had received a contract from the National Nuclear Security Administration for a yearlong engineering study of a pilot plant capable of testing a gas centrifuge uranium enrichment technology developed at Oak Ridge National Laboratory and producing domestic-origin enriched uranium the NNSA can use for multiple national security purposes. BWXT, which has a long history of providing fuel fabrication and downblending services for the federal government, has not—until now—included enrichment in its portfolio.

Uranium enricher Urenco welcomed representatives from the International Atomic Energy Agency to an August 19 event to mark the creation of an IAEA Centre of Excellence for Safeguards and Non-Proliferation at its Capenhurst, England, site. Representatives of the three nations with ownership stakes in Urenco—the United Kingdom, the Netherlands, and Germany—were joined by representatives from the United States, where Urenco also operates an enrichment plant. Urenco expects the new center to be fully operational in 2025.

Westinghouse Electric Company announced Aug. 8 that it has completed the first pressing of ADOPT nuclear fuel pellets at the company’s Springfields Fuel Manufacturing Facility in the United Kingdom. The pellets, which can contain up to 8 percent uranium-235 by weight, are destined for irradiation testing in Southern Nuclear’s Vogtle-2 pressurized water reactor.

Energy Fuels has paused transport of uranium ore from its mine south of the Grand Canyon in Arizona to a processing facility in Utah—a path that crosses Navajo Nation land.

Members of the Navajo Nation are challenging the legality of uranium ore transport from a mine in Arizona across tribal lands to a processing facility in Utah.

A 2012 law bans uranium transport on the vast Navajo Nation land, which covers portions of Arizona, New Mexico, and Utah. Navajo Nation president Buu Nygren issued an executive order on Wednesday saying that there must be an agreement before uranium is transported through the reservation.

A plan to build up a high-assay low-enriched uranium fuel cycle in the United Kingdom to support the deployment of advanced reactors is still in place after the Labour party was voted to power on July 4, bringing 14 years of conservative government to an end. A competitive solicitation for grant funding to build a commercial-scale HALEU deconversion facility opened days before the election, and the support of the new government was confirmed by a set of updates on July 19. But what does the U.K. HALEU program entail, and how does it differ from the U.S. HALEU Availability Program?

BWX Technologies Inc. announced today that its Advanced Technologies subsidiary has signed a cooperation agreement with the state of Wyoming to evaluate locations and requirements for siting a potential new TRISO nuclear fuel fabrication facility in the state.

Because of its hardness and its hardiness in the face of high temperatures, silicon carbide has been used for industrial purposes for decades. It has proven its worth as a key component of tiny TRISO fuel particles. But SiC has a weakness—in its pure form it is too brittle for use in structural components, such as 12-foot-long light water reactor fuel cladding tubes.