2024-05-16 06:35:00
U.S. URANIUM PRODUCTION UP
WNN - 14 May 2024 - US production of 82,533 pounds U3O8 (32.1 tU) in the first quarter of 2024 was the highest Q1 production since 2018 and almost 80% more than production for the whole of 2023.
According to the US Energy Information Administration's (EIA) latest Domestic Uranium Production Report, US uranium production in the first three months of the year was from five facilities, all using in-situ leach methods rather than conventional mining and milling. Four of these - Nichols Ranch, Ross, Lost Creek and Smith Ranch-Highland - are in Wyoming.
The fifth facility, Rosita, in Texas, resumed operations in November, having last produced uranium in 2008. EnCore Energy Corp announced the first shipment of uranium from the plant, which has an annual capacity of 800,000 pounds U3O8, in March.
The EIA listed three US uranium mills as "on standby" in Q1: Shootaring Canyon and White Mesa, both of which are in Utah, and Sweetwater in Wyoming. Anfield Energy Inc has recently said that it is targeting a restart of the Shootaring Canyon mill in 2026 - it has been on standby since 1982. The Vancouver-based company has submitted its plans for reactivating the mill, which it acquired in 2015, to Utah state regulators for approval.
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Earlier:
2024, May, 8, 06:35:00
US URANIUM BAN IS DETRIMENTAL
The US Senate April 30 approved legislation aimed at banning imports of Russian low-enriched uranium that is produced in Russia or by a Russian entity.
2024, May, 3, 06:30:00
NO RUSSIAN URANIUM
However, the Department of Energy (DOE) may waive the ban if it determines that "no alternative viable source of low-enriched uranium is available to sustain the continued operation of a nuclear reactor or a US nuclear energy company" or that importation of uranium is in the national interest.
2024, January, 29, 06:45:00
RUSSIAN URANIUM PRODUCTION EXTENSION
According to World Nuclear Association information, Russia produced 2508 tU in 2022, making it the sixth largest producer of uranium in the world, while Russian reactor requirements for 2023 were estimated at 6284 tU.
2024, January, 22, 06:40:00
URANIUM PRICES UP
Globally uranium demand is expected to rise by 28% by 2030 and to double by 2040.
2024, January, 9, 06:25:00
U.S. URANIUM BEGINNING
Production will be fully ramped up at the Pinyon Plain, La Sal and Pandora mines by mid- to late-2024, by which time Energy Fuels said it expects to be producing uranium at a run-rate of 1.1 to 1.4 million pounds per year,
2023, November, 23, 06:20:00
URANIUM PRICES MAXIMUM
Following the invasion of Ukraine, things couldn’t be more different, with countries looking to nuclear power as a source of low-carbon power that can diversify their mix from intermittent renewable energy and imported fossil fuels.
2023, August, 4, 06:20:00
U.S. NUCLEAR FUEL
The Nuclear Fuel Security Program envisaged in the amendment will require the US Department of Energy (DOE) to begin acquiring at least 100 tonnes of low-enriched uranium per year,
