Twitter

Uranium and Nuclear Power Industry

Uranium is booming, and Canada must seize the bull by the horns – by David Morrison (Globe and Mail – May 29, 2024)

https://www.theglobeandmail.com/

David Morrison is the chief executive of Eight Capital, one of the largest independent investment banks in Canada.

Earlier this month, the U.S. Senate passed legislation to ban Russian uranium imports, and President Joe Biden signed off on it. The ban involves a phase-in period, until the end of 2027, to allow domestic production and supplies from allies to ramp up. Given that Russia supplied the U.S. with roughly a quarter of its uranium needs in 2022, this is no small task.

According to U.S. officials, Washington is counting on Canada to step up and fill the gap. We have just three years to prepare – less if the Russians retaliate by pre-emptively restricting their exports. Our usual glacial pace will not cut it.

Read more

The Promise of Nuclear Energy Brings the West to Mongolia – by Charlie Campbell (Time Magazine – May 14, 2024)

https://time.com/

The Gobi Desert, once revered by Mongolian poet Dulduityn Danzanravjaa as hiding a cosmic portal to the heavenly kingdom of Shambala, was transformed in the 20th century from spiritual energy center to fossil-fuel hub. Wild rabbits and donkeys share the windswept dunes with rusting oil pumps, while an endless caravan of soot-stained trucks haul coal south to the border with China. Now, the Gobi is on the cusp of another reincarnation, one that its supporters believe could help future-proof the global energy landscape.

In October, the French state-owned nuclear firm Orano signed a $1.7 billion deal to extract and process uranium from the Zuuvch-Ovoo mine, not two hours by car from the landmarked site of Danzanravjaa’s cosmic portal. Mongolia’s first uranium mine is expected to produce about 2,750 tons annually for three decades, some 4% of global production; it’s currently one of the top 10 unexploited deposits worldwide.

Read more

Cameco CEO meets with U.S. lawmakers as world events impact uranium industry – by Michael Joel-Hansen (Saskatoon Star Phoenix – May 15, 2024)

https://thestarphoenix.com/

Tim Gitzel in Washington ahead of a ban on Russian uranium coming into force

Tim Gitzel has been spending a lot of time in the United States lately. The chief executive of Saskatoon-based Cameco was recently in Washington, D.C., where he met with lawmakers to talk about a number of issues.

Among the topics of discussion for Gitzel and his delegation was a recently passed piece of legislation banning Russian uranium imports. The bill has passed both houses of Congress and is waiting to be signed into law by President Joe Biden.

Read more

Former Canadian uranium mine site returned to province (World Nuclear News – May 3, 2024)

https://www.world-nuclear-news.org/

The project, which is some 75 km south of Lake Athabasca and 15 km east of the border with the Province of Alberta, operated from 1979 to 2002, producing more than 62 million pounds U3O8 (23,848 tU) from two underground mines and four open pit mines.

The operation also included a tailings management facility, a mill and other support facilities. The Cluff Lake Project is located on Treaty 8 territory, the Homeland of the Métis, and is within the traditional territories of the Dene, Cree, and Métis people. Cluff Lake was fully decommissioned in 2013.

Read more

[Saskatchewan Uranium Mining] A restart 15 years in the making – by Trish Saywell (CIM Magazine – May 02, 2024)

https://magazine.cim.org/en/

Mining at the McClean Lake uranium mine in Saskatchewan, which has been suspended since 2009, will restart in 2025 using technology developed to extract high-grade ore from small ore bodies

After spending 15 years and more than $100 million on research and development, partners Orano Canada Inc. and Denison Mines have built mining equipment that is deployed from surface to extract high-grade uranium ore. They plan to use it to restart mining operations at their McClean Lake property in northern Saskatchewan; Orano owns a 77.5 per cent stake and is the operator of the McClean Lake Joint Venture (MLJV), while Denison owns 22.5 per cent.

Restarting uranium production at McClean Lake is a major milestone. Mining operations at the site began in 1995 and the MLJV extracted ore from five open pits, producing approximately 50 million pounds on a 100 per cent basis, before operations were suspended in 2009 due to low uranium prices.

Read more

Can floating nuclear power plants help solve Northern Canada’s energy woes? – by Matthew McClearn (Globe and Mail – May 3, 2024)

https://www.theglobeandmail.com/

Diesel is the only way to keep the lights on in many remote Arctic towns. A new project wants to offer a greener option – but first it has to assuage safety and cost concerns and compete with other renewables

The nuclear industry is seeking to establish a beachhead in Canada’s North – literally – with a proposed floating nuclear power plant to serve remote Indigenous communities.

Westinghouse, a U.S.-based reactor vendor, has partnered with Prodigy Clean Energy, a Montreal-based company, to develop a transportable nuclear power plant. Essentially a barge housing one or more of Westinghouse’s eVinci microreactors, it would be built in a shipyard and moved thousands of kilometres by a heavy-lift carrier to its destination in the Far North. There it could be moored within a protected harbour, or installed on land near the shore.

Read more

Tim Gitzel, CEO of uranium miner Cameco, is our Mining Person of the Year for 2023 – by Alisha Hiyate (Northern Miner – April 19, 2024)

https://www.northernminer.com/

Tim Gitzel, an executive at Cameco (TSX: CCO; NYSE: CCJ) for 17 years and president and CEO for 13, has led the company through more bad times than good. Among the bad times: repeated flooding at the Cigar Lake mine; the post-2007 uranium price crash; and the more devastating doldrums after the Fukushima nuclear disaster in 2011.

Among the good times: right now. The company’s shares have doubled in the past year, following the exploding uranium price. But Gitzel’s careful preparation has positioned Cameco for such a moment, when supply challenges, geopolitics, and renewed fervour for nuclear power have swung uranium back into favour.

Read more

‘Stunning reversal’: Nuclear power has gone from pariah to saviour and Canada could reap the benefits – by Joe O’Connor (Financial Post – April 18, 2024)

https://financialpost.com/

Canada’s top uranium producer, used to being overlooked at global climate forums, got front-row billing last year in Dubai. But will this nuclear renaissance stick?

Tim Gitzel was accustomed to being overlooked by the organizers of the United Nations’ annual climate change conference, a.k.a. COP. The meeting attracts a who’s who of the decarbonize-by-2050-or-else crowd to a different city each year, and they bat around big ideas, make lofty pronouncements, set emissions targets and try to hammer out a framework to achieve them.

But Gitzel was never invited to join in the fun. The longtime chief executive of Cameco Corp., the Saskatoon-based mining giant that supplies about 20 per cent of the uranium used to fuel zero-emissions nuclear reactors worldwide, joked that the only way he could get close to COP was to sit in the “McDonald’s across the street” from the meeting. “Nobody wanted to talk to us,” he said. “Nuclear just wasn’t on the agenda.”

Read more

Hundreds attended nuclear event in Ignace – by Mike Stimpson (NWO Newswatch – April 15, 2024)

https://www.nwonewswatch.com/

“Words alone cannot explain the excitement and joy we had as a township to host one of the most important nuclear learning events that this community has ever witnessed.”

IGNACE — More than 500 people checked out the Northwest Nuclear Exploration Event last Friday and Saturday at the Ignace Recreation Centre, according to the township. “Words alone cannot explain the excitement and joy we had as a township to host one of the most important nuclear learning events that this community has ever witnessed,” Mayor Kim Baigrie said in a news release.

Giving thanks to all who made the event a success, she made particular mention of Daila Delescaille and Andi Davenport for their Saturday afternoon presentation as Ignace “youth representatives.”

Read more

‘Enough hot air, we want fresh air’: How a wildcat miners’ strike helped change Ontario labour law – by Jamie Bradburn (TVO Today – April 18, 2024)

https://www.tvo.org/

Fifty years ago, uranium miners in Elliot Lake hit the picket line, triggering a series of events that led to protections for all workers in the province

“Silicosis is an incurable lung disease that can lead to disability and death. Silicosis is the result of the body’s response to the presence of silica particles in the lung. Silica particles are very small in size and can reach deep into the lungs (into the alveoli), where they are removed by white blood cells.

Free crystalline silica causes the white blood cells to break open, which forms scar-like patches on the surface of the alveolus. When a large number of these “scars” form, the alveolar surfaces become less elastic. Over time, this damage reduces the transfer of gases, which can lead to shortness of breath.” — Canadian Centre for Occupational Health and Safety website

Read more

Federal minister says nuclear power is key part of renewable energy expansion – by Chuck Chiang (Canadian Press/City News Ottawa – April 6, 2024)

Homepage

VANCOUVER — The federal minister responsible for innovation and industry says Canada could be at risk of losing out on attracting green industries if it doesn’t consider all options for renewable electricity, which he says include nuclear power.

François-Philippe Champagne said in an interview with The Canadian Press that he considers nuclear power part of the renewable energy portfolio that needs to grow to support the country’s lean into “the economy of the 21st century.”

Read more

A Nuclear Power Revival Is Sparking a Surge in Uranium Mining – by Jim Robbins (Yale Environment 360 – April 4, 2024)

https://e360.yale.edu/

A push for nuclear power is fueling demand for uranium, spurring the opening of new mines. The industry says new technologies will eliminate pollution from uranium mining, but its toxic legacy, particularly in the U.S. Southwest, leaves many wary of an incipient mining boom.

After sitting dormant since the 1980s, the Pinyon Plain uranium mine began operating in January on the Kaibab National Forest in Arizona, about seven miles south of the Grand Canyon. Thanks to new interest in expanding nuclear power, the price of uranium is on a tear, making undeveloped and long-shuttered mines viable. Pinyon Plain, which has some of the highest-grade uranium ore in the country, is one of the first uranium mines to open in the United States in eight years.

It will not be the last. In the U.S. and around the world, uranium mining is experiencing a revival. At least five producers in the U.S. are reactivating mines in Texas, Utah, Wyoming, and Arizona, all of which closed after the 2011 disaster at Fukushima sent the price of uranium plummeting. Other projects are underway internationally, including new mines planned in Canada, India, and Mongolia.

Read more

Uranium mined near Grand Canyon as prices soar, US pushes more nuclear power – by Susan Montoya Bryan (Associated Press/Arizona Capital Times – March 31, 2024)

Arizona Capitol Times

The largest uranium producer in the United States is ramping up work just south of Grand Canyon National Park on a long-contested project that largely has sat dormant since the 1980s. The work is unfolding as global instability and growing demand drive uranium prices higher.

The Biden administration and dozens of other countries have pledged to triple the capacity of nuclear power worldwide in their battle against climate change, ensuring uranium will remain a key commodity for decades as the government offers incentives for developing the next generation of nuclear reactors and new policies take aim at Russia’s influence over the supply chain.

Read more

Ignace and nuclear waste organization ink ‘historic’ agreement – by Mike Stimpson (Northern Ontario Business – March 21, 2024)

https://www.northernontariobusiness.com/

The 80-page agreement restates the township’s commitment to a “willingness process” to determine whether Ignace supports being host to a repository for nuclear waste

IGNACE — The northwestern Ontario township on the shortlist for hosting nuclear waste storage has signed what it calls a “historic” agreement with the Nuclear Waste Management Organization (NWMO). A news release from Ignace stated, however, that the pact “in no way either guarantees that the Township will host a deep geological repository for used nuclear fuel or that a decision on willingness has been made.”

Mayor Kim Baigrie said Tuesday the people of Ignace “should be excited” about the agreement but added that whether the community should welcome the proposed repository in their area is “everyone’s choice.”

Read more

Barrick shuts down water supply after uranium found at copper mine in Zambia – by Geoffrey York (Globe and Mail – March 20, 2024)

https://www.theglobeandmail.com/

Barrick Gold says it has found uranium in the drinking water of an open section of its Lumwana copper mine in Zambia, forcing it to halt the water supply and switch to other water sources for its workers in the section.

The Zambian mine has become increasingly important to Barrick’s future. The Toronto-based company has announced plans for a US$2-billion expansion at Lumwana to create one of the world’s biggest copper mines, with construction to begin late this year and production from the project expected by 2028.

Read more