Uranium – ABWR http://abwr.org/ Thu, 04 Aug 2022 11:03:37 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://abwr.org/wp-content/uploads/2021/05/default-150x150.png Uranium – ABWR http://abwr.org/ 32 32 Iran nuclear talks in Vienna as Tehran expands enrichment https://abwr.org/iran-nuclear-talks-in-vienna-as-tehran-expands-enrichment/ Thu, 04 Aug 2022 10:22:13 +0000 https://abwr.org/iran-nuclear-talks-in-vienna-as-tehran-expands-enrichment/ Comment this story Comment Negotiators from Iran, the United States and the European Union prepared on Thursday to resume months-long indirect talks on Tehran’s tattered nuclear deal, even as international inspectors acknowledged that the Islamic Republic had begun a further expansion of its uranium enrichment. The resumption of the Vienna talks, suddenly called Wednesday, does […]]]>

Comment

Negotiators from Iran, the United States and the European Union prepared on Thursday to resume months-long indirect talks on Tehran’s tattered nuclear deal, even as international inspectors acknowledged that the Islamic Republic had begun a further expansion of its uranium enrichment.

The resumption of the Vienna talks, suddenly called Wednesday, does not appear to include high-level representation from all the countries part of Iran’s 2015 deal with the verbal powers. It comes as Western officials express growing skepticism over a deal to restore the deal and the top EU diplomat has warned that ‘the space for further meaningful compromises has been exhausted’ .

Iran’s chief negotiator Ali Bagheri Kani had arrived in Vienna for the talks, Iranian state media reported. US Special Representative for Iran Rob Malley was also on hand, tweeting on Wednesday that “our expectations are in check.”

As in other talks, the United States will not negotiate directly with Iran, but will speak through European diplomat Enrique Mora. The United States has not had direct talks with Iran since President Donald Trump unilaterally pulled America out of the deal in 2018. Mora also met with Russian Ambassador Mikhail Ulyanov on Thursday, who represented Moscow’s interests in the talks.

Ulyanov also met Bagheri Kani in a separate meeting.

“As always, we had a frank, pragmatic and constructive exchange of views on ways and means to overcome the remaining outstanding issues,” Ulyanov wrote on Twitter.

But at the start of the negotiations, Iran adopted a maximalist position. Through its state-run IRNA news agency, Tehran has denied abandoning its efforts to get America to remove its paramilitary Revolutionary Guards from the list of terrorist organizations as a precondition for the talks. Meanwhile, IRNA also quoted its civilian nuclear chief as saying that the International Atomic Energy Agency’s off surveillance cameras would only be turned back on once the West abandons efforts to investigate the traces. artificial uranium found at previously undisclosed sites in the country.

These positions could doom the talks. Iranian officials had tried to offer upbeat assessments of the talks while blaming the United States for the stalemate, likely fearing that a breakdown in the talks would see its rial currency plunge to new all-time lows.

Iran made the nuclear deal in 2015 along with the US, France, Germany, UK, Russia and China. The deal, officially known as the Joint Comprehensive Plan of Action, saw Iran agree to limit its uranium enrichment under the supervision of UN inspectors in exchange for the lifting of economic sanctions.

According to the IAEA’s latest public count, Iran has a stockpile of about 3,800 kilograms (8,370 pounds) of enriched uranium. More worrying for non-profiled experts, Iran is now enriching uranium up to 60% purity – a level it has never reached before and which is a short technical step from weapons-grade levels of 90%.

These experts warn that Iran has enough 60% enriched uranium to turn it into fuel for at least one nuclear bomb. However, Iran would still need to design a bomb and delivery system for it, probably a months-long project. Iran maintains its program is for peaceful purposes, although its officials are increasingly discussing the country’s ability to build a nuclear bomb if it so chooses – a previously taboo subject there.

Meanwhile, on Thursday, those UN inspectors at the IAEA said they had verified that Iran had started feeding uranium gas into two previously unused IR-1 cascades at its underground Natanz facility. These cascades will enrich the uranium up to 5%.

IAEA inspectors also verified that Iran had completed the installation of three advanced IR-6 cascades at the plant, each comprising up to 176 centrifuges. The IAEA said these cascades have not yet been fueled with uranium. Iran also told the IAEA that it planned to install six more IR-2M stunts at a new operational unit in Natanz, the inspectors said.

Follow Jon Gambrell on Twitter at www.twitter.com/jongambrellAP.

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Exclusive: Iran to enrich uranium until needs are met – AEOI chief https://abwr.org/exclusive-iran-to-enrich-uranium-until-needs-are-met-aeoi-chief/ Tue, 02 Aug 2022 14:29:06 +0000 https://abwr.org/exclusive-iran-to-enrich-uranium-until-needs-are-met-aeoi-chief/ The Atomic Energy Organization of Iran announces that it will continue to enrich uranium until the Islamic Republic meets all of its needs. Behrouz Kamalvandi, spokesman for the Atomic Energy Organization of Iran The other parties to the nuclear deal realize that Iran is fully committed to implementing the laws of the Shura Council and […]]]>

The Atomic Energy Organization of Iran announces that it will continue to enrich uranium until the Islamic Republic meets all of its needs.

  • Behrouz Kamalvandi, spokesman for the Atomic Energy Organization of Iran

The other parties to the nuclear deal realize that Iran is fully committed to implementing the laws of the Shura Council and strategic measures to lift sanctions and protect the interests of the Iranian people, he said. Atomic Energy Organization of Iran (AEOI) spokesman Bahruz Kamalvandi said. Al Mayadeen tuesday.

“We have launched 1,000 IR6 centrifuges. We have already launched 500 and followed by another 500. We started pumping gas into the devices yesterday,” Kamalvandi added. “The uranium enrichment process will continue until Iran meets its needs.”

The spokesperson pointed out that Iran had informed the International Atomic Energy Agency of its nuclear measures, noting that “if the other parties to the nuclear agreement revert to their obligations under the JCPOA, we will also revert to our obligations under the agreement.”

Kamalvandi stressed that “if the other parties return to their commitments under the nuclear deal, we will return to our commitments also under the deal.”

Regarding recent Iranian statements by AEOI leader Mohammad Eslami, who said that the Islamic Republic had the technical capability to build an atomic bomb but that such a project was not on its agenda, Kamalvandi clarified that ‘Eslami had been misunderstood.

“There is no doubt that Iran’s nuclear program has quantitative capabilities, but Iran does not need a nuclear bomb due to its strategic capabilities and the Iranian leader’s fatwa. Therefore, we do not we’re not going there.”

Iranian leader Sayyed Ali Khamenei had declared that Iran was prohibited from developing nuclear weapons. Religious law (fatwa) stated that the production, stockpiling and use of nuclear weapons were prohibited by Islam.

Meanwhile, the Iranian government says the purpose of its nuclear program is to generate power and electricity to benefit the country’s economy.

Iran is currently considering a draft nuclear deal proposed by the European Union, Iranian Foreign Minister Hossein Amir-Abdollahian said on Monday.

“Tehran is serious about reaching a good, solid and stable agreement,” the Iranian foreign minister said. “If the US side is realistic and has the necessary flexibility in the upcoming negotiations, reaching an agreement will not be out of reach.”

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Uranium waste disposal could cost at least $7.2 billion https://abwr.org/uranium-waste-disposal-could-cost-at-least-7-2-billion/ Sun, 31 Jul 2022 14:16:10 +0000 https://abwr.org/uranium-waste-disposal-could-cost-at-least-7-2-billion/ Depleted uranium hexafluoride storage cylinders at the US Department of Energy’s Portsmouth, Ohio conversion facility. (Photo from US Government Accountability Office report) The U.S. Department of Energy estimates it could cost at least $7.2 billion to convert and dispose of tens of thousands of cylinders of depleted uranium hexafluoride, a dangerous and corrosive byproduct of […]]]>

Depleted uranium hexafluoride storage cylinders at the US Department of Energy’s Portsmouth, Ohio conversion facility. (Photo from US Government Accountability Office report)

The U.S. Department of Energy estimates it could cost at least $7.2 billion to convert and dispose of tens of thousands of cylinders of depleted uranium hexafluoride, a dangerous and corrosive byproduct of the process. enrichment of uranium. Some of the waste came from the old K-25 site at Oak Ridge and is now stored in Ohio, but some of the converted depleted uranium could eventually be returned to Oak Ridge for use in nuclear weapons.

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Depleted uranium hexafluoride storage cylinders at the US Department of Energy’s Portsmouth, Ohio conversion facility. (Photo from US Government Accountability Office report)

The U.S. Department of Energy estimates it could cost at least $7.2 billion to convert and dispose of tens of thousands of cylinders of depleted uranium hexafluoride, a dangerous and corrosive byproduct of the process. enrichment of uranium. Some of the waste came from the old K-25 site at Oak Ridge and is now stored in Ohio, but some of the converted depleted uranium could eventually be returned to Oak Ridge for use in nuclear weapons.

The rest of this story is available if you are a member: an Oak Ridge Today subscriber, advertiser or contributor.

Already a member? Great! Thanks! Login here.

Not a member? No problem! Subscribe here:

Basic

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If you prefer to send a check, you can do so by sending a letter to:

Oak Ridge Today
Box 6064
Oak Ridge, TN 37831

We also have advanced subscription options. you can see them here.

We also accept donations. You can donate here. A donation of $50 or more will qualify you for a subscription.

Thanks for reading Oak Ridge today. We appreciate your support!

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Iran builds new nuclear research reactor in Isfahan https://abwr.org/iran-builds-new-nuclear-research-reactor-in-isfahan/ Fri, 29 Jul 2022 18:30:03 +0000 https://abwr.org/iran-builds-new-nuclear-research-reactor-in-isfahan/ This week, the head of Tehran’s Atomic Energy Organization (IAEO) said the country was about to start construction of a new nuclear research reactor at the Isfahan nuclear facility. The state media of the Islamic Republic of Iran Fars The news agency quoted the IAEO official as saying that “Iran has a new plan to […]]]>

This week, the head of Tehran’s Atomic Energy Organization (IAEO) said the country was about to start construction of a new nuclear research reactor at the Isfahan nuclear facility. The state media of the Islamic Republic of Iran Fars The news agency quoted the IAEO official as saying that “Iran has a new plan to generate 10,000 megawatts of nuclear power and work is underway to choose suitable places to build nuclear facilities in the country, especially in the south”. The remarks come amid the stalling of joint US-Iranian nuclear talks in Vienna. Tehran’s demand to expand its nuclear research capacity could be a veiled threat to the United States and its other adversaries to give the regime the concessions it demanded in the negotiations.

IAEO chief Mohammad Eslami underlined Iran’s ambition to develop the new nuclear research reactor “in a completely indigenous way”. Eslami also inferred that one of the main obstacles to Iran’s nuclear growth is the smaller capacity of the country’s national power plants. “In this sense, we will use international partnerships and we will not wait for anyone, because Iran has sufficient scientific, industrial and technological capabilities,” Eslami said, according to The Jerusalem Post. “Fortunately, there are major companies in the country that can support the 10,000 megawatt nuclear power generation program, and we also support any company and institution that participates in the Atomic Energy Organization’s program of Iran.”

The Isfahan Nuclear Technology Center (INTC) in Iran is the largest and most sophisticated nuclear research complex in the country. Built in the mid-1980s with the help of the People’s Republic of China (PRC), the INTC is widely believed to be the epicenter of Tehran’s secret underground nuclear weapons program. According to the Nuclear Threat Initiative, the complex includes three research reactors provided by China and performs various functions for the regime’s nuclear development. The complex also operated a fuel production plant, a conversion facility and employs approximately 3,000 scientists. The Uranium Conversion Facility was built at INTC in the early 1990s and is responsible for converting yellowcake into three forms: uranium oxide, uranium hexafluoride, and uranium metal .

Despite Iran’s development of its nuclear sector, the regime consistently refutes the perception that its goals are anything but “peaceful” and “defensive”. In this regard, Eslami said: “Throughout this time and in none of the inspections conducted by the agency, not even in one case, has it been announced that Iran has not announced its intention and its plan in advance or concealed it. These cases are documented, and therefore, the expression of these news and contents serves no purpose other than to waste time and tire the other party.

However, many of Tehran’s actions regarding its nuclear facilities, uranium accumulation and failure to meet international standards reflect the opposite. In June, the international monitoring organization the International Atomic Energy Agency (IAEA) adopted a resolution denouncing Tehran for failing to explain the presence of traces of uranium at three undeclared sites. Last week, Eslami responded to the IAEA’s request by saying Iran would not respond to the allegations. According to Reuters, Eslami added that the 2015 Joint Comprehensive Plan of Action (JCPOA) “cleansed Iran of so-called allegations of possible military dimensions”.

After the IAEA overwhelmingly agreed to release the resolution criticizing Iran, the regime told the global watchdog it would remove more than two dozen surveillance cameras from its nuclear facilities. Under the guise of the 2015 JCPOA, Tehran agreed to allow the IAEA to thoroughly review and monitor its nuclear efforts in return for economic sanctions relief. After the United States withdrew from the nuclear deal in 2018, sanctions were reimposed on the regime.

For months, the White House remained determined to reinstate some version of the JCPOA. In fact, President Biden has repeatedly said this is a priority for the administration. However, the ongoing nuclear negotiations in Vienna have stalled for various reasons in recent months. One of the main obstacles to pursuing indirect negotiations is the regime’s insistence that the United States remove the Islamic Revolutionary Guard Corps (IRGC) from its list of foreign terrorist organizations. So far, Biden has refused to accept this concession. In the past few months alone, the IRGC and its affiliates have carried out several attacks targeting US military personnel and assets in Iraq and Syria. From October to May this year, Iranian proxies launched a total of 29 attacks, according to NBC information. It seems unlikely that the IRGC will be removed from the terrorist list as it launches frequent barrages of drones, rockets and missiles targeting US assets in the region.

Iran’s self-declared plan to build a new nuclear research facility is the country’s latest escalation in its nuclear saga. As the time for the nuclear eruption approaches, the regime’s intentions seem more malignant than ever.

Maya Carlin is a Middle East defense editor at 19FortyFive. She is also an analyst at the Center for Security Policy and a former Anna Sobol Levy Fellow at IDC Herzliya in Israel. She has lines in numerous publications, including The National Interest, Jerusalem Post and Times of Israel.

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ValOre Metals launches a diamond drilling program on the dipole uranium target of the Angilak property https://abwr.org/valore-metals-launches-a-diamond-drilling-program-on-the-dipole-uranium-target-of-the-angilak-property/ Wed, 27 Jul 2022 11:07:30 +0000 https://abwr.org/valore-metals-launches-a-diamond-drilling-program-on-the-dipole-uranium-target-of-the-angilak-property/ VANCOUVER, British Columbia, July 27, 2022 (GLOBE NEWSWIRE) — ValOre Metals Corp. (“ValOre”; TSX–V: VO; OTC: KVLQF; Frankfurt: KEQ0, “the Company”) today announced the start of a 4,500 meter (“m”) diamond drilling program on the 59,483 hectare Angilak property (“Angilak”) uranium project, 100% owned by ValOre , located in the territory of Nunavut, Canada. “The […]]]>

VANCOUVER, British Columbia, July 27, 2022 (GLOBE NEWSWIRE) — ValOre Metals Corp. (“ValOre”; TSXV: VO; OTC: KVLQF; Frankfurt: KEQ0, “the Company”) today announced the start of a 4,500 meter (“m”) diamond drilling program on the 59,483 hectare Angilak property (“Angilak”) uranium project, 100% owned by ValOre , located in the territory of Nunavut, Canada.

“The 2022 RC drilling on the Dipole and J4 West targets intersected high-grade, near-surface, subsurface-hosted uranium, and immediate follow-up is warranted in the core drilling program,” said ValOre’s vice president of exploration, Colin Smith. “Two diamond drill rigs are at Dipole, with the first already drilling and the second due to start within the week. Core holes down dip and along strike will test extensions of highly radioactive RC intersections, including 65,535 CPS at ~30m vertical depth (dipole) and 22,146 SCS at ~36 m vertical depth (J4 West)”.

Highlights of the 2022 Angilak Diamond Drill Program:

  • Core drilling program of 4,500 m to be carried out with 2 diamond drilling rigs;
  • Dipole target – 3,000m planned in 16 holes;
  • Target J4 West – 1,500 m planned in 14 holes;
  • The objective of the program is to incorporate drilling results into future resource estimates.

The 2022 reverse circulation (“RC”) drill program intersected near-surface radioactivity in 22 of 27 holes, with vertical depths of radioactive zones ranging from 7 to 110 meters, at the Dipole, Yat and J4 West targets . First assay results from the completed RC drilling program are expected in the first half of August 2022.

For more information regarding the 2022 RC drill program, CLICK HERE for the May 9, 2022 press release, CLICK HERE for the June 2, 2022 press release and CLICK HERE for the June 15, 2022 press release.

About Angilak

The 59,483 hectare Angilak Property is located in the mining and exploration-friendly Nunavut Territory, Canada, and has district-scale potential for uranium, precious metals and minerals. base metals. Since its acquisition, ValOre has invested over C$55 million in resource delineation and exploration drilling (89,572 meters in 589 drill holes), metallurgy, geophysics, geochemistry and logistics on the entire vast territory. This work supported the development of the significant uranium inferred resource estimate for Lake 50, NI 43-101 trend (“Lake 50”).

The Lac 50 Technical Report NI 43-101 (effective date March 1, 2013) has defined an Inferred Resource estimate that represents Canada’s highest-grade uranium resources outside of Saskatchewan, and one of the highest-grade uranium resources in the world. Highlights include:

  • 43.3 Mlb U3O8 in 2,831,000 tonnes at 0.69% U3O8. CLICK HERE for a summary table of the Lac 50 axis inferred resource estimate;
  • Backed by 351 resource delineation drill holes totaling 62,023 meters (“m”);
  • The metallurgical results from Lac 50 demonstrate high uranium recoveries and fast leaching kinetics. See press releases: February 28, 2013, September 11, 2013 and February 27, 2014;
  • Lac 50 Trend is a 15 kilometer (“km”) by 3 km area with excellent potential for resource growth and new discoveries;
  • Uranium mineralization begins at surface and has been drilled to 380m vertical depth;

CLICK HERE for ValOre’s video from May 6, 2021 summarizing the highlights of Angilak.

CLICK HERE for ValOre’s video from May 6, 2021 reviewing the 2021 focus for Angilak.

Qualified Person (“QP”)

The technical information contained in this press release has been prepared in accordance with the Canadian regulatory requirements set forth in NI 43-101 and reviewed and approved by Colin Smith, P.Geo., QP and Vice President of Exploration of ValOre.

Angilak’s independent mineral resource estimate information has been approved by Michael Dufresne, M.Sc. P.Geo., President of Apex Geoscience Ltd., Robert Sim, P.Geo. of SIM Geological Inc. and Bruce Davis, FAusIMM of BD Resources Consulting Inc., who are Independent Qualified Persons within the meaning of NI 43-101.

The Pedra Branca Independent Mineral Resource Estimate information has been approved by Fábio Valério, P.Geo., and Porfirio Cabaleiro, P.Eng., of GE21.

About ValOre Metals Corp.

ValOre Metals Corp. (TSXV: VO) is a Canadian company with a portfolio of high quality exploration projects. The ValOre team aims to deploy capital and knowledge on projects that benefit from substantial up-front investments by previous owners, the existence of large-scale high-value mineralization and the potential to add tangible value through exploration, process improvement and innovation.

In May 2019, ValOre announced the acquisition of the Pedra Branca Platinum Group Elements (PGE) property, in Brazil, to strengthen its existing Angilak uranium, Genesis/Hatchet uranium and Baffin gold projects in Canada.

The Pedra Branca PGE project comprises 52 exploration licenses covering a total area of ​​56,852 hectares (140,484 acres) in northeast Brazil. At Pedra Branca, 7 distinct areas of PGE+Au deposits host a total of a 2022 NI 43-101 Inferred Resource of 2.198 Moz 2PGE+Au hosted in 63.6 Mt grading 1.08 g/t 2PGE+Au ( CLICK HERE for the press release dated March 24, 2022). All currently known inferred PGE resources at Pedra Branca are potentially open pit mineable.

Comprehensive exploration programs have demonstrated the “district-scale” potential of ValOre’s Angilak property in Nunavut Territory, Canada, which hosts the Lac 50 trend with a current inferred resource of 2,831,000 tonnes at a content of 0.69% U3O8, totaling 43.3 million lbs U3O8. For inferred resource information from the Lac 50 Trend uranium deposits, please CLICK HERE for ValOre’s press release dated March 1, 2013.

The ValOre team has forged strong relationships with sophisticated resource sector investors and partner Nunavut Tunngavik Inc. (NTI) on the Angilak and Baffin gold properties. ValOre was the first company to sign a comprehensive agreement for uranium exploration on Inuit Owned Lands in the Nunavut Territory and is committed to creating shareholder value while meeting environmental and safety standards high levels and proactive engagement of the local community.

On behalf of the Board of Directors,

“Jim Paterson”

James R. Paterson, President and CEO

ValOre Metals Corp.

For more information on ValOre Metals Corp. or this press release, please visit our website at www.valoremetals.com or contact Investor Relations at 604.653.9464, or by email at This email address is protected from spam. You need JavaScript enabled to view it..

ValOre Metals Corp. is a proud member of the Discovery Group. For more information, please visit: http://www.discoverygroup.ca/

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release contains “forward-looking statements” within the meaning of applicable securities laws. Although ValOre believes that the expectations reflected in its forward-looking statements are reasonable, these statements are based on factors and assumptions regarding future events that may prove to be inaccurate. These factors and assumptions are based on information currently available to ValOre. These statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those expressed, anticipated or implied in forward-looking statements. A number of important factors, including those set forth in other public documents, could cause actual results to differ materially from those expressed in such forward-looking statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include ValOre’s future business and economic factors. Readers are cautioned not to place undue reliance on forward-looking statements. The statements contained in this press release are made as of the date of this release and, except as required by applicable law, ValOre undertakes no obligation to publicly update or revise any of the forward-looking statements included, whether as a result of new information, future events or otherwise. ValOre assumes no obligation to comment on analyses, expectations or statements made by third parties regarding ValOre, or its financial or operational results or (if applicable), their securities.

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UEC Stock Pops as Investors Brace for Uranium https://abwr.org/uec-stock-pops-as-investors-brace-for-uranium/ Mon, 25 Jul 2022 18:25:20 +0000 https://abwr.org/uec-stock-pops-as-investors-brace-for-uranium/ Source: engel.ac / Shutterstock Today’s price movements in the energy sector have been quite remarkable. News that the Russian energy giant Gazprom has reduced natural gas flows on its Nord Stream-1 gas pipeline to 20% capacity following a review of a Siemens engine, which was refurbished in Canada, sent shock waves through the ‘industry. However, […]]]>

Source: engel.ac / Shutterstock

Today’s price movements in the energy sector have been quite remarkable. News that the Russian energy giant Gazprom has reduced natural gas flows on its Nord Stream-1 gas pipeline to 20% capacity following a review of a Siemens engine, which was refurbished in Canada, sent shock waves through the ‘industry. However, for investors in uranium deposits such as Uranium energy (NYSEARC:CUE) and UEC stock, this news turns out to be bullish today.

The thesis is relatively simple. If European economies are to wean themselves off Russian oil and gas, renewable energy sources are needed. Not only that, but these energy sources should be located in Europe.

One of the key issues dividing these countries today is the discussion around nuclear power. Germany diverted its attention from nuclear power, shutting down its remaining plants just as the Russian invasion of Ukraine began. Today, the rhetoric seems to be changing, at least for the European economic powers.

Let’s see why Uranium Energy is experiencing such a surge of interest today.

UEC stock soars on revitalized hopes of nuclear power

A key supplier of uranium, the key ingredient in nuclear power generation, investors appear to be bullish on Uranium Energy as the tone changes in Europe and other countries. Besides Europe, Japan has also announced plans to restart four other nuclear reactors. Considering many of its reactors were out of service after the Fukushima Daiichi power plant disaster, that says about everything investors want to hear about the safety of next-generation nuclear power.

For Europe, energy policy has become the latest divisive force that increasingly worries investors. European bonds are plummeting as the euro recently reached parity with the US dollar. All things being equal, it looks like the European economy could experience a bigger recession than the US.

One of the main factors behind these fears is the potential for energy rationing in Europe. Energy is needed to produce and sell just about everything. Thus, this decision would amount to rationing the size of an economy. Nuclear power, and the uranium behind it, could be the answer to Europe’s woes.

Although significant long-term investments will have to be made, it is clear that the forward-looking mechanism of the market is pricing in something today. As a result, uranium stocks such as UEC should be on investors’ radar right now.

As of the date of publication, Chris MacDonald had (neither directly nor indirectly) any position in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to InvestorPlace.com publishing guidelines.

Chris MacDonald’s love of investing has led him to pursue an MBA in finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative long-term investment outlook.

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Oil stocks versus nuclear stocks: which is better? https://abwr.org/oil-stocks-versus-nuclear-stocks-which-is-better/ Sat, 23 Jul 2022 14:45:00 +0000 https://abwr.org/oil-stocks-versus-nuclear-stocks-which-is-better/ Image source: Getty Images When it comes to energy, oil and nuclear are the two main options investors have to choose from. Petroleum is the well-known raw material used to power cars and make plastics; nuclear power is a source of green energy that supplies electricity networks. Technically, nuclear energy is part of the utilities […]]]>

Image source: Getty Images

When it comes to energy, oil and nuclear are the two main options investors have to choose from. Petroleum is the well-known raw material used to power cars and make plastics; nuclear power is a source of green energy that supplies electricity networks. Technically, nuclear energy is part of the utilities sector, not energy per se. But with the rise of the electric car, these two sectors are increasingly similar.

Oil and gas stocks have stood the test of time. With over 100 years of stable but volatile gains, they have made many investors rich. Nuclear stocks, however, should benefit more from future trends in energy consumption. In this article, I will explore oil stocks and nuclear stocks, so you can decide which is right for you.

The case of oil

Compared to uranium mining stocks, oil stocks are generally less speculative. Their revenues vary considerably with oil prices, but not as much as in the case of uranium stocks. They also pay quite large dividends.

Consider Cenovus Energy (TSX:CVE)(NYSE:CVE), for example. It is a Canadian oil producer that makes money by extracting and selling oil. In its most recent quarter, CVE’s revenue increased 74% and its profit increased by several hundred percentage points. On the back of these results, Cenovus management tripled the dividend. This is an example of what can happen with oil inventories when oil prices are high. Higher profits come with higher dividends, which pass on the company’s wealth to shareholders.

The case of nuclear

The arguments in favor of nuclear stockpiles are based on the growing need for green energy. Oil and gas are considered “dirty” energy and are being phased out under climate change regulations. Norway’s goal is for 100% of cars to be electric by 2025. Other countries have similar goals. Nuclear energy can power electric cars (as well as electric trains, trucks, etc.), but not oil and gas. The new generation of vehicles is loaded rather than full, and oil has little role to play in such a market.

It is for this reason that many people are interested in uranium stocks like Cameco (TSX: CCO) (NYSE: CCJ). Cameco is a Canadian uranium miner that supplies uranium to power plants around the world. There is no doubt that Cameco will have more customers if nuclear power generation increases. With more nuclear reactors comes greater demand for uranium. The EU has already signaled that it is ready to include nuclear among its “green” energy sources, which will give member states the green light to start building nuclear power plants.

The downside, for investors, is that electric cars don’t require as much fuel as today’s gas-powered cars. You can charge your electric car with grid electricity; gasoline-powered cars require large amounts of fuel. If the electricity grid is powered by nuclear energy, it only takes 27 tons of fuel to power an entire city. It takes millions of tons of coal to do the same thing. So no matter how much nuclear power grows, uranium will never be a huge commodity like oil and coal are today – you just don’t need that much uranium to power the network.

As an alternative to uranium miners like Cameco, you might consider nuclear utilities like Duke Energy. Utilities have a proven business model that is heavily protected by the government. They are less volatile than mining companies and their business is known to be very stable. It’s a way to invest in the future of nuclear energy without betting the barn on speculative mining stocks.

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Uranium Stocks – Time to Buy? https://abwr.org/uranium-stocks-time-to-buy/ Thu, 21 Jul 2022 19:00:00 +0000 https://abwr.org/uranium-stocks-time-to-buy/ Image source: Getty Images Nuclear power is all the rage these days. The world is in an energy crisis, and countries are rushing to go nuclear in response. Just recently, the European Union (EU) voted to allow companies to describe nuclear energy as “green”. It was a bold step towards nuclear adoption for a continent […]]]>

Image source: Getty Images

Nuclear power is all the rage these days. The world is in an energy crisis, and countries are rushing to go nuclear in response. Just recently, the European Union (EU) voted to allow companies to describe nuclear energy as “green”. It was a bold step towards nuclear adoption for a continent that until recently had largely abandoned it.

For investors, this situation presents interesting opportunities. There are many ways to invest in nuclear energy, both directly in nuclear power plants and indirectly in the form of uranium. Last week, research firm Breakthrough Institute released a note touting nuclear power’s ability to help the environment and enrich investors. In this article, I will explore uranium stocks and analyze whether they are worth investing in.

Why nuclear is in fashion

Nuclear power is in vogue right now because of the energy crisis the world is facing. There is not enough oil for everyone and renewable energies do not make a difference. In such a situation, it is natural to turn to nuclear power, and many countries are doing so. The price of uranium has doubled since the start of 2018, likely due to the growing number of countries adopting nuclear power. In addition to EU nuclear membership, Japan has also recently pledged to restart several nuclear reactors, more than a decade after the notorious Fukushima incident there.

Getting out of fossil fuels is a top priority for world leaders. So far, most efforts in this area have focused on renewable energies like wind and solar. Renewable energies are used in several countries, but rarely at a sufficient level to power entire networks. For this kind of green energy, we need nuclear power, which is gaining popularity after years of being considered unsafe.

Uranium stocks

The obvious way to play nuclear power is to use uranium stockpiles. Uranium is the fuel used in nuclear reactors. Many companies that produce uranium are publicly traded, which means you can invest in them.

Take Cameco (TSX:CCO)(NYSE:CCJ), for example. It is a Canadian uranium mining company that supplies fuel for nuclear reactors around the world. The company has:

  • 464 million pounds of proven uranium reserves.
  • 30 million pounds annual uranium production.
  • Positive net result.

These are all desirable and promising characteristics. However, Cameco’s long-term growth has not been as significant. Over the past decade, Cameco’s revenues have fallen rather than grown, and it’s the same story with profits. This is partly explained by the lack of interest in nuclear energy in recent years. After the Fukushima reactor incident, few countries launched new nuclear projects. That’s changing, so maybe Cameco will do better in the future.

However, uranium mining will probably never be a thriving industry like oil and gas is today. The amount of uranium needed to power a city is nothing compared to the amount of coal needed to do the same. Sure, the demand for uranium will increase, but it’s so plentiful compared to oil, it doesn’t look like an industry that’s going to produce explosive profits. Scientists say there is enough uranium in the oceans to meet humanity’s energy needs for 60,000 years. Uranium is therefore very useful, but it is not exactly a scarce commodity.

For me, the most interesting nuclear games are electric utilities that operate nuclear power plants. There are publicly traded defensive stocks like duke energy (NYSE:DUK) that fit this description. They allow you to share in the profits of nuclear power generation, but with income stability far beyond what a mining operation could ever have. However, being utilities, they operate in limited service areas which have regulated tariffs. This results in slow and steady revenue growth rather than explosive growth, as can be the case with upstart mining companies. For example, Duke’s revenue growth rate this year is 8.5%, which is okay, but not amazing. Owning a stock like Duke Energy isn’t as romantic as owning a uranium mine that solves the global energy crisis, but it might be a bit more practical.

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Coconino Voices: The Grand Canyon needs our help | https://abwr.org/coconino-voices-the-grand-canyon-needs-our-help/ Wed, 20 Jul 2022 00:22:00 +0000 https://abwr.org/coconino-voices-the-grand-canyon-needs-our-help/ PATRICE HORSTMAN Grand Canyon National Park and its surroundings are home to some of the world’s natural treasures. As one of the Seven Wonders of the World, Grand Canyon National Park spans over 1,000,000 acres and is home to the Colorado River, eight National Historic Sites, and 11 federally recognized Native American tribes. The Grand […]]]>

PATRICE HORSTMAN

Grand Canyon National Park and its surroundings are home to some of the world’s natural treasures. As one of the Seven Wonders of the World, Grand Canyon National Park spans over 1,000,000 acres and is home to the Colorado River, eight National Historic Sites, and 11 federally recognized Native American tribes.

The Grand Canyon is threatened by harmful uranium mining which poses health and safety risks to the indigenous peoples who inhabit the Canyon. Uranium mining also poses a risk to the quality and quantity of groundwater and fragile streams and springs.

In 2012, then-President Obama, in recognition of the serious threat created by mining, imposed a temporary ban on uranium mining on or near the Grand Canyon. This temporary ban is about to expire. Consequently, Arizona Senators Kyrsten Sinema and Mark Kelly introduced the Grand Canyon Protection Act (GCPA), which maintains the current ban on uranium mining in or near Grand Canyon National Park, which prohibits in ongoing uranium mining.

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The passage of the GCPA protects this critical watershed for those who live, work and play in and near the Grand Canyon and reduces the risk of contamination of water resources and water supplies.

As a county supervisor and longtime resident of Coconino County, I have also witnessed the consequences of uranium contamination and the health and safety risks it poses. On the Navajo Nation alone, there are over 500 abandoned uranium mines that have not been cleaned up or mitigated. This environmental and public health threat to one of the world’s greatest treasures must not continue and the protection of the Grand Canyon is best served by the rapid passage of the GCPA.

I want to thank Senators Sinema and Kelly for their sponsorship of the Grand Canyon Protection Act (GCPA) and I am pleased that the GCPA was recently heard in a Senate hearing. I urge others to call, email or write your senators today and demand passage of the GCRA. It is imperative that this important bill pass this session of Congress.

Patrice Horstman is chairman of the Coconino County Board of Supervisors.

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2022-07-18 | TSXV: EU | Press release https://abwr.org/2022-07-18-tsxv-eu-press-release/ Mon, 18 Jul 2022 11:00:12 +0000 https://abwr.org/2022-07-18-tsxv-eu-press-release/ TSX.V: EU OTCQB: ENCUF www.encoreuranium.com CORPUS CHRISTI, TEXAS, July 18, 2022 /PRNewswire/ – enCore Energy Corp. (“bis“or the”Company“) (TSXV: EU) (OTCQB: ENCUF) announced today that Mr. Gregory Zerzan was appointed Chief Administrative Officer and General Counsel, effective July 15, 2022. Mr. Zerzan is a recognized leader and recognized legal expert in public and regulatory policy […]]]>

TSX.V: EU

OTCQB: ENCUF

www.encoreuranium.com

CORPUS CHRISTI, TEXAS, July 18, 2022 /PRNewswire/ – enCore Energy Corp. (“bis“or the”Company“) (TSXV: EU) (OTCQB: ENCUF) announced today that Mr. Gregory Zerzan was appointed Chief Administrative Officer and General Counsel, effective July 15, 2022. Mr. Zerzan is a recognized leader and recognized legal expert in public and regulatory policy with over 20 years of experience, most recently as Senior Assistant Counsel for the United States Department of the Interior.

“We are delighted to welcome Gregory to our management team,” said William M. SheriffExecutive Chairman at enCore Energy. “Gregory brings extensive experience and expertise in public affairs and legislative and regulatory relations, having worked successfully in both the public and private sectors with a specialty in the energy and natural resource industries. At enCore, he will provide strong stewardship and navigation for the business as we advance our strategy in a revitalized but challenging public landscape. He will be instrumental, both as Chief Administrative Officer and Chief Legal Officer, as enCore continues its progress through numerous stages of development and production to become the next leading U.S. uranium producer.”

Gregory Zerzanadministrative director and general counsel

Gregory Zerzan has held senior positions in government and the private sector. During his public service career, he held several high-profile positions, most recently as Senior Assistant Counsel for the United States Department of the Interior. In this position, Mr. Zerzan led legal efforts in areas such as energy development, access to public lands, environmental reform and tribal relations. Previously, Mr. Zerzan served as Deputy Assistant Secretary of the United States Treasury and also served as an advisor to three different congressional committees. In the private sector, Zerzan has served as an advisor and head of global public policy for the International Swaps and Derivatives Association, a director at Koch Companies and a shareholder at the law firm Jordan Ramis PC. Zerzan was principal investigator at the University of MelbourneAustralia School of Law and speaks frequently at conferences, professional associations and on television on issues of law and regulatory policy.

Concurrent with the appointment, the Company approved the grant to Mr. Zerzan of 400,000 stock options with 25% immediate vesting, 25% vesting on December 31, 2022, and 25% every 6 months thereafter. Stock options are exercisable for a period of five years at an exercise price of $1.07 per ordinary share.

About enCore Energy

With approximately 90 million pounds of U3O8 estimated in the measured and indicated categories and 9 million pounds of U3O8 estimated in the inferred category1enCore is the most diversified in-situ uranium development company United States. enCore aims to become the next producer of uranium from its licensed and formerly producing South Texas Rosita processing plant by 2023. South Dakota-based Dewey Burdock project and the Wyoming Gas Hills project offer medium-term production opportunities, with New Mexico uranium resource endowments offering long-term opportunities. The enCore team is led by industry experts with in-depth knowledge and experience of all aspects of ISR uranium operations and the nuclear fuel cycle.

For more information, visit www.encoreuranium.com.

1 Mineral resource estimates are based on technical reports prepared in accordance with NI43-101 and available on SEDAR as well as on the company’s websites at www.encoreuranium.com.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS ITS TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE RELEVANCE OR ACCURACY OF THIS RELEASE.

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SOURCE enCore Energy Corp.

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