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Fission Uranium (TSX: FCU; US-OTC; FCUUF) plans to drill 43 holes (12,640 metres) this year at the Triple R deposit at its Patterson Lake South project… News February 2, 2021 US Geological Survey reports 2020 mine production in the US Sign up here! The United States has 104 nuclear reactors that use about 55 million pounds of uranium every year; representing 25% of the global supply. The email went on to say, “The Congressman plans to reiterate his concerns about the proposed contract with DOE and NNSA leadership at the earliest opportunity. "The US uranium mining industry has the personnel and yellowcake processing plants on standby, and is ready to expand into new areas with discoveries that will provide hundreds of years of available uranium resources from a variety of secure sources," says Michael D. Campbell, chairman of the Uranium (Nuclear & REE) Committee of the Energy Minerals … Leaders criticize uranium work’s move to Erwin. The Uranium Investing News homepage is your best source for the latest news on uranium investing. Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. US HEADLINES: VIENNA & PARIS – The U.N. nuclear watchdog found uranium particles at two Iranian sites it inspected after months of stonewalling, News Today Politics Canada’s Denison Mines (TSX: DML) is ready to resume the formal environmental assessment (EA) process for its 90%-owned Wheeler River project in Saskatchewan, which is…, Energy Fuels (TSX: EFR; NYSE: UUUU) has produced the first rare earth element (REE) carbonate concentrate on a pilot-scale at its wholly owned White Mesa mill…, Canaccord Genuity raises Q1 copper price forecast, Kinross reports record free cash flow, 2020 results in line with guidance, Kutcho Copper grows copper-zinc resource ahead of feasibility release, Newcrest OK’s $135M exploration decline at Red Chris. “The U.S. government has invested billions of taxpayers’ dollars to modernize the Y-12 National Security Complex, with the highest levels of safeguards and security in place. Statements criticizing the move have come from Oak Ridge Mayor Warren Gooch and Mike Thompson, president of the Atomic Trades and Labor Council (ATLC), via a city news release. NNSA officials said they intend to issue a sole-source contract to Nuclear Fuel Services award the contract for the final design and demonstration of highly-enriched uranium purification and conversion capabilities to Nuclear Fuel Services (NFS) of Erwin, Tenn. As of Feb. 17, no contract had been awarded, an NNSA spokesperson stated. Consensus suggests uranium demand needs to increase by over 100% from current levels by 2050 if decarbonisation is to take place. “We have fought it since it first raised its ugly head.”. The 2019 production represents 0.3% of the anticipated uranium fuel requirements of the US's nuclear power reactors for the year. Company selected ISR mining for renamed Tthe Heldeth Túé deposit in Saskatchewan. Issuing a sole-source contract for work to be performed by a company that may be involved in bidding on the Y-12 contract appears to be ill-timed,” Thompson said in the same release shared by the city. President Donald Trump's 2021 budget proposed $150 million for the creation of a U.S. uranium reserve as the administration seeks to help struggling producers of the … The agreement follows a 76% decline in U.S. uranium production from 2018 to 2019. Top uranium producers are Kazakhstan, Canada and Australia. A plan to move uranium enrichment work 125 miles from Oak Ridge to Erwin, Tenn., is drawing condemnation from local officials. The U.S. imports over 90% of the uranium it uses from abroad. Atomic energy officials raise red flag on dangerously high uranium levels in Telangana The price of uranium peaked in 2007 at $136.22 per pound but was just $25.45 per pound as of December. He is dead!” At least that was the verdict of five French doctors who were on their way to a medical convention…, Energy Fuels (TSX: EFR; NYSE: UUUU) has entered into a three-year supply agreement with The Chemours Company to acquire a minimum of 2,500 tonnes per…, Cameco (TSX: CCO; NYSE: CCJ) announced today that it will temporarily suspend production at its Cigar Lake uranium mine in northern Saskatchewan over the coming weeks…, Stock Markets/Investing Most industry forecasters believe that a long-term sustainable uranium spot price based on cost curve support is in the US$40-50/lb range, notes Shaw. Ben Pounds is a staff reporter for The Oak Ridger. Track elected officials, research health conditions, and find news you can use in … Y-12 National Security Complex will lose its current contractor, Consolidated Nuclear Security (CNS) on Sept. 30, 2021 as the NNSA has chosen not to extend its contract, citing safety concerns. U.S. usage of uranium has decreased in recent years, part of a global decrease in the wake of the 2011 meltdown of Japan’s Fukushima Dai-ichi nuclear plant after an earthquake and tsunami. “The proposed contract is the result of an unsolicited proposal and would result in significant economic loss to the greater Oak Ridge/Knoxville region. Fission Uranium (TSX: FCU; US-OTC; FCUUF) plans to drill 43 holes (12,640 metres) this year at the Triple R deposit at its Patterson Lake South project…. In November, the Wyoming senator introduced a … US HEADLINES VIENNA & PARIS – The U.N. nuclear watchdog found uranium particles at two Iranian sites it inspected after months of stonewalling, diplomats say, and it is preparing to rebuke Tehran for failing to explain, possibly complicating U.S. efforts to revive nuclear diplomacy. VIENNA & PARIS - The U.N. nuclear watchdog found uranium particles at two Iranian sites it inspected after months of stonewalling, diplomats say, … In contrast to the mayor’s statement on jobs, an NNSA spokesperson said Y-12 will not see “a reduction in work scope or in employment related to this action. U.S. Monarch Mining grows McKenzie Break gold resources, Great Bear zones in on more near-surface gold at Dixie. As nations sought alternative sources to nuclear power, the uranium … A plan to do some uranium work 125 miles from Oak Ridge in Erwin, Tenn., is drawing condemnation from local officials. The first day of the Association for Mineral Exploration’s (AME) Remote Roundup featured a government industry forum that brought together industry experts from across Canada…, Since founding privately held USA Rare Earth three years ago, Pini Althaus has focused on turning his vision of creating a secure supply of rare…, “IL EST MORT! Re-investment in uranium mines is required. - Uranium Royalty (TSX-V: URC, US: URCCF) announced today that it has entered into a definitive agreement to acquire existing royalty interests on the McArthur River and Cigar Lake uranium mines in Saskatchewan, Canada. Congressman Chuck Fleischmann, the Republican who represents Tennessee's Third District, which includes Oak Ridge, said he also has concerns. Uranium Price: Get all information on the Price of Uranium including News, Charts and Realtime Quotes. msn back to msn home news powered by Microsoft News “We don’t agree that this potential moving of work will be either funding neutral or employment neutral,” Gooch said. U.S. uranium users get about 10% of their supply from domestic sources, the federal Energy Information Administration has said. Cameco (TSX:CCO,NYSE:CCJ) Current share price: C$14.24; US$10.17. He said the U.S. Department of Energy would have to spend “hundreds of millions of dollars” to put processing in place in Erwin. Our highly trained and skilled workforce at Y-12 cannot be replicated and should continue to perform this national security work at the federal government’s state-of-the-art facilities under construction at Y-12. We strongly urge all of our congressional leadership to oppose this move,” Gooch stated. Nickel prices: How did we get here and what comes next? United States Uranium. Uranium outlook 2021: Energy security issues In addition to COVID-19, the US presidential election has been a major topic in the energy sector. The ATLC  represents more than 1,400 skilled workers at Y-12, including machinists, welders, chemical operators and electricians. “Highly Enriched Uranium (HEU) processing and storage has been performed at the Y-12 National Security Complex for decades and this contract would divert a significant process at significant estimated expenses to an area outside of the highly secured Y-12 environment used for uranium purification,” the release stated. US News is a recognized leader in college, grad school, hospital, mutual fund, and car rankings. Global prices have kept mostly low since the 2011 Fukushima nuclear disaster in Japan. Actions to mitigate risks to the USA's domestic uranium supply chain could be better planned and coordinated, according to a report published yesterday by the US Government Accountability Office. The S&P/TSX Global Mining Index fell 0.08% to 99.28, and the…, Azarga Uranium (TSXV: AZZ; US-OTC: AZZUF) is closer to mining at its Dewey Burdock in-situ recovery uranium project in South Dakota, after the U.S. Environmental…. Margeau Valteau, intergovernmental affairs specialist with the NNSA's Office of Intergovernmental Affairs, said depending on how the demonstration phase goes, NNSA will decide if it will give the NFS the Phase 2 contract for uranium purification and conversion services during the “bridge” period until the Y-12 plant begins its production phase. The logistics and costs that would be required to provide safe and secure mobile transfers of the weapons-related materials to/from an off-site facility would result in unnecessary risks to our community and region, and would be extremely costly to our taxpayers,” Gooch stated in a city news release. The recent city news release also quoted the ATLC president. It's not just city officials, who have expressed opposition. “It is absolutely not in the best interest of Y-12 or our community,” he said. Uranium mining in the US peaked in 1980, when annual production topped 19,958 tonnes. Mines in the United States produced about US$82.3 billion in minerals in 2020, according to figures from the U.S. Geological Survey’s Mineral Commodity Summaries report…. The US has agreed to take part in multilateral talks with Iran hosted by the EU, with the aim of negotiating both countries’ return to the 2015 nuclear deal that is … This article originally appeared on Oakridger: Leaders criticize uranium work’s move to Erwin, Like us on Facebook to see similar stories, Ron DeSantis on Rush Limbaugh: Governor will order flags flown at half-staff to honor controversial radio host, UN nuclear watchdog chief starts Tehran talks as deadline looms. “As demonstrated during the COVID crisis, our workforce has adjusted to changing conditions, circumstances and requirements to succeed under the current conditions. Gooch said at a virtual Oak Ridge Chamber of Commerce event that the city government is in “clear in opposition” to the National Nuclear Security Administration (NNSA) moving uranium purification and conversion operations to a private company in Erwin, Tenn. “We’re going to fight that tooth and nail,” Gooch said. Our members can and will continue to perform urgent national security work that should remain at Y-12,” Thompson said. “The Congressman is adamantly opposed to any job loss in the Oak Ridge community, and will continue to advocate, as he always has, for the workers of the Oak Ridge Reservation,” the statement shared by communications director Justine Sanders stated. Aspiration versus reality: What lies in store for platinum group metals over the next decade? Uranium is a vital component for the country’s nuclear arsenal, submarines and nuclear power plants. Want to learn all the facts about investing in … In 2010, uranium prices slipped further into the US$40 range. Show full articles without "Continue Reading" button for {0} hours. Sen. John Barrasso is determined to build a strategic uranium reserve for the first time in U.S. history. by 2023, 2021 Global Mining Symposium – February 23-24 2021, 2020 Global Mining Symposium – November 2020, 2020 Global Mining Symposium – September 2020, 2020 Canadian Mining Symposium – June 2020, Fission Uranium outlines 2021 drill program for Patterson Lake South, US Geological Survey reports 2020 mine production in the US, ‘Miners have to dare if they’re going to succeed’ says panel at Remote Roundup, USA Rare Earth outlines domestic mine-to-magnet strategy, Energy Fuels set to become rare earth producer in 2021, Azarga secures major permit for Dewey Burdock, Denison delivers robust PEA for Waterbury Lake, Denison plans Canada’s first in-situ recovery uranium mine, Energy Fuels produces REE concentrate at White Mesa, Interview: Clean TeQ’s Sunrise battery materials complex in Australia is construction ready. December 14, 2020, The S&P/TSX Composite Index rose 0.16% to 17,548.92 during the Dec. 7-11 trading week. Microsoft and partners may be compensated if you purchase something through recommended links in this article. Commenting on the legislation, Uranium Energy CEO Amir Adnani said the bill, if it becomes law, "will provide a clear path for implementation of the U.S. uranium … When contacted by the newspaper, Fleischmann's office responded to these comments and expressed concerns about the plan. He has discussed his reservations about the planned contract with various NNSA representatives in the past, in addition to the report language added to the Fiscal Year 2021 appropriations package, expressing his belief that the NNSA’s current proposal is unnecessary and inefficient.”. Major uranium miner … On the other hand, U.S. uranium production only comprises 5% of the global supply. The NNSA announced its plan in an an email to the city last November. “NNSA’s long term plan is to consolidate HEU (highly enriched uranium) recycling and recovery at Y-12,” the spokesperson stated. “We appreciate Congressman Chuck Fleischmann's leadership in opposing this flawed plan. Still, the city government in its official news release showed concern. “A decision of this magnitude should not be made during a transition to new leadership at the federal level and pending the selection of a new contractor at the Y-12 National Security Complex. Uranium is a highly dense metal which occurs in most rocks and is mostly used as a fuel in nuclear power plants. So what. Iran on Monday began enriching uranium up to 20% at an underground facility and seized a South Korean-flagged oil tanker in the crucial Strait of Hormuz, further escalating tensions in … The US Administration has launched its innovation effort to create American jobs while tackling the climate crisis with the creation of a new working group of the National Climate Task Force and the announcement of a new USD100 million federal funding opportunity to support transformational low-carbon energy technologies. Improving cost estimates to support future funding requests for the proposed uranium reserve is one of several recommendations by the GAO to improve the … Uranium mining in the United States produced 173,875 pounds (78.9 tonnes) of U 3 O 8 in 2019, 88% lower than the 2018 production of 1,447,945 pounds (656.8 tonnes) of U 3 O 8 and the lowest US annual production since 1948. The standard contract unit is 250 pounds of U3O8 and is traded on New York Mercantile Exchange.

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