# Investing In Uranium By [Pingu0x](https://paragraph.com/@pingu0x) · 2022-11-21 --- ![](https://storage.googleapis.com/papyrus_images/e5cd91887a496285d41c82e3a7ff230005eaaad5d400b45260b32d94292d68a2.png) Uranium Initial notes ===================== **March 14, 2021** * Public perception is big in this space: People are weary/scared of ‘nuclear’ * Uranium is an important part of baseload energy * Uranium is cheap on a cash basis and produces no carbon * Uranium markets Very price dependent and very small * There is Lots of Uranium on earth * More demand at good prices = Return $ to shareholders * Global costs Takes **$50-$60** a pound in order to be viable * Market needs to 2x price of uranium * New reactors are under construction * 50 in progress * Some old reactors retire * Interesting to see the MW/GW of reactors taken offline * To track the number of nuclear power being added/removed * Calculate the Net # of MW/GW * When they come online * When the come offline * Takes years for Uranium to be mined * Can’t just massively increase supply if demand is hitting * Uranium mining is Capital intensive * New plants take time to pass regulation, development * Uranium Fuel Cycle takes **18-24 Months** from Start-Finish (see below) * VERY DIFFERENT THE GAS/SHALE industry for mining (attaining greater supply) Uranium Fuel Cycle ------------------ * 18-24 months * Mine uranium ore * Crush rock ore into powder and stacked into drums to ship to processing plant U3O8 * Uranium goes from black to yellow (UO3 - Uranium trioxide) at processing plant ‘Yellowcake’ * Enriched at a plant by adding chemicals and processing UO3 -> UO2 (Uranium dioxide) which is the UO2 that is used for nuclear fuel * Fabricated into Pellets * Pellets are put into rods Top Uranium Producers Worldwide (2021) ====================================== These numbers are captured from the World Nuclear Association using 2021 Uranium production * Kazakhstan ~ 45% * Namibia ~ 12% * Canada ~ 9% * Australia ~ 9% * Uzbekistan ~ 7% * Russia ~ 5% * Niger ~ 5% * China ~ 4% * India ~ 1% * Ukraine ~ 1% * South Africa ~ 1% * Others ~ 1% Producers shutdowns =================== * Producers shutdowns have occurred (mainly due to Covid) causing a supply shortage * Market prices initially took off a bunch naturally… (supply/demand economics) * $50 spot price necessary for some of these mines to be profitable basic math * Can't be pulling uranium out of the ground for $50 and sell for $15-16 * Efficient producers getting shutdown were interesting * Kazakhstan cheapest production in the world got shut down * Canadians (two of the highest grade mines in the world) * McArthur lake * Cigar lake China ===== * China has what’s called the 3-legged stool * **1\. ) Domestic production** * So far not so good at finding Uranium * They are willing to go to length (been digging deep for tests) * **2.) Ownership of Uranium assets overseas** * They can do this through acquisition of projects or joint ventures * China only has access to 2 / 5 of the top Uranium producers * Kazakhstan & Namibia * Australia currently does not allow china to even discuss having control of Uranium assets so that’s a non-starter due to current politics * Canada has laws to prevent > 49% ownership * Niger is currently sovereign under France so China would have to operate in partnership with France unless China is willing to undertake responsibility * Namibia * Friendly with Uranium production/mining * CGN owns 90% of the whosub mine * CNNC has controlling interest in the rossing mine * CNNC has 25% of Lenn-Heinrick mine **3.) Accumulating pounds of Uranium in the Spot Market/Inventory** * Big buyer in kaKazakhstan * Been in accumulation mode during the bear market * China has the long-game outlook * **China’s Inventory:** * People confuse the Large inventory right now, some say China is done buying, but Brandon Munro states everyone’s wrong and that China has lots more buying to do as the current stockpile is for security for further project rollouts * China is going to by more as the current high-end estimates are that by 2040 China will consume the same amount of Uranium that is currently mined each year today * China has to buy more as inference from the two points from above, nations like Russia and the United States will not like the squeeze in price that will inevitably occur when China needs to buy more. So China purchasing more will have impacts globally on the Uranium market in time where supply shortages are very evident Uranium Revisited ================= **October 9, 2021** * People need to understand that $21/lb -> $50/lb * Makes uranium market ½ as attractive * Last ½ of market still very ‘fun’ (2-3x in 2years) * IEA estimates the total cost to produce 1 pound of Uranium is $55-65 per pound * Total cost (not just mining) * Production * Refinement * Shipping * In the United States * 14% of total electrical consumption is Nuclear Energy * 20% of baseload consumption is Nuclear Energy * Due to Inflation, the price doesn’t go up relative to cost of production * Current Supply + Demand Economics * 200M/lbs of Demand in Uranium globally * 130M/lbs supply in Uranium globally * **70M/lbs supply deficit globally!!** * Immediate moves in Uranium price have already occurred * Note: Sprott ATM offering in Aug 17-19 kicked prices into action * Shutting down mines takes 2 years to get back to full production * Process * Mine - Refinement - Yellowcake - (Taking 1 year of time) * Supply can be relatively unaffected by price for up to 3 years * Demand for uranium relative to price is extremely inelastic * Sprott getting involved sped up the timeframe of investment thesis * Some above ground inventories may sell to Sprott * Increase in liquidity when $SPUT is listed on NYSE * Although may not be the case anymore according to Rick Rule as he did not anticipate such a vast amount of $ to flow into the Toronto Stock Exchange * Restarting 40 Nuclear Power Plants in Japan * Increase demand by 20M lbs/year * Reduce supply available for sale in their inventories * Utility companies have been playing chicken with signing long-term price contracts * Been buying directly off spot markets for past few years as its been cheap * With entrance of Sprott buying consistently in spot market, they have soaked up most of the bid * Due to this you will start to see increase in utility signing long term contracts * Good for market in general as a previously stagnant market is coming alive again * $SPUT being ‘green lit’ before Q1 2022 is very optimistic Uranium Thesis ============== * Clean Carbon-free Energy * Baseload energy * Demand outpaces Supply * Supply demand fundamentals * China on Track to consume current globally supply today by 2040 * Energy crisis globally * Puts pressure on Nations to go Nuclear as * Pushed politically to go “_clean_” (greenwashing) * Its scientifically the most least carbon emitting Energy Source according to the United Nations * Renewed realizations that Solar + Wind + battery storage will not cut it. * Japan restarting Nukes * EU Taxonomy Green Label + incentives * Plans For New Reactors Worldwide - [Constantly being updated](https://www.world-nuclear.org/information-library/current-and-future-generation/plans-for-new-reactors-worldwide.aspx) * Greenflation/Inflation * oil/gas increasing is burden to consumers * Considering “_dirty_” fossil fuels * Shift for economic/ecological solution * Biden $6B program Uranium Revisited 2022 ====================== * Feb 7, 2022 * URA rebalancing has completed (word from Justin Huhn - Uranium Insider) * Fed 9, 2022 (AFTER MARKET CLOSE COMMENTS ON CAMECO) * [RBC - Cameco](https://twitter.com/UraniumEquities/status/1491763514771443717)**:** _"Well-positioned to benefit from positive trends in uranium. We are encouraged by increased long-term contracting activity signaling that the contract cycle is gaining momentum, which is a long term positive for Cameco"_ * [TD - Cameco](https://twitter.com/UraniumEquities/status/1491761261507448840): - _"Contracting Cycle Gaining Momentum. The resumption of a term contract cycle is the final indicator we have been looking for to suggest that uranium pricing is setting the stage for another leg higher.”_ * Cameco's [Disciplined Approach](https://twitter.com/UraniumEquities/status/1491760526484987905) to McArthur Restart well Received by market Timeline of Events Since I’ve Been Tracking Uranium Space ========================================================= **2021** * [New Jersey nuclear plant proposed at site of old reactor](https://www.pbs.org/newshour/economy/new-nuclear-plant-could-rise-at-site-of-former-one-in-nj) **Jan 5, 2021** * [Mini Nuclear Reactors Offer Promise of Cheaper, Clean Power](https://www.wsj.com/articles/mini-nuclear-reactors-offer-promise-of-cheaper-clean-power-11613055608) **Feb 11, 2021** * [Safe Nuclear Reactors? It's Time to Separate Fact From Fiction](https://interestingengineering.com/innovation/safe-nuclear-reactors-fact-from-fiction) **Feb 19, 2021** * [France extends lifetime of its oldest nuclear reactors](https://www.seattletimes.com/business/france-extends-lifetime-of-its-oldest-nuclear-reactors/) **Feb 25, 2021** * [Canada Embraces Nuclear Energy Expansion to Lower Carbon Emissions](https://www.wsj.com/articles/canada-embraces-nuclear-energy-expansion-to-lower-carbon-emissions-11614767403) **Mar 3, 2021** * [Nuclear Power Looks to Regain Its Footing 10 Years after Fukushima](https://www.scientificamerican.com/article/nuclear-power-looks-to-regain-its-footing-10-years-after-fukushima/) **Mar 9, 2021** * [Russia, Turkey collaborate on nuclear reactor construction project](https://www.aljazeera.com/news/2021/3/10/turkeys-nuclear-dilemma) **Mar 10, 2021** * [Discovery of new high-grade unconformity-hosted uranium mineralization](https://www.prnewswire.com/news-releases/denison-announces-discovery-of-high-grade-uranium-mineralization-at-mcclean-lake-south-301268471.html) **Apr 14, 2021** * [Small Nuclear Reactor Study Released, Alberta Signs SMR MOU](https://www.saskatchewan.ca/government/news-and-media/2021/april/14/small-nuclear-reactor-study-released-alberta-signs-smr-mou) **Apr 14, 2021** * [The end of the world's capital of brown coal](https://www.bbc.com/future/article/20210419-the-end-of-the-worlds-capital-of-brown-coal) **Apr 19, 2021** * [Iraq considers nuclear energy](https://www.aljazeera.com/economy/2021/6/8/iraq-plans-nuclear-power-plants-to-tackle-electricity-shortage) **Apr 26, 2021** * [Japan utility gets OK to restart 3 old nuclear reactors](https://apnews.com/article/science-business-emissions-reduction-japan-cd6002d933612070e30be69afde03e47) **April 28, 2021** * [WhiteHouse Eyes Subsidies for Nuclear Plants to Meet Climate Targets](https://www.newsmax.com/politics/white-house-biden-subsidies-nuclear-plants/2021/05/05/id/1020182/) **May 5, 2021** * [Three Northern Indigenous companies sign on to small nuclear reactors](https://www.cbc.ca/news/canada/saskatchewan/memorandum-of-understanding-nuclear-power-saskatchewan-1.6028892) **May 11, 2021** * [Bill Gates' next generation nuclear reactor to be built in Wyoming](https://www.reuters.com/business/energy/utility-small-nuclear-reactor-firm-select-wyoming-next-us-site-2021-06-02/) **Jun 2, 2021** * [Japan Restarts First Nuclear Reactor Since 2018 Amid Hurdles](https://www.bnnbloomberg.ca/japan-restarts-first-nuclear-reactor-since-2018-amid-hurdles-1.1620503) **Jun 22, 2021** * [China launches first commercial onshore small reactor project](https://www.reuters.com/world/china/china-launches-first-commercial-onshore-small-reactor-project-2021-07-13/) **Jul 12, 2021** * [Canada’s nuclear industry wants to build reactors in the Arctic](https://www.nnsl.com/news/canadas-nuclear-industry-wants-to-build-reactors-in-the-arctic/) **Jul 15, 2021** * [U.K. Moves Ahead With Small Nuclear Reactor Pilot Program](https://www.bnnbloomberg.ca/u-k-moves-ahead-with-small-nuclear-reactor-pilot-program-1.1634187) **Jul 28, 2021** * [Sprott Physical Uranium Trust Launches "At-The-Market" Equity Program](https://sprott.com/investor-relations/press-releases/sprott-physical-uranium-trust-launches-at-the-market-equity-program/) **Aug 17, 2021** * [Illinois legislature edges closer to saving two nuclear power plants](https://www.reuters.com/world/us/illinois-legislature-edges-toward-saving-two-nuclear-power-plants-2021-09-09/) **Sep 9, 2021** * [UAE's Second Nuclear Reactor Begins Operations](https://www.reuters.com/world/middle-east/uaes-barakah-nuclear-power-starts-second-reactor-government-says-2021-09-10/) **Sep 11, 2021** * [Kazatomprom Announces Investment in Physical Uranium Fund $50M](https://sauran.kazatomprom.kz/en/sub-news/kazatomprom-announces-investment-physical-uranium-fund) **Oct 18, 2021** * [France Vows to build new nuclear reactors to meet climate goals](https://apnews.com/article/climate-business-europe-emmanuel-macron-environment-and-nature-541530ed81a84ef90860c9970f0a5517) Nov **9, 2021** * [President signs Infrastructure Bill w/ Nuclear Energy Provisions included](https://www.energy.gov/articles/doe-fact-sheet-bipartisan-infrastructure-deal-will-deliver-american-workers-families-and-0) **Nov 9, 2021** * [Sprott Uranium Trust seeks to raise up to $3.5B to buy more uranium](https://www.kitco.com/news/2021-11-23/Sprott-Uranium-Trust-allowed-to-raise-up-to-3-5-billion-to-buy-more-uranium.html) **Nov 23, 2021** * [U.S. energy chief hints California may grant reprieve last nuclear plant](https://financialpost.com/pmn/business-pmn/u-s-energy-chief-hints-california-may-grant-reprieve-to-its-last-nuclear-plant) **Nov 30, 2021** * [Cambridge BWXT Canada lands nuclear contracts worth up to $1B](https://www.therecord.com/business/technology/2021/12/15/cambridges-bwxt-canada-lands-nuclear-contracts-worth-up-to-1-billion.html) **Dec 15, 2021** **2022** * [Conflict in Kazakhstan, World’s largest producer of Uranium](https://www.bloomberg.com/news/articles/2022-01-05/turmoil-in-uranium-rich-kazakhstan-threatens-to-elevate-prices) **Jan 5, 2022** * [Energy price hike prompts Italian nuclear rethink](https://www.politico.eu/article/energy-price-hike-prompt-italy-nuclear-rethink/) **Jan 5, 2022** * [WSJ - Is Nuclear Power Part of the Climate Solution?](https://www.wsj.com/articles/is-nuclear-power-part-of-the-climate-solution-11641571176) **Jan 7, 2022** * [Majority of U.S. states to favor nuclear power for emission cuts](https://apnews.com/article/climate-technology-business-nuclear-power-environment-and-nature-cfb21ab68a9e7005cc08873f2a5a7031) **Jan 18, 2022** * [Kazatomprom to Produce 21,000-22,000 Tons of Uranium in 2022](https://www.kitco.com/news/2022-01-27/Top-uranium-miner-Kazatomprom-ups-production-10-in-2021-flags-supply-chain-issues.html) **Jan 27, 2022** * [Sweden Approves Nuclear Waste Site to Keep Its Reactors Running](https://www.dw.com/en/sweden-approves-plans-for-forsmark-nuclear-waste-storage-site/a-60584787) **Jan 28, 2022** * [EU Taxonomy](https://finance.ec.europa.eu/system/files/2022-02/sustainable-finance-taxonomy-complementary-climate-delegated-act-factsheet_en.pdf) **Feb 2, 2022** * [Clean fusion power in Canada](https://generalfusion.com/post/bruce-power-general-fusion-and-nuclear-innovation-institute-sign-agreement-to-advance-a-net-zero-future/) **Feb 2, 2022** * [Questions and Answers on the EU Taxonomy Complementary Climate Delegated Act covering certain nuclear and gas activities](https://ec.europa.eu/commission/presscorner/detail/en/QANDA_22_712) **Feb 2, 2022** * Justin Huhn - “Cameco contracted more in 1 month of Jan 2022 (40mlbs) than all of 2021 (30mlbs)” **Feb 9, 2022** * [Cameco Q4/Annual Results - Tim Gitzel Cameco CEO: "IT IS TIME."](https://www.cameco.com/media/news/cameco-reports-q4-annual-results) **Feb 9, 2022** * [China’s Hualong One Nuclear Reactor Design Purchased By Argentina](https://oilprice.com/Latest-Energy-News/World-News/Chinas-Hualong-One-Nuclear-Reactor-Design-Purchased-By-Argentina.html) **Feb 9, 2022** * [U.S. utilities push White House not to sanction Russian uranium](https://www.reuters.com/business/energy/exclusive-us-utilities-push-white-house-not-sanction-russian-uranium-2022-03-02/) **Mar 2, 2022** * [Philippines to revive nuclear energy program to help replace coal plants](https://www.arabnews.com/node/2035586/world) **Mar 3, 2022** * [Pro-nuclear candidate Yoon elected in South Korea](https://www.aljazeera.com/news/2022/3/9/south-korean-opposition-candidate-yoon-wins-presidential-election) **Mar 9, 2022** * [US Senators introduce bill to ban US imports of Russian uranium](https://www.usnews.com/news/world/articles/2022-03-17/u-s-senators-introduce-bill-to-ban-u-s-imports-of-russian-uranium) **Mar 17 2022** * [US Seeks $4.3 Billion for Uranium to Wean Off Russia Supply](https://www.bnnbloomberg.ca/us-seeks-4-3-billion-for-uranium-to-wean-off-russia-supply-1.1775715) **Jun 7, 2022** * [UEC to double resources through UEX acquisition](https://world-nuclear-news.org/Articles/UEC-to-double-resources-through-UEX-acquisition) **Jun 14, 2022** * [MEPs on two committees vote against EU taxonomy delegated act](https://www.world-nuclear-news.org/Articles/Committees-of-MEPs-vote-against-EU-taxonomy) **Jun 14, 2022** * [Cross-party alliance seeks to block nuclear and gas from EU’s green taxonomy](https://www.euractiv.com/section/energy-environment/news/cross-party-alliance-seeks-to-block-nuclear-and-gas-from-eus-green-taxonomy/) **Jun 14, 2022** * [IEA warns Europe to prepare for total shutdown of Russian gas exports](https://www.irishtimes.com/business/2022/06/22/iea-warns-europe-to-prepare-for-total-shutdown-of-russian-gas-exports/) **Jun 22, 2022** * [Canada / Regulator Grants Additional 10 Years For Point Lepreau Nuclear Plant](https://www.nucnet.org/news/regulator-grants-additional-10-years-for-point-lepreau-nuclear-plant-6-4-2022) **Jun 23, 2022** * [Perspective: Why Nuclear Power is Good for Public Health](https://proto.life/2022/06/perspective-why-nuclear-power-is-good-for-public-health/) **Jun 23, 2022** * [Japan heat wave: PM calls for 'maximum' nuclear power use](https://asia.nikkei.com/Business/Energy/Japan-heat-wave-PM-calls-for-maximum-nuclear-power-use) **Jun 29, 2022** * [BMO Lifts Long Term Uranium Price Outlook To $58 Per Pound](https://thedeepdive.ca/bmo-lifts-long-term-uranium-price-outlook-to-58-per-pound/) **Jun 28, 2022** * [EU parliament backs labelling gas and nuclear investments as green](https://www.reuters.com/business/sustainable-business/eu-parliament-vote-green-gas-nuclear-rules-2022-07-06/) **Jul 6, 2022** * [Amid Global Crises, Nuclear Power Provides Energy Security with Increased Electricity Generation in 2021](https://www.iaea.org/newscenter/news/amid-global-crises-nuclear-power-provides-energy-security-with-increased-electricity-generation-in-2021) **Jul 14, 2022** * [NRC To Issue Rule Certifying NuScale Small Modular Reactor](https://www.nrc.gov/reading-rm/doc-collections/news/2022/22-029.pdf) **Jul 29, 2022** * [Ukraine war: IAEA says Zaporizhzhia nuclear plant out of control](https://www.bbc.com/news/world-europe-62412429) **Aug 3, 2022** * [Chinese molten-salt reactor cleared for start up](https://www.world-nuclear-news.org/Articles/Chinese-molten-salt-reactor-cleared-for-start-up) **Aug 9, 2022** * [Threats of Blackouts Drive Japan to Embrace Nuclear Again](https://www.bloomberg.com/news/articles/2022-08-24/japan-wants-to-restart-more-reactors-to-avoid-power-shortages#xj4y7vzkg) **Aug 23, 2022** * [California lawmakers vote to extend Diablo Canyon nuclear plant operations as state battles energy emergency](https://www.cnbc.com/2022/09/01/california-lawmakers-vote-to-keep-diablo-canyon-nuclear-plant-open.html) **Sep 1, 2022** * [Cameco, Brookfield Renewable Partners to Buy Westinghouse Electric for $7.88 Billion](https://www.wsj.com/articles/cameco-brookfield-renewable-partners-to-buy-westinghouse-electric-co-for-7-88-billion-11665524511) **Oct 11, 2022** * [Denison Announces History-Making Recovery of Uranium Bearing Solution from Phoenix ISR Feasibility Field Test](https://www.newswire.ca/news-releases/denison-announces-history-making-recovery-of-uranium-bearing-solution-from-phoenix-isr-feasibility-field-test-840841344.html) **Oct 17, 2022** * [Wind farm in Germany is being dismantled to expand coal mine](https://balkangreenenergynews.com/wind-farm-in-germany-is-being-dismantled-to-expand-coal-mine/) **Oct 25, 2022** * [GoviEx Announces Positive Results from Completed Falea Copper-Silver-Uranium Exploration Program](https://finance.yahoo.com/news/goviex-announces-positive-results-completed-110000455.html) **Oct 31, 2022** * [Cameco Signs Uranium Supply Agreement with China Nuclear International Corporation](https://www.cameco.com/media/news/cameco-signs-uranium-supply-agreement-with-china-nuclear-international-corp) **Nov 7, 2022** * [Canada proposes tax credits for SMRs](https://www.ans.org/news/article-4495/canada-proposes-tax-credits-for-smrs/) **Nov 11, 2022** * [Biden gives PG&E $1 billion to keep the Diablo Canyon nuclear plant open](https://www.latimes.com/business/story/2022-11-21/biden-gives-pge-1-billion-to-keep-diablo-canyon-nuclear-plant-open) **Nov 21, 2022** * [Two Finnish nuclear reactors to receive fuel from US](https://www.euractiv.com/section/politics/news/two-finnish-nuclear-reactors-to-receive-fuel-from-us/) **Nov 23, 2022** * [China and the US Are Racing to Go Nuclear in Space](https://www.vice.com/en/article/jgp4qy/china-us-nuclear-moon-base) **Nov 23, 2022** * [France to pay up to €500m for falling short of renewable energy targets](https://www.lemonde.fr/en/environment/article/2022/11/25/renewable-energy-france-will-have-to-pay-several-hundred-million-euros-for-falling-short-of-its-objectives_6005566_114.html) **Nov 25, 2022** * [Small nuclear power plants to replace gas in quest for net zero](https://www.thetimes.co.uk/article/uk-nuclear-power-plants-net-zero-hfgwvskj8) **Nov 26, 2022** * [Uniper's Irsching 3 power plant temporarily returns to the market next year](https://www.uniper.energy/news/unipers-irsching-3-power-plant-temporarily-returns-to-the-market-next-year) **Nov 29, 2022** * [Canada / Port Authority Announces Plans For ARC-100 SMR At New Brunswick Green Energy Hub](https://www.nucnet.org/news/port-authority-announces-plans-for-arc-100-smr-at-new-brunswick-green-energy-hub-12-4-2022) **Dec 1, 2022** * [Ford marks start of construction on Canada's first grid-scale nuclear reactor](https://www.cp24.com/mobile/news/ford-marks-start-of-construction-on-canada-s-first-grid-scale-nuclear-reactor-1.6177978) **Dec 2, 2022** * [Energy Fuels (UUUU) Gets $18.5M Government Uranium Contract](https://finance.yahoo.com/news/energy-fuels-uuuu-gets-18-163904244.html) **Dec 19, 2022** * [Uranium Energy Corp Wins Award from the U.S. Department of Energy to Supply 300,000 lbs. U3O8 at $59.50/lb. to the Strategic Uranium Reserve](https://ca.finance.yahoo.com/news/uranium-energy-corp-wins-award-120000594.html) **Dec 20, 2022** **2023** * [Italy / National Society Calls For Government To Restart Nuclear Programme As Part Of ‘Energy Mix Of Future’](https://www.nucnet.org/news/national-society-calls-for-government-to-restart-nuclear-programme-as-part-of-energy-mix-of-future-1-3-2023) **Jan 4, 2023** * [Study shows advantages of charging electric heavy-duty vehicles with small modular nuclear reactors](https://techxplore.com/news/2023-01-advantages-electric-heavy-duty-vehicles-small.html) **Jan 17, 2023** * [“The nuclear Industry bought/contracted 110 milion lbs U308 in 2022. Cameco sold 77M lbs of thoose. Our pipeline of negotiations have not shrunk. 2023 are gonna be a good year.”](https://www.cameco.com/invest/events-presentations/cibc-western-institutional-investor-conference-2023) **Jan 20, 2023** * [US regulator completes first SMR design certification rulemaking](https://www.world-nuclear-news.org/Articles/US-regulator-completes-first-SMR-design-certificat) **Jan 23, 2023** * [GE Hitachi Signs Contract for the First North American Small Modular Reactor](https://www.ge.com/news/press-releases/ge-hitachi-signs-contract-for-the-first-north-american-small-modular-reactor) **Jan 27, 2023** * [Japan Adopts Plan to Make Maximum Use of Nuclear Power](https://japannews.yomiuri.co.jp/business/companies/20230210-90175/) **Feb 10, 2023** * [EU Commission scratches Russia nuclear sanctions plans](https://www.politico.eu/article/rosatom-russia-ukraine-volodymyr-zelenskyy-vladimir-putin-eu-executive-scratches-russia-nuclear-sanctions-plans/) **Feb 16, 2023** * [Officials: No injuries, release of radioactivity after uranium fire at Y-12 in Oak Ridge](https://www.wjhl.com/news/regional/tennessee/emergency-personnel-respond-to-y-12-in-oak-ridge/) **Feb 22, 2023** * [Dow and X-energy to build U.S. Gulf Coast nuclear demonstration plant](https://www.reuters.com/business/energy/dow-x-energy-build-us-gulf-coast-nuclear-demonstration-plant-2023-03-01/) **Mar 1, 2023** * [EU rewrites climate diplomacy deal to resolve nuclear sticking point](https://www.reuters.com/business/environment/eu-rewrites-climate-diplomacy-deal-resolve-nuclear-sticking-point-2023-03-06/) **Mar 6, 2023** * [JOINT STATEMENT BETWEEN THE DEPARTMENT OF ENERGY OF THE UNITED STATES OF AMERICA AND THE DEPARTMENT OF NATURAL RESOURCES OF CANADA ON NUCLEAR ENERGY COOPERATION](https://www.canada.ca/en/natural-resources-canada/news/2023/03/joint-statement-between-the-department-of-energy-of-the-united-states-of-america-and-the-department-of-natural-resources-of-canada-on-nuclear-energ.html) **Mar 27, 2023** * [Michigan could provide $300m to reopen nuclear power plant](https://www.power-eng.com/nuclear/michigan-could-provide-300m-to-reopen-nuclear-power-plant/) **Apr 17, 2023** * [Word on the Nuclear Street: Demand, Demand, Demand](https://www.nei.org/news/2023/word-on-the-nuclear-street-demand-demand-demand) **May 23, 2023** * [Namibia Considers Taking Stakes in Mining and Petroleum Companies](https://www.bloomberg.com/news/articles/2023-05-29/namibia-mulls-taking-stakes-in-mining-petroleum-companies#xj4y7vzkg) **May 29, 2023** * [Windhoek ‘has no plans’ to take stakes in existing gas or mineral licences, government tells African Energy](https://www.africa-energy.com/news-centre/article/namibia-no-plans-stakes-existing-gas-mineral-licences) **May 31, 2023** * [U.S. Department of Energy to Acquire High-Assay Low-Enriched Uranium Material](https://www.energy.gov/ne/articles/us-department-energy-acquire-high-assay-low-enriched-uranium-material) **Jun 5, 2023** * [New nuclear reactors coming to Bruce County](https://london.ctvnews.ca/ontario-minister-of-energy-to-make-announcement-in-bruce-county-1.6467153) **Jul 5, 2023** * [Opinion: It would be foolish not to refurbish Pickering nuclear plant](https://financialpost.com/opinion/case-for-refurbishing-pickering-nuclear-plant) **Jul 10, 2023** * [Powering Ontario’s Growth](https://www.ontario.ca/page/powering-ontarios-growth) **Jul 10, 2023** * [The Ford government made a good call on nuclear power](https://www.tvo.org/article/the-ford-government-made-a-good-call-on-nuclear-power) **Jul 13, 2023** * [Sweden to clear obstacles for new nuclear reactors](https://www.zawya.com/en/world/uk-and-europe/sweden-to-clear-obstacles-for-new-nuclear-reactors-fymh51z0) **Aug 9, 2023** * [Hydro-Québec mulls reviving province's nuclear reactor, 10 years after shutdown](https://www.cbc.ca/news/canada/montreal/quebec-nuclear-reactor-gentilly-2-1.6932355) **Aug 10, 2023** * [Will Niger Troubles Squeeze Uranium Supply?](https://www.forbes.com/sites/eliasferrerbreda/2023/08/29/will-niger-troubles-squeeze-uranium-supply/?sh=2a57d70a2d48) **Aug 29, 2023** * [A Huge Paradigm Shift for Uranium After the World Nuclear Symposium](https://greeninvesting.co/2023/09/a-huge-paradigm-shift-for-uranium-after-the-world-nuclear-symposium/) **Sep 14, 2023** **2024** * [New Nuclear ETF Range Nuclear Renaissance Index ETF (NYSE:$NUKZ) launches](https://stockhouse.com/news/press-releases/2024/01/24/exchange-traded-concepts-announces-launch-of-range-etf-suite) **January 24, 2024** * --- *Originally published on [Pingu0x](https://paragraph.com/@pingu0x/investing-in-uranium)*