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Cameco says it can ramp up core uranium asset production when demand recovers

Canadian uranium producer Cameco has said it is well positioned to respond to rising market demand, and will prioritize increasing output from its core assets if demand becomes clearer. Grant Isaac, Cameco's President and Chief Operating Officer, said on a company podcast discussing long-term strategy that Cameco remains committed to supply discipline, focusing on meeting customers' actual needs rather than setting overly ambitious growth expectations in the absence of confirmed demand. Isaac said the company is prepared to increase production from Tier 1 assets such as the McArthur River uranium mine and the Key Lake mill when market demand rises, lifting output from the current approximately 10 million to 11.5 million pounds of U3O8 to 25 million pounds.

2026-08-13

TRISO-X and Oak Ridge National Laboratory Extend Advanced Nuclear Fuel R&D Collaboration

TRISO-X announced on August 11 that it has extended its Collaborative Research and Development Agreement with the U.S. Department of Energy's Oak Ridge National Laboratory (ORNL). The newly signed agreement has a term of 30 months and will continue to advance commercial-scale development of TRISO fuel, manufacturing process optimization, and technology transfer, building on the collaboration established since 2016. TRISO-X is a wholly-owned subsidiary of X-energy, primarily engaged in advanced nuclear fuel manufacturing. Under the agreement, TRISO-X will continue to operate its existing pilot-scale facilities at Oak Ridge National Laboratory, with a focus on transitioning TRISO fuel from laboratory R&D to commercial-scale manufacturing. The collaboration includes optimizing fuel...

2026-08-12

Urenco in Almelo, Netherlands accelerates expansion, ninth centrifuge hall enters planning

Urenco in Almelo, the Netherlands, is continuing its large-scale expansion. Before a new large facility has even been completed, the company has already begun advancing its next expansion project, with a ninth production hall housing thousands of centrifuges now in the preparatory stage. This signals a clear acceleration in the pace of the company's uranium enrichment capacity expansion. Urenco's core business is supplying fuel for nuclear power plants, namely enriching uranium through centrifuges. In recent years, tight global energy supply, fluctuating natural gas prices, and heightened energy security concerns have brought nuclear energy back into focus for many countries. As demand for nuclear power rises, the importance of the nuclear fuel supply chain has also grown, and Urenco...

2026-08-12

South Korea Establishes New Specialized Agency to Advance Nuclear-Powered Submarine Construction Project

South Korea's Ministry of National Defense stated on the 11th that President Lee Jae-myung presided over a State Council meeting that day, deliberating and approving amendments to the "Enforcement Decree on the Organization of the Ministry of National Defense and Its Affiliated Agencies" and the "Enforcement Decree on the Organization of the Defense Acquisition Program Administration and Its Affiliated Agencies." Under the amendments, South Korea will establish a new specialized agency to advance the nuclear-powered submarine construction project. According to the relevant arrangements, a Nuclear-Powered Submarine Policy Planning Group will be established under the Ministry of National Defense, responsible for coordinating the formulation of policies and systems required for nuclear-powered submarine construction and facilitating cooperation among relevant agencies. On the side of the Defense Acquisition Program Administration, the existing Korean Submarine Project Group is planned to be reorganized and expanded into a Nuclear-Powered Submarine Project Group, with the concurrent establishment of a Nuclear-Powered Submarine Project Team and a Nuclear Power System Project Team...

2026-08-12

Fluor's Q2 New Orders Surge to $6.1 Billion, Nuclear Fuel Enrichment Projects Boost Backlog to $26.9 Billion

U.S. engineering and construction giant Fluor demonstrated a clear acceleration in order intake in the second quarter of 2026, with new project awards reaching $6.1 billion, significantly higher than the $1.8 billion recorded in the same period last year. Among these, nuclear fuel enrichment projects emerged as a key highlight, driving the company's ending backlog to $26.9 billion. The rapid expansion in order volume indicates that customer demand for its engineering, procurement, and construction capabilities is recovering, and also reflects the tangible results of converting earlier front-end design and project development work. In terms of contract structure, 89% of Fluor's new orders this quarter were reimbursable contracts, while reimbursable contracts also accounted for 85% of total backlog, up from 80% in the same period last year....

2026-08-09

TRISO-X Expands Oak Ridge Nuclear Fuel Campus with Approximately 70 Additional Acres

TRISO-X, LLC, a wholly owned subsidiary of X-Energy, Inc., announced on August 4 that it has acquired approximately 70 acres of land near its commercial nuclear fuel campus in Oak Ridge, Tennessee, to support the continued construction and long-term expansion of its fuel manufacturing facility. Following the acquisition, TRISO-X's total campus footprint in the area has expanded to approximately 180 acres. The land acquisition was announced at a meeting of the Oak Ridge Industrial Development Board. The newly acquired land comprises two separate parcels and will provide additional space for utility access, equipment staging, fuel storage, and future...

2026-08-05

ASP Isotopes PET Lab Revenue Grows Over 50% in First Half of Year, Isotope Enrichment Facilities Advance Toward Commercial Production

ASP Isotopes Inc. recently released a letter to shareholders outlining operational progress across its business segments ahead of the company's second-quarter 2026 financial results announcement. The company stated that its PET lab segment achieved organic revenue growth of more than 50% in the first half of 2026 compared to the same period in 2025. Based on current expectations, the segment's full-year 2026 revenue is projected to be approximately $14 million, up from $6 million in 2025. PET-related operations are typically closely associated with radiopharmaceutical preparation, molecular imaging, and nuclear medicine diagnostic applications. On the isotope front, ASP Isotopes stated that its silicon-28 and ytterbium-176 enrichment facilities have entered the final stage before commercial production, with first deliveries expected in the second half of 2026...

2026-08-05

U.S. Department of Energy Highlights Progress in Legacy Waste Cleanup and Medical Isotope R&D

Recently, senior officials from the U.S. Department of Energy attended an event hosted by the U.S. House Nuclear Cleanup Caucus, presenting the application progress of legacy nuclear waste cleanup efforts in medical isotope R&D and future energy technologies. The event, themed "DOE's Isotope Mission: Legacy Cleanup Saves Lives, Empowers America's Future," focused on how nuclear cleanup missions align with isotope production and medical research. DOE's Under Secretary for Science Dario Gil, along with Oak Ridge National Laboratory Environmental Management Office Manager Eric Olds and Savannah River Operations Office Manager Edwin DeShon, jointly attended the event. DeShon...

2026-08-03

SuperCritical Obtains Exclusive License for Uranium Extraction from Seawater Technology, Plans Industrial Deployment in the United States

SuperCritical Materials Corp., a U.S. developer of nuclear fuel and critical materials infrastructure, announced on July 24 that it has obtained an exclusive license from Battelle Memorial Institute for a patented uranium adsorbent technology used to extract uranium from seawater. The technology was originally developed by Pacific Northwest National Laboratory (PNNL) and its research partners. Battelle Memorial Institute currently manages eight national laboratories for the U.S. federal government. SuperCritical stated that the technology has been verified to extract uranium from seawater...

2026-07-30

NextEra and Brookfield Plan $100 Billion Data Center Campus at Former Paducah Uranium Enrichment Site in the U.S.

NextEra Energy and Brookfield Asset Management plan to develop a data center campus and supporting power generation facilities with a total investment exceeding $100 billion at a federally owned former uranium enrichment site in Paducah, Kentucky, USA. The project is located on or near the U.S. Department of Energy (DOE) Paducah site. According to relevant announcements, the campus is expected to provide over 1.2 gigawatts of data center computing capacity and deliver up to 1.8 gigawatts of power to the grid. The project is scheduled to begin operations in 2028 and reach full development approximately four years later; other information indicates that overall construction is expected to be completed around 2031.

2026-07-30

Urenco Isotopes Collaborates on EMIS Test Facility to Strengthen Europe's Enriched Lanthanide Isotope Supply Chain

On July 28, 2026, Urenco Isotopes announced a collaboration with RI Research Instruments to advance the construction of a dedicated Electromagnetic Isotope Separation (EMIS) test facility, aiming to strengthen the future European supply chain for enriched lanthanide elements and meet the growing demand for high-purity stable isotopes in scientific research and potential medical isotope applications. Lanthanides are rare earth metals, and their isotopes may be used in the future for cancer diagnosis and treatment. Currently, reliable sources of high-purity lanthanide stable isotopes remain limited, with the supply chain concentrated among a few producers, and Europe's local supply capacity is relatively insufficient. Under the collaboration arrangement, RI Research Instruments...

2026-07-29

The U.S. Department of Energy conditionally allocates HALEU fuel to NASA and Radiant.

On July 23, the U.S. Department of Energy (DOE) announced a conditional commitment to provide High-Assay Low-Enriched Uranium (HALEU) to NASA and Radiant Industries to meet near-term fuel needs. This marks the third round of HALEU allocations; the materia

2026-07-27

The U.S. Department of Energy conditionally allocates HALEU fuel to NASA and Radiant.

On July 23, the U.S. Department of Energy (DOE) announced a conditional commitment to provide High-Assay Low-Enriched Uranium (HALEU) to NASA and Radiant Industries to meet near-term fuel needs. This marks the third round of HALEU allocations; the materia

2026-07-27