Russia’s Uranium Cash Cow Under Threat Despite Price Surge

1 month ago
17 Views

Prices for uranium are soaring amid a push by governments to meet climate goals while new U.S. sanctions on major producer Russia could spur North America to produce more of the vital fuel for nuclear power stations.The Biden administration has put Russia’s uranium on its expanding sanctions list for Russian President Vladimir Putin’s invasion of Ukraine on February 24, 2022, raising the stakes for the U.S.

‘The only way to work your way out of that legacy situation is you need to have higher prices to incentivize the building of new mines,’ Ciampaglia said.One of those incentivized is NexGen Energy, which is in the final stages of federal permitting approval for the Rook I Project in Saskatchewan’s uranium rich Athabasca Basin and aims to eventually provide nearly one-quarter of the world’s nuclear fuel.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Orano at risk of losing Niger uranium mine sought by RussiaNo 1 source of global mining news and opinion

Source: mining – 🏆 449. / 53 Read more »

Russia is said to seek French-held uranium assets in NigerNo 1 source of global mining news and opinion

Source: mining – 🏆 449. / 53 Read more »

Russia co-opts far-right politicians in Europe with cash, officials sayA Kremlin-backed media outlet — the Prague-based Voice of Europe — funneled hundreds of thousands of euros to far-right politicians, officials say.

Source: washingtonpost – 🏆 95. / 72 Read more »

India urges Russia to return its citizens recruited by Russia’s army after 2 killedIndia says it has urged Russia to return Indian citizens recruited by Russia’s army after two were killed recently in the war in Ukraine

Source: ABC – 🏆 471. / 51 Read more »

India urges Russia to return its citizens recruited by Russia’s army after 2 were killedIndia says it has urged Russia to return Indian citizens recruited by Russia’s army after two were killed recently in the war in Ukraine. India previously said its authorities were in talks with Russia about the return of its citizens who it said had been duped into working for the Russian army.

Source: AP – 🏆 728. / 51 Read more »

India urges Russia to return its citizens recruited by Russia’s army after 2 were killedIndia says it has urged Russia to return Indian citizens recruited by Russia’s army after two were killed recently in the war in Ukraine

Source: sdut – 🏆 5. / 95 Read more »…Read more by Newsweek

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

IJNN

FREE
VIEW