Search Results

South Korea's Nuclear Expansion Faces Fuel Supply Pressure as Enriched Uranium Costs Surge Nearly Sixfold in Seven Years

Against the backdrop of accelerating global nuclear power construction and surging electricity demand from AI data centers, the nuclear fuel supply chain is facing new tensions. Due to limited uranium enrichment capacity and sanctions affecting Russian-related supplies, international uranium enrichment prices have risen sharply over the past seven years. South Korea's nuclear expansion plans are consequently facing fuel procurement pressure, with industry experts concerned that if mid- to long-term nuclear fuel security proves insufficient, newly built nuclear units could face operational risks in the future. Korea Hydro & Nuclear Power (KHNP) recently disclosed that South Korea's domestic annual enriched uranium consumption is expected to increase from approximately 460 tons currently to about 540 tons next year. The rising demand mainly stems from the overlap between life-extension operations of some older nuclear units and the commissioning of new units...

2026-08-18

Romania in Talks to Purchase 300 Tons of Uranium from Niger, Nuclear Fuel Supply Diversification Faces Legal Uncertainties

Romania's state-owned nuclear power company Nuclearelectrica has initiated negotiations to purchase 300 tons of uranium from Niger, against the backdrop of Romania's push to diversify its external nuclear fuel sources. The talks began on April 13, 2026, with Niger's Minister of Mines Ousmane Abarchi responding positively, after which the Romanian delegation continued engagement with the Nigerien side. The transaction is valued at approximately $40 million, but Nuclearelectrica has emphasized that no final agreement has been reached yet. The potential appeal of this uranium supply lies in Romania's expanding nuclear power development plans, while domestic large-scale uranium mining has ceased. As the operator of the Cernavodă nuclear power plant...

2026-08-10

Eagle Nuclear Energy Advances 47-Hole Pre-Feasibility Drilling at Aurora Uranium Project

Against the backdrop of rebuilding a domestic U.S. uranium supply chain, newly listed Eagle Nuclear Energy Corp. has entered the industry spotlight with what it claims to be the largest conventional measured+indicated uranium resource in the country. Its flagship Aurora uranium project, located on the Oregon-Nevada border, contains 32.75 million pounds of indicated resources and 4.98 million pounds of inferred resources under S-K 1300 standards. The company has submitted permit applications for a pre-feasibility drilling program comprising 47 holes totaling approximately 27,000 feet, with work slated to begin upon federal and state approvals and pre-feasibility study completion targeted for the second half of 2027. On the technical front, the company recently added Yukuskokon Professional Services and expanded its collaboration with BBA USA and SLR I...

2026-08-08

Newcleo Initiates U.S. Regulatory Pre-Application Engagement for MOX Fuel Facility, Accelerating Advanced Reactor Fuel Supply Chain Development

Advanced reactor and nuclear fuel company Newcleo has initiated regulatory pre-application engagement with the U.S. Nuclear Regulatory Commission (NRC) for a mixed oxide (MOX) fuel fabrication facility, with plans to advance construction at the Savannah River Site in South Carolina. This move indicates that the company is not only advancing the licensing of its advanced reactor itself but also seeking to establish supporting fuel supply capabilities in parallel, aiming to mitigate fuel bottlenecks in future commercial deployment. The submitted regulatory engagement plan represents a key step prior to formal license application, with the core objective of communicating with regulators in advance on facility design, safety standards, review scope, and key technical issues. Newcleo previously submitted its regulatory engagement plan for the LFR-AS-200 lead-cooled fast reactor to the NRC in July...

2026-08-07

X-Energy and Centrus Sign HALEU Supply Agreement, Accelerating U.S. Advanced Nuclear Fuel Supply Chain

X-Energy and Centrus Energy have signed a low-enriched uranium and high-assay low-enriched uranium supply agreement, marking a more concrete commercialization phase in fuel assurance for U.S. advanced nuclear reactors. Under the agreement, Centrus will provide uranium enrichment services at its American Centrifuge Plant in Pike County, Ohio, with the HALEU to be supplied to X-Energy's fuel subsidiary TRISO-X for the production of TRISO-coated particle fuel at its Oak Ridge, Tennessee fuel fabrication facility, serving the Xe-100 high-temperature gas-cooled small modular reactor. The significance of this agreement lies not only in the supply itself but also in its phased advance payment arrangement. X-Energy will support Centrus through advance payments...

2026-08-07

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