Uranium Report -Tuesday April 25, 2023
Greetings dear friends,
today we had the opportunity to see the light at the end of the tunnel. Uranium stocks finnished mixed, but with far more finnishing in green teritory then in the last couple of trading days. Spot price had a nice jump today, signaling that the spot market is slowly waking up. Stocks should follow the spot, especially if we see a strong earnings from Cameco on Friday.
Stay tuned.
MARKET DATA
📝 $1.12 rise in the price of #uranium spot for UK #nuclear fuel brokers 👇
📝 Numerco #uranium spot price up 2.10% at $53.36👇
📝US/CANADA URANIUM STOCKS PERFORMANCE
Out of the 76 uranium/ #nuclearenergy related stocks listed in #Canada and #US
29 finished in green territory,
25 stocks flat (13 with no volume at all),
22 stocks finished in red territory.
The winner of the day is Rush Rare Metals with 31.25% gain and looser of the day is First American Uranium with 18.75% loss.
Australian markets were closed today do to a ANZAC Day.
INDUSTRY NEWS
Construction begins of fourth Haiyang unit
First concrete has been poured for the nuclear island of unit 4 at the Haiyang nuclear power plant in China's Shandong province. It marks the official start of construction of the second of two CAP1000 pressurised water reactors planned as Phase II of the plant. The first concrete is poured for Haiyang 4's nuclear island basemat (Image: SNERDI)
The pouring of concrete began on 22 April and was completed on 24 April. During the continuous operation - which lasted 51 hours and 10 minutes - a total of 5512 cubic metres of concrete was poured, China Nuclear Industry 24 Construction Company said.
The construction of two new reactors at each of the Sanmen, Haiyang and Lufeng nuclear power plant sites was approved by the China's State Council on 20 April last year. The approvals were for Sanmen units 3 and 4, Haiyang 3 and 4 and units 5 and 6 of the Lufeng plant. The Sanmen and Haiyang plants are already home to two Westinghouse AP1000 units each, and two CAP1000 units - the Chinese version of the AP1000 - were approved for Phase II (units 3 and 4) of each plant.
Source:https://www.world-nuclear-news.org
Emergency-use robot trialled at Sellafield
A remotely-operated rescue robot capable of withstanding hazardous environments has been evaluated at the UK's Sellafield nuclear site. Designed and manufactured by British engineering firm Forth, the Rescue Robot will make emergency jobs across UK nuclear plants "significantly safer and more cost effective".
The Rescue Robot (Image: Forth)
The Rescue Robot has been built on a 1.6-tonne JCB compactor excavator platform and fitted with high-tech robotics systems and wireless technology, in addition to specialist, robust cameras and lights which will not be destroyed in hazardous conditions.
Functions of the robot include: a specialist 700-bar rescue tool fitted to cut through any hazards in its way; a grapple hook to move any obstruction; an ability to tow a trailer with a fitted hopper to disperse a bund of sand to contain spillages; an affixative spraying system to contain a radioactive spillage.
The robot is also tetherless and can be controlled from a safe space in the control centre up to 150 metres away.
The robot has been successfully trialled at the Sellafield site and Cumbria-based Forth is now looking to roll it out at other plants across the UK.
Source:https://www.world-nuclear-news.org
Other interesting industry headlines:
- New facility streamlines isotope production at US lab
- UK launches Nuclear Waste Services strategy
- Key equipment shipped together to India and China
COMPANY NEWS
Looks like Nexgen $nxe insider has reach into his deep pocket and bought some shares of the company. Insder buying details are here #uranium
Dev Randhava CEO of F3 Uranium bought some more shares of the company in the reported insider buying.
INTERESTING TWEETS
WOW!
Capitualation all over Twitter. Here is one example.👇 FOR ME VERY BULLISH !
Thank you for your attention.
triANGLE INVESTOR
IMPORTANT DISCLAIMER: None of this content is a financial advice of any kind or solicitation to buy or sell any equities or other financial products. This newsletter is only for educational and/or entertainment purposes. Do your own deep research before making any financial decisions