A recent report published by reputable sources highlighted China’s approval of 11 nuclear reactors across five different locations, with an estimated total value of US$31 billion. These reactors are set to be constructed over the next five years following approval from the country’s State Council.
China has been actively approving new reactors, with over 10 being approved in each of the past two years. Currently, China leads in the number of nuclear reactors under construction compared to other countries.
In other news, Canadian professional services and project management firm AtkinsRéalis (TSX: ATRL) recently entered into a partnership with Third Qinshan Nuclear Power Company Ltd. to support the extension of the operational life of two CANDU reactors at the Qinshan Nuclear Generating Station in China.
The uranium spot price as of the present time stands at US$80.30, a slight decrease from the previous week’s price of $81.50. Various uranium companies are making significant strides in the industry, with ATHA Energy (TSXV: SASK) entering a joint venture agreement with Terra Uranium (ASX: T92) for uranium exploration projects in Saskatchewan’s Athabasca Basin.
Stallion Uranium (TSXV: STUD) released promising results from an airborne gravity survey conducted in their joint venture with ATHA Energy. These results have identified gravity anomalies associated with potential uranium alteration, enhancing their target areas for exploration.
Furthermore, Highrock Resources (CSE: HRK) announced the acquisition of Liberty Uranium, a private company holding a 100% interest in the Dry Creek uranium property in Nevada. This strategic move aligns with Highrock’s goal to secure high-quality uranium assets in the US, positioning them as a key player in the Uranium district.
Please note that the content provided in this article is for informational purposes only and should not be taken as investment advice.
