Kazatomprom, the leading global uranium producer, announced a revision of its 2025 production targets due to project delays and shortages of sulphuric acid. The company, accounting for a significant portion of the world’s uranium supply, has adjusted its goal for 2025 to a range of 25,000 to 26,500 tons, reflecting a 17% decrease.
Regarding the current uranium spot price, it is reported to be at US$78.80 as of the latest update, a slight decline from the previous week’s value of $80.30. In the industry spotlight, Generation Uranium has expanded its presence in the Yathkyed Basin in Nunavut through the acquisition of the Yellow Frog and Pink Toad Uranium Projects. Meanwhile, Fission Uranium has progressed to the engineering phase at its PLS uranium project in Saskatchewan. Premier American Uranium has shared positive preliminary drill results from the Cyclone Rim Target at its Cyclone ISR Uranium Project in Wyoming’s Great Divide Basin.
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