USEC reports Toshiba Corporation and Babcock & Wilcox Investment Company, that nuclear industry leaders have signed a definitive agreement to make an investment in USEC. The $200 million investment, shared equally between Toshiba and B&W, will strengthen the deployment of the American Centrifuge Plant and create key new business opportunities throughout the nuclear fuel cycle. Both companies, with [...]
Articles Tagged "US Department of Energy"
FNArena.com reports on why uranium spot price is bouncing back a little. November in the uranium market was a tale of two entities. One was the US Department of Energy and its ongoing plans to release a large amount of stock into the market. The second was a new Canadian uranium investment fund, which plans [...]
By Melissa Pistilli-Exclusive to Uranium Investing News The Obama Administration is taking some heat recently from those in the uranium industry who say the US Department of Energy’s (DOE) decision to transfer $200 million in excess uranium stockpiles to the United States Enrichment Corp (USEC) is having a softening effect on the spot market and [...]
Billings Gazette reports Wyoming officials seek the US Department of Energy to rethink a plan to sell excess government uranium. The sale would likely sink the price of uranium and snuff plans to launch several new uranium mining operations in Wyoming and across the West, according to Gov. Dave Freudenthal. For full details of this story, click [...]
By Melissa Pistilli-Exclusive to Uranium Investing News Despite the upward trend in spot prices for most commodities this year, uranium prices seem immune to positive investor sentiment that economic recovery is on the horizon. Last year, the spot price for U3O8 averaged about $62 per pound, but by May had fallen to $52. Monday, Ux [...]
By Melissa Pistilli-Exclusive to Uranium Investing News USEC Inc. (NYSE:USU), a top supplier of enriched uranium fuel for commercial nuclear power plants, is pleading with the Obama administration and the Department of Energy (DOE) to reconsider its decision to deny a loan guarantee that would help the company construct a new uranium processing plant, the [...]
USEC Inc. reports that it has submitted an application for a loan guarantee from the U.S. Department of Energy to fund construction of the American Centrifuge Plant in Piketon, Ohio. DOE invited nuclear energy projects to submit loan guarantee applications on June 30, 2008. The omnibus fiscal year 2008 appropriations act authorized DOE to issue $38.5 billion worth [...]