Posts on this website are general "tips" and nothing more than that and should never be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy.

ASX VMY Vimy Resources LTD has acquired Cameco’s (CCO-T) Alligator River project in the Northern Territory

April 10th, 2018

The project is
located in the world-class Alligator River province which contains 50% of Australia’s uranium endowment and has similarities to the Athabasca basin in Canada. The region is very underexplored in comparison to the Athabasca with the potential for the discovery of large new uranium deposits. VMY has already released a 25.9Mlb (1.29% U3O8) Mineral Resource at the Angularli deposit (VMY 75%). VMY intends to undertake further exploration and drilling at the Alligator River project in 2018. READ PATERSON’S RESEARCH NOTE 10/04/2018 PDF


China to surpass US nuclear capacity by 2026

February 9th, 2017

China’s rapid expansion in nuclear power capacity will see it overtake the U.S. as the world’s largest nuclear generator by 2026, Bloomberg reported January 31, citing new research from Fitch subsidiary BMI Research.

China brought online 8 GW of nuclear power in 2016 and is predicted to triple its installed nuclear capacity to nearly 100 GW by 2026, BMI analysts said in a note.

China has 20 reactors currently under construction, according to the International Atomic Energy Agency (IAEA). Another 176 are either planned or proposed, according to the World Nuclear Association (WNA).

In contrast, U.S. nuclear capacity is forecast to hover at around 100 GW in the coming years, with new plant capacity offset by early closures of several reactors on the back of wholesale power price pressures.