Nexgen Energy Ltd

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Global Nuclear Power Market Is Witnessing Significant Growth as Future of Uranium Looks Promising

PALM BEACH, Fla., July 10, 2024 (GLOBE NEWSWIRE) -- FinancialNewsMedia.com News Commentary - Many recent reports project significant growth in the Global Nuclear Power Market. A report from Cognitive Market Research said that the Global Nuclear Power Market is witnessing significant growth in the near future. The report added: "In 2023, the Pressurized Water Reactor (PWR) segment accounted for a noticeable share of global Nuclear Power Market and is projected to experience significant growth in the near future. The Electric Power Generation segment is expected to expand at the significant CAGR retaining position throughout the forecast period." An additional report from IBIS World mentioned: "Nuclear power companies produce electricity by heating water in a reactor via nuclear fission and using the produced steam to spin large turbines. The United States has more nuclear electricity generation capacity than any other country, generating more than 771.5 billion kilowatt-hours of electricity alone, according to the Energy Information Administration's (EIA) most recent Electric Power Monthly report." In an article published by Financial Gambits: "The recent sanctions on Russian uranium imports have disrupted global supply chains, increasing the reliance on domestic and allied sources. The US government has shown strong support for domestic uranium production, with significant investments in nuclear energy infrastructure and policy support for new projects. As a matter of fact, the U.S. federal government said it would provide a $1.5 billion loan to restart a nuclear power plant in southwestern Michigan last month. Holtec International acquired the 800-megawatt Palisades plant in 2022 with plans to dismantle it. But now the emphasis is on restarting it by late 2025, following support from the state of Michigan and the Biden administration. Right now the U.S. is the world's largest producer of nuclear power but the problem is that it imports 90% of its annual uranium requirement. For a long time now the U.S. has heavily relied on Russia, Kazakhstan, and Uzbekistan for nearly 50% of its uranium supply. This won't be the case for too long however, considering that on April 30, the Senate voted to approve legislation banning the import of enriched uranium from Russia." Active Mining Companies in the industry include: Panther Minerals Inc. (OTCPK: GLIOF) (CSE: PURR), NexGen Energy Ltd. (NYSE: NXE), CanAlaska Uranium Ltd. (OTCQX: CVVUF) (TSX-V: CVV), Forum Energy Metals Corp. (OTCQB: FDCFF) (TSX-V: FMC), District Metals Corp. (TSX-V: DMX).

07:34 AM EDT, 07/04/2024 (MT Newswires) -- IsoEnergy (ISO.V) on Thursday said it will begin trading on the Toronto Stock Exchange on July 8 after receiving the go-ahead from the exchange. In connection with the move, IsoEnergy will delist from the T...