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Elementl Power plans BWRX-300 SMRs in Ohio

Friday, 19 June 2026

Nuclear power plant developer Elementl Power has signed an Early Works Agreement with GE Vernova Hitachi Nuclear Energy to use its BWRX-300 small modular reactors for a proposed project in Meigs County, in southeast Ohio in the USA.


A rendering of a BWRX-300 power plant (Image: GE Vernova)

Elementl has already agreed to purchase the 700-acre site 100 miles southeast of Columbus and has filed a request with PJM Interconnection to connect the site into the regional transmission system for the first 600 MW of output.

The company says its plan is for the proposed plant to have a capacity of 1.5 GW - the equivalent of five of the BWRX-300 small modular reactors (SMRs). Elementl, which says the plant would be privately financed, says that if it goes ahead with the project, it is aiming for construction to begin in 2030 with completion of the first unit in 2034.

Elementl Chairman and CEO Chris Colbert said: "Elementl builds partnerships to accelerate the financing and delivery of reliable, clean, around-the-clock nuclear power, and we're committed to working closely with Letart Township, Meigs County, the state of Ohio and beyond throughout this process. GE Vernova Hitachi is a proven, global leader in nuclear technology, and we're pleased to partner with them to deploy their advanced BWRX-300 reactor at this site. Nuclear projects are substantial economic anchors for their communities, and with a proud industrial legacy, southeast Ohio brings the foundation and workforce needed for a project of this magnitude."

GE Vernova CEO Scott Strazik said: "We are pleased to support Elementl Power as it advances development of this project, and to work alongside customers who are taking meaningful steps to bring new nuclear generation online. Nuclear energy will play an essential part of the future energy mix and projects like this will strengthen the foundation for long-term energy security, economic growth, and reliable electricity generation in the United States."

Director of Meigs County Economic Development Office Chase Jenkins said: "Meigs County recognises the significant opportunity that Elementl's proposed project represents for our region's long-term energy future. We support continued exploration of this development and look forward to engaging with the community, state leaders, and project partners as plans take shape."

EnCore OK’d to build South Dakota’s first ISR uranium mine

By Blair McBride June 19, 2026

After more than a decade of local opposition, EnCore Energy (Nasdaq: EU; TSXV: EU) has received federal approval to start building its Dewey Burdock project in southwest South Dakota, advancing what would become the state’s first in-situ recovery (ISR) uranium mine.

The Bureau of Land Management (BLM) this week authorized enCore subsidiary Powertech to start construction of initial infrastructure such as access roads, monitoring wells and power lines on 97 hectares of BLM-managed public land, enCore said Thursday. Dewey Burdock, located in the historical uranium mining district of Edgemont, is about 300 km northeast of state capital Pierre.

“Securing the BLM’s approval to commence construction on BLM lands marks a significant milestone[cc1] for the Dewey Burdock Project,” enCore Executive Chair William H. Sheriff said in a release.”

“Our team’s efforts at the federal level to coordinate permitting within the Fast 41 program have greatly enhanced enCore’s ability to move forward,” Sherriff said, citing the U.S. government initiative [cc2] that last August added Dewey Burdock to its list of projects for accelerated permit reviews.

US uranium drive

EnCore’s construction step marks one of the most significant federal uranium project authorizations in the United States this year, amid a wider push to develop more domestic uranium capacity. While the state’s Edgemont district has had open pit and underground uranium mines in the past, enCore would pioneer ISR mining in South Dakota. With ISR mining, a solution is injected underground through wells, separating uranium from ore. Uranium is later recovered from the solution in a surface facility.

It also comes after more than a decade of permit reviews and legal challenges from environmental and Indigenous groups that paused Dewey Burdock’s progress. [cc3] The Nuclear Regulatory Commission granted Dewey Burdock’s ISR licence in 2014, which authorized construction and operation of the project.

The Environmental Protection Agency last September waived a petition by the Oglala Sioux Tribe, Black Hills Clean Water Alliance and NDN Collective who had challenged the project’s permits.

28-year life

Dewey Burdock hosts 17.1 million measured and indicated lb. of uranium grading 0.12% uranium oxide (U₃O₈) and 712,600 inferred lb. at 0.06% U₃O₈, according to a 2024 resource. Dewey Burdock is expected to process 1 million lb. of uranium per year, recovering more than 14 million lb. over its 28-year life.

Discounted at 8%, the project has a post-tax net present value of $133.6 million, a post-tax internal rate of return of 33% and initial capital costs of $264.2 million, according to a 2025 preliminary economic assessment.

Neighbouring Wyoming has emerged as the U.S.’ dominant uranium output jurisdiction, with the state hosting most of the country’s producing ISR uranium mines.

EnCore’s currently producing ISR operations include Rosita and Alta Mesa in Texas.

Energy Fuels expects to hit 2026 uranium guidance by midyear

Staff Writer | June 11, 2026

Energy Fuels is expected to meet its 2026 uranium production guidance at just the halfway point of the year, coinciding with the completion of ore processing at its White Mesa Mill in Utah.

In an operational update on Thursday, the Colorado-based company forecasted its uranium oxide (U3O8) production to reach 1.6 million lb. by the end of June. This figure would fall within its previously published full-year guidance range of 1.5-2.5 million lb.

“Our uranium segment continues to differentiate Energy Fuels as the clear leading US uranium producer through our strong operating performance, production and costs,” CEO Ross Bhappu said in a press release.

Shares of Energy Fuels rose 4.5% on the update, sending the company’s market capitalization in New York to $3.6 billion. Year to date, the stock is down about 13%, trading at about half of its record high set in January.

Improving grades, costs
On average, Energy Fuels said it expects to produce more than 265,000 lb. a month of finished uranium from White Mesa — currently the only fully licensed and operating conventional uranium mill in the US. The ores would be provided from the company’s two mines in the country: the Pinyon Plain in Arizona and the La Sal Complex in Utah.
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New York issues solicitations for nuclear new-build

2 June 2026

The New York Power Authority has issued a call for nuclear developers and delivery partners for its initiative to develop at least 1 GW of advanced nuclear energy in Upstate New York, and an invitation to training providers to apply for USD40 million in nuclear workforce development funding.

The Request for Qualifications (RFQ) follows on from Requests for Information issued by the authority last year, to which more than 30 entities - including 23 potential developers or partners and eight Upstate New York communities - responded. It aims to identify a set of developers qualified to deliver an advanced nuclear generation project across two possible technology pathways: a large-scale reactor, "such as the AP1000" and/or a small modular reactor "such as the BWRX-300".

Respondents are asked to present "credible pathways" to deliver at least 1 GW of advanced nuclear capacity in Upstate New York, including technology readiness, siting and permitting strategy, schedule and cost assumptions, ownership structures, and partnership models. Qualified firms will then be invited to participate in a future Request for Proposal.

The authority said it would consider so-called nth-of-a-kind Generation III+ or Generation IV technologies provided that a first-of-a-kind project (either by the respondent or by another owner/developer) is "at or beyond First Nuclear Concrete by early 2030". The selected pathway must "demonstrate a credible path to both produce 1+ GW of energy and start construction before 2033" to ensure eligibility for investment tax credits under the US Inflation Reduction Act Investment Tax Credit. First-of-a-kind technologies and micro modular reactors are outside the scope of this project. Bidders must have "commensurate experience".

The deadline for submissions is 26 June.
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Antares valide la criticité d’un micro-réacteur au sodium aux États-Unis

AFP avec Connaissance des Énergies le 5 juin 2026

La start-up Antares a mené au fonctionnement autonome son prototype de micro-réacteur nucléaire aux États-Unis, une première.


Un jalon atteint à l’Idaho National Laboratory

Selon un communiqué diffusé le 4 juin, le modèle d’essai Mark-0 a atteint la criticité, c’est-à-dire une réaction de fission auto-entretenue. La démonstration a eu lieu à l’Idaho National Laboratory (Idaho Falls), Antares étant le premier lauréat du Reactor Pilot Program à franchir ce cap. Une fois ce stade atteint, le réacteur est en mesure de produire sa propre énergie en continu.

Le Mark-0 relève d’un essai de criticité à très basse puissance destiné à valider la physique du cœur, selon la documentation du ministère de l’Énergie (DOE). Le prototype s’inscrit parmi onze projets de micro-réacteurs ou SMR sélectionnés par le DOE, qui vise au moins trois criticités d’ici au 4 juillet 2026, d’après le programme fédéral annoncé en 2025.

La filière sodium

Le Mark-0 n’utilise pas l’eau pressurisée mais un caloporteur sodium. Dans cette architecture, le sodium liquide évacue la chaleur du cœur par des dispositifs passifs, une filière explorée depuis les années 1950 dans des versions de grande taille et aujourd’hui miniaturisée. Fonctionnant à pression atmosphérique, ces systèmes écartent les risques de surpression et d’explosion de vapeur caractéristiques d’accidents de type RBMK.

Le sodium impose toutefois des précautions spécifiques, s’enflammant au contact de l’air et réagissant violemment avec l’eau. Antares indique recourir à des dispositifs et procédures adaptés pour la mise en œuvre et la maintenance de ce caloporteur.

Perspectives de déploiement

Le Mark-0 a été retenu en août 2025 par le DOE au sein du Reactor Pilot Program. « Nous sommes passés d’un concept à la criticité en moins de 12 mois », s'est félicité le directeur général d’Antares, Jordan Bramble.

Antares projette la mise en service de petits réacteurs sur des sites militaires américains d’ici septembre 2028. À ce stade, l’exploitation du démonstrateur relève d’une autorisation spécifique du DOE ; une commercialisation exigera une homologation par la Commission de régulation nucléaire (NRC). À ce jour, le seul schéma SMR disposant d’une certification de conception est celui de NuScale, rappelle la NRC.

Urenco to Boost U.S. Uranium Enrichment Capacity by Nearly 50%

By Charles Kennedy - Jun 02, 2026,

Urenco USA has announced plans for a major expansion of the National Enrichment Facility in Eunice, New Mexico, committing a multi-billion-dollar investment to increase uranium enrichment capacity by nearly 50% and reinforce the U.S. nuclear fuel supply chain.

The project will add 2.1 million separative work units (SWU) of enrichment capacity through the installation of up to 24 new centrifuge cascades using the company's gas centrifuge technology. Initial production from the expansion is expected to begin in 2032, with additional cascades coming online through 2036.

The expansion comes as the United States seeks to strengthen domestic nuclear fuel capabilities amid growing interest in both existing nuclear generation and next-generation reactor technologies. Low-enriched uranium (LEU), the primary product of the facility, fuels the current U.S. commercial reactor fleet, which generates roughly one-fifth of the nation's electricity. LEU is also a key feedstock for producing high-assay low-enriched uranium (HALEU), a fuel expected to be required by many advanced reactor designs planned for deployment in the next decade.

Urenco currently operates the only commercial-scale uranium enrichment facility in the United States. The plant's existing capacity stands at 4.3 million SWU annually, equivalent to about one-third of current U.S. enrichment demand. An ongoing expansion project adding another 700,000 SWU is scheduled for completion in 2027, while refurbishment work on existing capacity is also planned. Combined with the newly announced investment, the facility's installed capacity is expected to exceed 7 million SWU over the next decade.

The project is expected to support between 300 and 600 construction jobs at peak activity and create approximately 70 permanent operational positions. Urenco USA already employs more than 500 workers and contractors at the site, which has been operating commercially since 2010.

The New Mexico expansion forms part of a broader strategy by Urenco Global to add 4.6 million SWU of enrichment capacity across facilities in the United States, the Netherlands, and Germany. The move reflects a wider effort among Western nations to reduce dependence on Russian nuclear fuel services and build more resilient supply chains as governments increasingly view nuclear power as a key component of energy security and decarbonization strategies.

Urenco said customer commitments through new long-term contracts helped support the investment decision, underscoring growing demand for domestic enrichment services from U.S. utilities.

US to provide plutonium from atomic bombs to fuel nuclear plants

Bloomberg News | May 26, 2026

The US is planning to distribute plutonium left over from Cold War-era weapons to commercial nuclear developers as part of the Trump administration’s efforts to accelerate the rollout of new reactors.


The Department of Energy has selected Oklo Inc. and four other firms for advanced negotiations to participate in the Surplus Plutonium Utilization Program, the Santa Clara, California-based company said in a statement Tuesday.


Closely held Exodys Energy, Shine Technologies, Standard Nuclear and Flibe Energy Inc. were also competitively selected for negotiations, the Energy Department said.

Under the program, the US will supply almost 20 metric tons of weapons-grade plutonium that can be converted into reactor fuel. Oklo is one of dozens of companies designing new nuclear power plants and has warned of potential shortfalls in the uranium supply chain that may hinder deployment. However, critics warn that distributing weapons-grade plutonium could lead to security concerns, and point to previous government efforts that have been costly failures.

“This program creates a pathway to use existing surplus material as bridge fuel for advanced reactors to bring more reactors online sooner,” Oklo chief executive officer Jacob DeWitte said in the statement. “Material that has been set aside for disposal can instead be converted into fuel to produce electricity through fission.”
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Metals One and DISA agree to treat uranium mine waste
Metals One’s Uravan project has eight abandoned uranium waste dumps suitable for potential recovery.

Shree Mishra May 15, 2026

etals One has signed an agreement with DISA Technologies to assess and potentially treat uranium mine waste dumps at its Uravan Belt Uranium-Vanadium Project in Colorado, US.

This agreement and partnership seeks to recover saleable uranium and other critical mineral concentrates at the project.

The project contains eight abandoned uranium waste dumps that are suitable for potential recovery.
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Eagle Nuclear Energy kicks off environmental baseline studies at Aurora uranium project

Staff Writer | May 5, 2026 |

Eagle Nuclear Energy (NASDAQ: NUCL) has launched a comprehensive environmental baseline studies campaign at its flagship Aurora uranium project site located along the Oregon–Nevada border.

The studies will be conducted prior to its planned 27,000-foot drill program to support an upcoming feasibility study (PFS), the company said.

Aurora is the largest conventional, measured and indicated uranium deposit in the US, the company has said. To date, it has defined an indicated resource of 32.75 million lb. and nearly 5 million lb. inferred.

Uranium is a crucial source of reliable baseload power as nuclear energy, and the US requires an estimated 32 million lb. of uranium annually for its current nuclear reactors. In 2024, the US purchased 50 million lb. of uranium, but only produced 677,000 lb., according to the Energy Information Administration.

Energy Fuels’ White Mesa Mill in Utah is the only producing mill in the US.
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Ur-Energy starts uranium mining at Shirley Basin project in Wyoming

Staff Writer | April 29, 2026 |


Shirley Basin uranium project. Image: Ur-Energy.

Ur-Energy (NYSE-A: URG) (TSX:URE) has started operations at its Shirley Basin project in Wyoming, marking the first uranium mining activity at the site since 1992.

Uranium-bearing solution is now being captured from Mine Unit 1 at Shirley Basin after the successful completion of significant construction, wellfield installation and permitting, the company said in a press release on April 23.

The project, situated 250 km north of state capital Cheyenne, is located within the Shirley Basin district, widely recognized as the birthplace of in-situ recovery (ISR) mining. It now returns to active operations amid a nuclear energy renaissance.

“Launching initial operations marks a pivotal achievement in Ur-Energy’s growth strategy and plan to expand US uranium production capacity,” Ur-Energy CEO Matt Gili stated.

The Shirley Basin project enhances Ur-Energy’s operational flexibility through its integration with existing infrastructure, with licensed annual wellfield and toll processing capacity of up to 2 million lb. of U₃O₈ equivalent.

The company said it expects to transport uranium loaded resin to its Lost Creek facility for processing this summer, subject to an additional regulatory inspection and approval.

Uranium concentrations in recovered solutions are expected to increase over time as the company further conditions the wellfield, and all production circuits are brought online, it added.

The site currently has measured and indicated mineral resources of approximately 9.1 million lb. of U₃O₈ at an average grade of 0.22% U₃O₈ equivalent. Mining would occur across three shallow units, with an anticipated life of nine years.

Historic ISR district

Shirley Basin represents Ur-Energy’s second ISR project to go from development to initial operations, and a significant expansion of the company’s US uranium production capacity.

The Shirley Basin uranium mine was operated by Pathfinder Mines from the 1960s until 1992, when the mine closed due to low uranium prices. Ur-Energy acquired Pathfinder in 2013 and worked to rebuild the conventional project into an ISR mine and acquire the needed permits.

“Two years ago, we committed to building out this project. Today, we have successfully brought a historically significant uranium district back to life, demonstrating disciplined execution of our strategy,” Gili said.

“It is particularly meaningful as it supports the growing need for secure, domestic uranium supply and underscores our ability to move permitted projects toward production while strengthening our role in the US nuclear fuel cycle,” he added.

Kairos breaks ground for Hermes 2 reactor

Monday, 20 April 2026

The Hermes 2 Demonstration Plant in Oak Ridge, Tennessee, will be the company's first commercial-scale reactor and is the first power-producing Gen IV reactor to receive a construction permit from the US regulator.

Hermes 2 is Kairos Power's first deployment under its 2024 agreement with Google to develop an advanced reactor fleet. It will supply up to 50 MW of electricity to the Tennessee Valley Authority grid, helping to decarbonise Google data centres in Tennessee and Alabama.

The company is already building the Hermes Low-Power Demonstration Reactor - Hermes 1 - in Oak Ridge, a scaled demonstration of Kairos's KP-FHR fluoride salt-cooled high-temperature reactor technology. The first non-light-water reactor to be approved for construction by the US Nuclear Regulatory Commission, Hermes 1 will not produce electricity, but Kairos's iterative approach to development will see lessons learned from the project feeding into Hermes 2.

The Hermes series will be the first KP-FHRs ever built, the company said, incorporating proven nuclear technologies that originated in Oak Ridge including TRISO (tri-structural isotropic) coated particle fuel and Flibe molten fluoride salt coolant. Hermes 2 - which is being built on the footprint of the former Oak Ridge Gaseous Diffusion Plant - is the immediate precursor to full-scale commercial plants, and will further advance technology, licensing, supply chain, and construction certainty for the company's future deployments, it said.


The Hermes demonstration campus in Tennessee (Image: Kairos Power)

Kairos Power will fabricate equipment modules for the Hermes 2 reactor at its Manufacturing Development Campus in Albuquerque, New Meixico, and ship them to Oak Ridge for assembly. The Barnard Construction Company, Inc is the general contractor for both Hermes reactor projects.

The Hermes 2 civil structure will leverage modular construction methods, incorporating precast concrete and a seismically isolated foundation, and the construction methods piloted with the Hermes series are expected to shrink project timelines, lower nuclear construction costs, and enable a standardised, repeatable design, the company said.

"For nuclear projects to be successful, we need more than just the right technology. We need to understand every aspect of project delivery. Hermes 2 is where that all comes together," said Kairos Power CEO and co-founder Mike Laufer.

Amanda Peterson Corio, Global Head of Data Center Energy, Google, said the Hermes 2 grounbreaking was a "major leap forward" in the company's efforts to accelerate the commercialisation of affordable, carbon-free energy,. "By pioneering a standardised, repeatable design, Kairos Power is addressing the historical challenges of nuclear construction costs. This shift toward a more efficient, factory-based manufacturing approach is a proven path toward lower-cost, cleaner power for our operations and the communities we serve."

Production begins at US uranium project

Thursday, 9 April 2026

Uranium Energy Corp's Burke Hollow in Texas is the first new in-situ recovery operation to start up in the USA in over a decade.


Burke Hollow (Image: CNW Group/Uranium Energy Corp)

In-situ recovery - or ISR - is a method of mining uranium by dissolving and recovering it via wells. It is also known as in-situ leaching. Ground water fortified with a complexing agent, and often with an oxidant (such as gaseous oxygen), is introduced into the orebody to dissolve the uranium from the sandstone host. The uranium-bearing before being recovered and processed into yellowcake.

Uranium Energy Corp (UEC) has two ISR hub and spoke platforms in South Texas and Wyoming, with a central processing plant as the "hub" with several ISR uranium projects providing "spokes". Production from Burke Hollow will be processed at the company's Hobson Central Processing Plant, which is licensed to produce up to 4 million pounds of uranium per year.

"The startup of Burke Hollow is a significant achievement for UEC, advancing the project from a grassroots discovery in 2012 to production in 2026," UEC President and CEO Amir Adnani said. "With two ISR operations now producing, and our Ludeman ISR project planned for startup in 2027, we are building a scalable, multi-faceted platform supported by the largest uranium resource base in the United States."

According to UEC, Burke Hollow is the largest ISR uranium discovery in the USA in the past decade, with significant long-term development potential: only about half of the property, which covers some 20,000 acres (over 8,000 hectares) has been explored to date. The estimated mineral resource for the project is currently 6,155,000 pounds U3O8 (2,368 tU) in the measured and indicated category, plus 4,883,000 pounds U3O8 of inferred resources.

Production was able to start following the receipt of final approvals from the Texas Commission on Environmental Quality (TCEQ). Craig Wall, UEC's Vice President, Environmental, Health & Safety, Texas said the commission's approval, coming after more than a decade of exploration, permitting and development, "reflects the strength of our technical and operational execution. We appreciate the collaboration and professionalism of the TCEQ throughout the process and look forward to continuing to work with them as the project advances."

UEC's South Texas team will now focus on ramping operations and constructing additional wellfields across the project.

In addition to the largest uranium resource base in the USA, with 12 million pounds per year of uranium production capacity across its Wyoming and South Texas hub-and-spoke ISR operations, UEC also controls extensive land and resource portfolios in Canada's Athabasca Basin, including the Roughrider Project in Saskatchewan. The company is also pursuing domestic refining and conversion capabilities in the USA through its United States Uranium Refining & Conversion Corp subsidiary.

New US company plans uranium conversion facility

Monday, 30 March 2026

Newly-launched FluxPoint Energy says it is developing what it expects will be the first new uranium conversion facility in the USA in 70 years.


Headquartered in Houston, Texas and McLean, Virginia, FluxPoint Energy was officially launched last week at the CERAWeek international energy event in Houston, Texas. The company said its mission is to "establish a fully American, vertically integrated nuclear fuel capability - supporting energy independence, enabling advanced reactor deployment, and strengthening national security".

The planned facility will convert uranium oxide (U3O8) into uranium hexafluoride (UF6). Uranium must be converted from U3O8 - the "yellowcake" that is shipped from uranium mines and mills - to gaseous UF6 before it can be enriched in fissile uranium-235 for use in nuclear fuel. FluxPoint Energy is targeting first production in 2030–2031.

The company said that development of the facility "is well under way". The company has already secured a project site and due diligence work is in progress. A comprehensive market study and a technical feasibility study have been completed, while Front-End Engineering Design (FEED) studies have been initiated.

The company said it is actively engaging with federal and state stakeholders on regulatory pathways and reporting strong early interest from prospective customers and investors.

"Policymakers, utilities, and developers increasingly point to fuel availability as a limiting factor for America's nuclear reactors - both present and future," said Mike Chilton, Founder and CEO of FluxPoint Energy. "Uranium conversion has become an unacceptable chokepoint in a global supply chain still dominated by foreign providers.

"America cannot lead in nuclear energy while relying on foreign-controlled fuel processing. FluxPoint was created to restore a critical piece of our nation's energy infrastructure - ensuring that US reactors have access to a secure, domestic fuel supply. This is about energy security, economic strength, and global leadership ... As global demand for reliable, carbon-free energy accelerates, FluxPoint Energy is positioning itself at the centre of a renewed American nuclear supply chain. We are helping unlock nuclear power's full potential as a cornerstone of the nation's energy future."

The initiative responds to federal policy under recent executive orders from the White House calling for a fourfold increase of US nuclear generating capacity by 2050 and reducing reliance on overseas suppliers. Onshoring the nuclear fuel cycle is seen as a priority for national security.

Honeywell's Metropolis Works plant, built in the 1950s in southern Illinois, is currently the only uranium conversion facility in the USA. It was temporarily shut down from 2017 to 2023 due to poor market conditions, but was restarted in July 2023. Solstice Advanced Materials - which was spun off from Honeywell in October last year - has invested in de-bottlenecking projects at Metropolis Works following its 2023 restart with the aim of raising production.

In September 2025, Texas-headquartered Uranium Energy Corp (UEC) launched a new subsidiary - called United States Uranium Refining & Conversion Corp (UR&C) - to pursue the feasibility of developing a new US uranium refining and conversion facility. The proposed facility - which UEC says will be the largest conversion facility in the USA and "amongst the most modern in the Western world" - is envisaged as having a designed capacity to produce some 10,000 tU per year as UF6, representing a "substantial share" of the USA's 18,000 tU per year demand.

Uranium Energy expands production capacity, advances refinery licensing

Staff Writer | March 24, 2026


Irigaray central processing plant in Wyoming. Credit; Uranium Energy Corp.
Uranium Energy (NYSE-A: UEC) says it has secured Wyoming state approval for additional header houses at its Christensen Ranch in-situ recovery (ISR) operation as part of a planned expansion.

On Tuesday, the Texas-based uranium producer announced that it has begun operating three additional header houses at wellfield 11. One more head house remains subject to regulatory approval, and three more are under construction in wellfield 12 and 10-extension, it added.

“With this approval, we have started uranium extraction at the new header houses enabling the planned increase in production volume at our Christensen Ranch operations,” Brent Berg, SVP of US operations, said in a press release.

The Christensen Ranch operation began in August 2024 and is currently undergoing a major expansion with three new wellfields to increase production, targeting up to 4 million lb. of annual capacity.

The recovered uranium is processed at the Irigaray plant, which is built to serve as the central hub for the 11 projects that UEC holds in the Powder River Basin area. In February 2025, the plant produced its first drummed uranium concentrate, and is now being upgraded for increased throughput.

Conversion facility licensing

UEC also said it has moved a step closer to building a uranium refining and conversion facility, having received a docket number from the US Nuclear Regulatory Commission to move forward with the application for a licence.

The facility, the location of which has yet to be determined, represents a key step in the development of a vertically integrated US-based uranium supply chain that connects UEC’s mining operations with advanced conversion technology.

According to the company, its facility would be the largest of its kind in the country, with the capacity to produce 10,000 metric tonnes of uranium hexafluoride annually, equal to over half of the US demand.

The formal licence application for the plant is expected to be submitted once engineering and design activities, currently underway with Fluor, are complete and a site has been selected, it said on Tuesday.

Shares of UEC shot up more than 3% to trade above $13 apiece in New York, giving the company a market capitalization of $6.3 billion.

Myriad Uranium doubles size of Wyoming project

Staff Writer | March 11, 2026

Myriad Uranium says it has effectively doubled the size of its flagship project in Wyoming after geophysical survey results indicated potential in other parts of the property that it has yet staked.

The project, known as Copper Mountain, has now been expanded from 9,439 acres to 18,351 acres to cover all key areas and targets across the district, Myriad said in a press release on Tuesday.

The company staked these additional claims after recent geophysical surveys at Copper Mountain led to the identification of uranium anomalies in previously untested grounds, mostly towards the eastern parts of the property.

To determine which areas to acquire, Myriad said it integrated the new geophysical data with its existing geological dataset, including insights derived from studies completed by Bendix Field Engineering for the US Department of Energy in 1982.

The Bendix study estimated uranium endowments at Copper Mountain of approximately 655 million lb. in uranium oxide equivalent (eU₃O₈) to a depth of 600 feet within a broader “assessment area,” and 245 million lb. eU₃O₈ at the same depth within a more focused “control area.”

Before the expanded staking, most of Myriad’s claims clustered to the west, which is where this historic uranium resource lies. Following the update, the company now controls approximately 62% of the assessment area and 80% of the control area.
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“Confidence is increasing that we now have one of the largest uranium projects in the United States,” he added.