Western Uranium & Vanadium Corp. 2021 Update Western Uranium & Vanadium Corp.
Toronto, Ontario and Nucla, Colorado, Jan. 13, 2021 (GLOBE NEWSWIRE) Western Uranium & Vanadium Corp. (CSE:WUC) (OTCQX:WSTRF) (“Western” or ”Company”) would like to provide the following update. Entering 2021, Western is excited about our competitive position, market opportunities, and the prospects for nuclear energy and uranium mining.
Sunday Mine Complex Ready for Production Restart
Western’s Sunday Mine Complex project during 2019/2020 established the mines are in “ready-to-produce” status. These permitted and developed conventional mines can be restarted with minimal capital expenditure. The first uranium/vanadium ore production was stockpiled underground and remains ready for delivery when COVID-19 and market conditions permit.
Yves here. Nuclear power as part of a low/no carbon energy future is a very contentious idea. Yet battery storage devices have their own environmental costs, and there are losses in moving energy into and out of them. In other words, there are no perfectly clean answers, save perhaps radical conservation, which peculiarly seems to be a verboten topic.
By Tsvetana Paraskova, a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. Originally published at OilPrice
Declining solar, wind, and battery technology costs are helping to grow the share of renewables in the world’s power mix to the point that governments are pledging net-zero emission electricity generation in two to three decades to fight global warming. Yet, electricity grids will continue to require stable baseload to incorporate growing shares of renewable energy sources and ensure lights are on even when the sun doesn’t shine, or the wind doesn’t blow. Unti
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Final DOE Advanced Reactor Demonstration Awards Announced
Wrapping up an eventful year for advanced nuclear, the Department of Energy’s (DOE’s) Office of Nuclear Energy announced $20 million in awards for the third of three pathways under its Advanced Reactor Demonstration Program (ARDP).
The ARDP program, which the DOE officially launched on May 14, will leverage Congressionally appropriated funding to enable actual construction of advanced nuclear reactors over the near-term and mid-term under three pathways. Congress has appropriated $250 million for ARDP in Fiscal Year 2021; a total of $230 million was appropriated for Fiscal Year 2020 to initiate the program.
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12 Big Power Stories You May Have Missed in 2020
With COVID-19 filling the news throughout 2020, it’s very likely you missed some of the most important developments that occurred in the power sector this year. Here’s a look at some of the highlights and big stories covered by the
POWER staff this year.
MOX Nuclear Fuel Loaded
In January, Russian engineers announced the loading of 18 mixed-oxide (MOX) fuel assemblies in Unit 4 at the Beloyarsk nuclear power plant in Sverdlovsk Oblast. Distinct from traditional nuclear fuel with enriched uranium, MOX fuel pellets are based on the mix of nuclear fuel cycle derivatives, such as plutonium oxide bred in commercial reactors and uranium oxide derived by defluorination of depleted uranium hexafluoride the so-called secondary tailings
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The US Congress has adopted the first extensive update to US federal energy policies in over a decade in the Energy Act of 2020 (Energy Act), which President Donald Trump signed into law on December 27 as part of the
Consolidated Appropriations Act, 2021. The Consolidated Appropriations Act also includes the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (Taxpayer Act), which includes tax provisions important to the energy sector.
TAXPAYER ACT
The Taxpayer Act helpfully extends the sunset or phasedown periods of federal tax credits related to the development and operation of certain renewable energy electric generating facilities, and provides new tax credit extension rules specifically applying to offshore wind power electric generating facilities. The Act also provides eligibility extensions for tax benefits applying to other “green” technologies, including the carbon capture and sequestration tax credit.