Latest news with #nuclear energy
Russia Today
a day ago
- Business
- Russia Today
Russia boosting nuclear cooperation with African state
Russia and Niger have formalized plans to cooperate on the peaceful use of nuclear energy, including the construction of power-generation infrastructure in the West African country, where nearly 80% of the population lacks access to electricity. According to the press service of the Russian Energy Ministry, Russia's state nuclear power corporation (Rosatom) and Niger's Energy Ministry signed a Memorandum of Understanding (MoU) on Monday. The agreement was concluded during an official visit to Niamey by Russian Energy Minister Sergey Tsivilev, accompanied by a large delegation of government officials and business representatives. 'Our task is not just to participate in uranium mining, we must create a whole system for the development of peaceful atom in Niger,' Tsivilev said in a statement posted on the ministry's Telegram channel. 'This includes the construction of power generation so that it is available to every resident of the country, and cooperation in the field of atomic medicine. We also agreed on the joint training of specialists in this field,' he added. Tsivilev also met with Niger's transitional president, Abdourahamane Tchiani, PM Ali Lamine Zeine, and Mines Minister Ousmane Abarchi, and discussed plans to establish a Russian-Nigerien intergovernmental commission on trade and economic cooperation, according to the statement. 'The countries consider each other important partners,' the Russian Energy Ministry said, adding that the creation of a joint intergovernmental commission would mark a key stage in the development of bilateral relations and help place cooperation on a more structured footing. The move comes amid Russia's growing ties with African countries across sectors including energy, defense, infrastructure, and education. Last month, Rosatom finalized an agreement with Niger's neighbor Mali to expand cooperation in the peaceful use of nuclear energy. The deal, building on an MoU signed in October 2023, covers infrastructure development, joint projects in healthcare and agriculture, and the training of specialists. Last October, neighboring Burkina Faso signed a deal with Rosatom for the construction of a nuclear power plant, following a request made by its interim leader, Ibrahim Traore, to Russian President Vladimir Putin at the second Russia-Africa summit.
Gulf Business
a day ago
- Business
- Gulf Business
Emirates Nuclear Energy Company, Hyundai E&C to expand collaboration
Image: Supplied The Emirates Nuclear Energy Company ( The agreement builds on the longstanding UAE-Korea partnership in the nuclear sector and aims to advance civil nuclear deployment in line with projections by the International Energy Agency (IEA) and the International Atomic Energy Agency (IAEA), both of which foresee a sharp rise in global nuclear capacity through 2030 and 2050. The MoU outlines a framework for knowledge sharing, joint project evaluations, strategic investment assessments, and includes the formation of a joint working group to identify areas of mutual interest. It aligns with ENEC's international strategy to partner with global entities to accelerate deployment of both large-scale and advanced nuclear technologies. ENEC focused on global partnerships With the Barakah Nuclear Energy Plant now fully operational, ENEC is shifting focus to global collaboration and advisory roles to support the rapid deployment of nuclear energy. 'MOUs with companies such as Hyundai E&C are a clear demonstration of this approach,' the company stated. Hyundai E&C, the lead contractor on the Barakah Plant, is recognised for its contribution to the UAE's Peaceful Nuclear Energy Program, widely seen as a model for safe and efficient nuclear development. The company plans to leverage its experience from Barakah to expand strategic cooperation in future international projects. The partnership comes amid a broader resurgence in nuclear energy investment, driven by growing electricity demand from AI, hyperscale data centres, heavy industry, and accelerating electrification. With global grids under increasing strain, nuclear power is being viewed as a proven, low-carbon solution for baseload generation. According to the IEA, nuclear capacity must expand by an average of 15 GW per year to 2030, representing just over 3 per cent annual growth. The IAEA forecasts an even more aggressive expansion, suggesting capacity could double by 2050. The MoU adds to a growing list of international partnerships ENEC has formed with operators, developers, and energy companies as part of its drive to scale civil nuclear energy, improve energy security, and reduce carbon emissions. The four-unit Barakah Plant has provided ENEC with hands-on expertise in timely and cost-effective nuclear deployment, now serving as a platform for global collaboration. Hyundai E&C received global recognition for its role in Barakah, particularly in risk management and construction execution. As UAE–Korea cooperation in energy deepens, both parties expect to broaden their strategic engagement in the global nuclear sector. Read:
Yahoo
4 days ago
- Business
- Yahoo
Why Nano Nuclear Energy Stock Zoomed Almost 6% Higher Today
Key Points The company has been formally admitted to a key industry grouping in Canada. This positions the American company for future expansion in the neighboring country. 10 stocks we like better than Nano Nuclear Energy › Hardly for the first time in recent weeks and months, shares of next-generation power company Nano Nuclear Energy (NASDAQ: NNE) jumped skyward on Thursday. Investors pushed the shares almost 6% higher in value, on news that it is now part of an important industry association north of our border. That nearly 6% leap crushed the S&P 500 index, which was basically flat that trading session. Energized by Canadian news Before market open, Nano announced that it has become a member of the Canadian Nuclear Association (CNA). That makes the U.S.-based company part of an influential industry grouping in the country, one that has been advocating for the use of nuclear power since 1960. In the press release trumpeting the news, Nano wrote that according to CNA data, nuclear energy effectively avoids 80 million tons of carbon dioxide emissions, serving as a clean alternative to traditional fossil fuel generation methods. Although Canadian citizens have been as critical and wary of nuclear energy as their American counterparts, Nano clearly sees a solid chance for winning business in our neighboring nation, and advancing the technology as it does so. It wrote, "With the introduction of next-generation technologies in the form of small or micro nuclear reactors, like those being developed by NANO Nuclear, there is a significant opportunity for Canada to solidify a leading position in the global nuclear industry." Walking the walk Nano did not provide any estimates for how an increased Canadian presence might affect its fundamentals. However, this feels like a low-impact way to strengthen its presence on the market. The proof will be in the doing, however, so investors should watch how -- and if -- the company's Canadian business develops following its CNA ascension. Should you buy stock in Nano Nuclear Energy right now? Before you buy stock in Nano Nuclear Energy, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Nano Nuclear Energy wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $634,627!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,046,799!* Now, it's worth noting Stock Advisor's total average return is 1,037% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Nano Nuclear Energy Stock Zoomed Almost 6% Higher Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Curtiss-Wright Corporation (CW): A Bull Case Theory
We came across a bullish thesis on Curtiss-Wright Corporation on VantagePointAI's Substack. In this article, we will summarize the bulls' thesis on CW. Curtiss-Wright Corporation's share was trading at $484.10 as of July 17th. CW's trailing P/E was 43.07 according to Yahoo Finance. Copyright: vencavolrab78 / 123RF Stock Photo Curtiss-Wright Corporation (NYSE: CW), a century-old industrial leader born from the Wright Brothers' and Glenn Curtiss' pioneering aviation ventures, now specializes in mission-critical components powering aircraft, naval propulsion, nuclear energy, and defense electronics. With 8,200 employees and a reputation for engineering precision, CW has become a trusted supplier to governments and blue-chip customers worldwide. Financially, the company shows remarkable strength: sales and earnings have grown steadily, with a 101% earnings increase since 2020 on a 31% revenue rise, demonstrating efficiency gains. Q1 2025 results underscored execution excellence, with 13% sales growth to $806 million, a 34% jump in adjusted operating income, and a 42% EPS rise, accompanied by raised full-year guidance. Demand for CW's defense and infrastructure technologies is accelerating amid rising global military modernization and energy resilience efforts, with a record $1 billion backlog signaling enduring structural tailwinds. Curtiss-Wright's disciplined capital allocation, including over 50 consecutive years of dividend growth, underscores long-term shareholder CW is breaking through both 52-week and decade-long highs, a bullish indicator of institutional accumulation. Analysts' price targets span $309–$500, implying 42% swing potential, consistent with CW's elevated beta of 1.14, which amplifies market moves. Recent 52-week price action — from lows of $258.85 to highs of $463.38 — signals volatility that active traders can harness. Management's confident tone, rising orders, and expanding margins point to sustained momentum. CW's quiet resilience, proven execution, and mission-critical footprint make it a compelling opportunity, offering both stability and upside in an environment defined by defense spending, infrastructure investment, and geopolitical uncertainty. Previously we covered a bullish thesis on TransDigm Group Incorporated (TDG) by Summit Stocks in May 2025, highlighting its dominant aftermarket model, pricing power, and disciplined capital allocation driving compounding returns. The company's stock price has appreciated by about 13.52% since our coverage as its resilient high‑margin model delivered. The thesis stands, while VantagePointAI emphasizes Curtiss‑Wright's momentum and defense exposure. Curtiss-Wright Corporation is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 46 hedge fund portfolios held CW at the end of the first quarter which was 50 in the previous quarter. While we acknowledge the potential of CW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Snow Lake Comments on Impacts of White House AI Plan on Nuclear Energy and Domestic U.S. Uranium Mining
Winnipeg, Manitoba--(Newsfile Corp. - July 24, 2025) - Snow Lake Resources Ltd., d/b/a Snow Lake Energy (NASDAQ: LITM) ("Snow Lake"), a uranium exploration and development company, provides comment on the White House AI Plan1 that specifically prioritizes the deployment of reliable power sources, such as nuclear energy, to underpin U.S. artificial intelligence ("AI") ambitions. Highlights The White House today released its AI plan entitled "Winning the Race - America's AI Action Plan" (the "AI Plan") The AI Plan focuses on building out American AI infrastructure as quickly as possible, and in particular, new energy sources at the technological frontier, such as advanced nuclear reactors The AI Plan reinforces the U.S. Administration's four executive orders (the "Nuclear Executive Orders") issued on May 22, 2025, designed specifically to accelerate the deployment of nuclear energy in the U.S. as the AI arms race between the U.S. and China continues to heat up The combined effect of the AI Plan, the Nuclear Executive Orders, and other executive orders targeting the domestic production of uranium, will help fast-track Snow Lake's Pine Ridge uranium project development timelines CEO Remarks "As we have commented previously, the world, and in particular the U.S., needs new uranium mines," said Frank Wheatley, CEO of Snow Lake. "As the current U.S. Administration continues to adopt policies designed to advance U.S. interests in AI, and to support the deployment of nuclear energy to underpin the vast demand for electricity from AI and its associated data centers, the U.S. will need new sources of primary uranium." Mr. Wheatley continued: "We firmly believe that with the release of the AI Plan, when combined with the ongoing U.S. Administration support for the rapid deployment of nuclear energy, and the acceleration of domestic U.S. production of uranium, we have an opportunity to fast-track the development of our Pine Ridge uranium project in Wyoming." White House AI Plan The White House released its AI Plan today, which is an action plan designed to enable the U.S. to achieve global dominance in AI. The AI Plan has three pillars: Innovation Infrastructure International diplomacy and security Of particular interest to Snow Lake is the second pillar – infrastructure. As the AI Plan states: "We need to build and maintain vast AI infrastructure and the energy to power it." The AI Plan goes on to provide that power sources need to be deployed as quickly as possible and embrace new energy generation sources at the technological frontier – including advanced nuclear reactor technology. With such strong support for the deployment of both conventional, and advanced, nuclear reactor technology, the U.S. will require more uranium. When coupled with the U.S. Administration's Executive Order of March 20, 2025 entitled "Immediate Measures to Increase American Mineral Production"2, these policies provide the tailwinds for Snow Lake to fast-track the development of the Pine Ridge uranium project to contribute to the U.S.'s needs for more primary uranium. About Snow Lake Resources Ltd. Snow Lake Resources Ltd., d/b/a Snow Lake Energy, is a Canadian mineral exploration company listed on (NASDAQ: LITM), with a global portfolio of critical mineral and clean energy projects. The Pine Ridge Uranium project is an exploration stage project located in Wyoming, United States, and the Engo Valley Uranium Project is an exploration stage project located in the Skeleton Coast of Namibia. Snow Lake also holds a portfolio of additional exploration stage critical minerals projects located in Manitoba, as well as investments in a number of public companies with critical minerals assets. Learn more at Forward-Looking Statements: This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the "safe harbor" provisions under the Private Securities Litigation Reform Act of 1995 that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements, including without limitation statements with regard to Snow Lake Resources Ltd. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Forward-looking statements contained in this press release may be identified by the use of words such as "anticipate," "believe," "contemplate," "could," "estimate," "expect," "intend," "seek," "may," "might," "plan," "potential," "predict," "project," "target," "aim," "should," "will," "would," or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Snow Lake Resources Ltd.'s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. Some of these risks and uncertainties are described more fully in the section titled "Risk Factors" in our registration statements and annual reports filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Snow Lake Resources Ltd. undertakes no duty to update such information except as required under applicable law. Contact and InformationFrank Wheatley, CEO Investor RelationsInvestors:ir@ Follow us on Social MediaTwitter: 1 2 To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
