Fuel

Oklo announced that it has signed a memorandum of understanding with Standard Nuclear to explore commercial collaboration on nuclear fuel recycling and advanced fuel manufacturing. According to Oklo, the collaboration with TRISO fuel fabricator Standard Nuclear represents the company’s first third-party offtake pathway for recycled nuclear materials, including surplus U.S. plutonium.

Molten salt reactor developer Natura Resources announced that it has entered into a formal agreement with New York–based start-up Quadrant Nuclear Industries to receive high-assay low-enriched uranium for Natura’s commercial reactor systems.

The Nuclear Regulatory Commission is to prepare an environmental impact statement in its review of Orano Enrichment’s license application to build and operate a new uranium enrichment facility near Oak Ridge, Tenn., and is asking the public for comments on the scope of its environmental review.

Urenco USA announced today that it will expand its uranium enrichment capacity by nearly 50 percent with the construction of a new enrichment plant at the company’s National Enrichment Facility in Eunice, N.M.

Washington, D.C.-based Curio announced yesterday that it has submitted a letter of intent to the Nuclear Regulatory Commission to establish a docket for preapplication engagement activities and ultimately the submittal and review of a license application to operate a spent nuclear fuel recycling production facility.

Once a docket is established, Curio will develop a license application to meet all applicable regulations for a nuclear fuel recycling facility under 10 CFR Part 70.

Nuclear start-ups Oklo and Flibe Energy both announced this week that they have been selected by the Department of Energy for advanced negotiations under the department’s Surplus Plutonium Utilization Program, which aims to make surplus U.S. plutonium available to the nuclear industry for advanced reactor fuels.

According to multiple reports, three other companies—Exodys Energy, Shine Technologies, and Standard Nuclear—have also been selected for advanced negotiations under the program, which is being led by the DOE’s Office of Nuclear Energy.

The Nuclear Regulatory Commission said it intends to complete its review of Orano Enrichment’s license application to build and operate a new uranium enrichment facility near Oak Ridge, Tenn., in 12 months. Orano submitted its application for the multibillion-dollar facility, named Project Ike, in March.

The Department of Energy’s National Nuclear Security Administration announced last week that it has transferred 1.7 metric tons of high-assay low-enriched uranium from Japan to the United States.

Framatome announced this week that its nuclear fuel manufacturing facility in Richland, Wash., has received Nuclear Regulatory Commission approval for a license amendment supporting fabrication of nuclear fuel with enrichment levels above 5 percent uranium-235, with manufacturing scheduled to begin in 2027.

The end-of-April spot price for uranium was $86.35 per pound, according to uranium fuel provider Cameco. While up slightly from the $84.25 of a month before, it was still lower than the $94.28 spot price at the end of January.

Ur-Energy Inc. announced last week that it has begun in situ recovery (ISR) operations at its Shirley Basin uranium mining site in central Wyoming.

The company, which also operates the Lost Creek ISR project in south-central Wyoming, decided to begin construction at Shirley Basin after making a “go” decision in March 2024. It has said that the combined total annual licensed production and toll processing capacity of Lost Creek and Shirley Basin is 4.2 million pounds U₃O₈.

The U.S Department of Energy’s Office of Nuclear Energy, through its Defense Production Act (DPA) Nuclear Fuel Cycle Consortium, has begun a new initiative aimed at securing the nation’s nuclear fuel supply chain.

Orano USA announced on April 22 that it has signed a memorandum of understanding with North America’s Building Trades Unions (NABTU) outlining their cooperative relationship to support the construction of Project Ike, Orano’s planned $5 billion centrifuge uranium enrichment facility in Oak Ridge, Tenn.

The Department of Energy on April 22 issued two requests for applications seeking proposals from private industry on kickstarting the reprocessing and recycling of spent nuclear fuel in the United States.

According to the DOE, the RFAs represent an unprecedented opportunity for the private sector to restore the nation’s nuclear leadership.

Nevada-based Eagle Nuclear Energy said it will conduct a 27,000-foot investigative drill program at its flagship Aurora Uranium Project along the Oregon–Nevada border beginning in July.

Canadian Nuclear Laboratories has signed an agreement with Chicago-based Clean Core Thorium Energy to manufacture demonstration irradiation bundles of Clean Core’s ANEEL (Advanced Nuclear Energy for Enriched Life) fuel. The fuel is made with a combination of thorium and high-assay low-enriched uranium and is designed for use in pressurized heavy water reactors, such as Canada’s CANDU fleet.

Uranium Energy Corp. (UEC) has begun production activities at its Burke Hollow in situ recovery (ISR) mining operation in southern Texas after receiving approval from the Texas Commission on Environmental Quality (TCEQ). Uranium from the site will be processed at the Hobson Central Processing Plant, which serves as the hub to five satellite ISR projects (referred to as “spokes”) in the Texas Uranium Belt.

Nuclear technology start-up Project Omega announced that it has been awarded a contract through the Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E) to advance used nuclear fuel recycling. Project Omega said the award will be used to validate key components of its molten salt electrochemical recycling platform designed to process UNF, recover valuable isotopes, and reduce long-term waste management challenges.

The end-of-March spot price for uranium was $84.25 per pound, according to uranium fuel provider Cameco. This price is down slightly from the $86.95 of a month before, but about $10 lower than the $94.28 spot price at the end of January.

Officially launched at CERAWeek 2026, held last week in Houston, Texas, FluxPoint Energy has unveiled plans to develop what it expects to be the first new U.S. uranium conversion facility in more than 70 years, a move aimed at strengthening America’s nuclear fuel supply chain.

The Houston- and McLean, Va.–based company plans to convert uranium oxide into uranium hexafluoride (UF₆), a critical intermediate step in producing fuel for the nation’s existing nuclear reactors as well as next-generation technologies under development.