US to offer up to $3.4 billion for nuclear fuel makers in June

The ban is needed to unlock some $2.7 billion to stand up a domestic uranium industry made available by Congress earlier this year.

The uranium major’s adjusted net earnings fell 51% to $56 million, a sharp contrast with the $115 million from the same quarter last year.

Overall, power use from the thousands of giant computing warehouses that comprise data centers is expected to triple globally this year.

The company has also amended the at-the-market program announced in December.

Russia provided almost a quarter of the enriched uranium used to fuel America’s fleet of more than 90 commercial reactors.

The company’s 100%-owned flagship project is the Larocque East uranium property in the eastern portion of the basin.

It's especially interested in nickel, cobalt, zinc and other metals, provided the government guarantees a stable business environment.

Rosatom has previously claimed that uranium deposits are fully isolated from the Tobol River by natural barriers.

The news sent the Australian junior's shares skyrocketing 123% while market reaction was more muted in Toronto.