Latest news with #Natrium
Daily News Egypt
5 days ago
- Business
- Daily News Egypt
US Firm to Enrich Uranium at South Africa's Pelindaba Nuclear Facility
An American isotope company listed on Nasdaq, Isotope Technologies USA (ISP), has announced plans to begin uranium enrichment operations at South Africa's Pelindaba Nuclear Research Center under a new cooperation agreement with the South African Nuclear Energy Corporation (Necsa). Although founded only in 2021 and headquartered in Washington, D.C., ISP is building on technical expertise dating back to South Africa's uranium enrichment program of the 1980s, providing it with a strong scientific base in isotope separation technologies. The move comes ahead of ISP's planned secondary listing on the Johannesburg Stock Exchange (JSE) on August 27, in parallel with a share-swap deal with Renergen, South Africa's sole producer of helium and liquefied natural gas. Towards Advanced Nuclear Fuel Production In a pre-listing statement, ISP said the agreement with Necsa will focus on research and development collaboration leading to commercial production of advanced nuclear fuel. The company noted that Uranium-235 enriched using its proprietary quantum enrichment technology could serve as fuel for small modular reactors (SMRs) — next-generation, high-efficiency nuclear plants currently under development for both commercial and governmental use. In May, ISP signed a loan agreement worth up to $22 million with TerraPower, the U.S. nuclear innovation company founded by Bill Gates, to partially finance the new enrichment facility at Pelindaba. Commercial production is expected to begin once regulatory approvals are secured. Multi-Billion-Dollar Supply Agreement Under an initial supply agreement, the enriched fuel will be used in TerraPower's Natrium reactor project in Wyoming, which is slated to begin operations between 2027 and 2028. The deal is estimated at $375 million over 18 months, depending on fuel volumes and a fixed price. Negotiations are also underway for a long-term 10-year supply contract running from 2028 to 2037, covering up to 150 metric tons of high-assay low-enriched uranium (HALEU) with a total value of up to $3.75 billion. Johannesburg Listing Plans Shareholders of Renergen approved the share-swap agreement on July 10. However, ISP has confirmed that its planned JSE listing will proceed regardless of whether the share-swap is finalized. The company's market capitalization currently stands at around 15 billion rand ($831 million), with share premium calculations indicating a value of approximately $107.4 million. Pelindaba, located west of Pretoria, has long been at the heart of South Africa's nuclear research and development, and the new partnership could mark a significant step in positioning the country as a player in the global advanced nuclear fuel supply chain.
IOL News
08-08-2025
- Business
- IOL News
ASP Isotopes Inc to begin uranium enrichment at Pelindaba facility
The Pelindaba nuclear research facility outside of Tshwane. The Nasdaq-listed ASP Isotopes has reach an agreement with the state owned Nuclear Energy Corporate of SA to produce high-assay low-enriched uranium. Image: Supplied ASP Isotopes Inc (ASPI), the Nasdaq-listed company that plans a JSE listing, intends to begin uranium enrichment at the Pelindaba nuclear facility through an agreement with the South African Nuclear Energy Corporation (Necsa). ASPI, which is in the process of a share-for-share transaction with Renergen, the only onshore helium and liquid natural gas producer in South Africa, said in a pre-listing statement on Friday that the agreement is to collaborate on research, development, and ultimately the commercial production of advanced nuclear fuels. The company plans a secondary JSE listing on August 27. 'We believe the U-235 we may produce using QE (quantum enrichment) technology may be commercialised as a nuclear fuel component for use in the new generation of high-assay low-enriched uranium (HALEU)-fueled small modular reactors that are currently under development for commercial and government uses,' said ASPI's directors in the statement. In May 2025, ASPI entered into a loan agreement with TerraPower, as lender, and QLE TP Funding SPE, a subsidiary, as borrower, for a loan of up to $22 million to partially finance the proposed new uranium enrichment facility at Pelindaba, which can produce commercial quantities of HALEU, subject to the required permits and licenses being obtained. The initial core supply agreement for the project was intended to support the supply of the first fuel cores for the initial loading of TerraPower's Natrium project in Wyoming, in the 2027/28 timeframe. This initial supply agreement is currently valued at up to about $375 million over an 18-month timeframe, primarily dependent on the quantity of HALEU to be supplied and the firm fixed price for the HALEU. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Next Stay Close ✕ The envisaged long-term supply agreement is a 10-year supply agreement of up to 150 metric tons of HALEU, commencing in 2028 and running through to the end of 2037, currently valued at up to about $3.75 billion, primarily dependent on the quantity of HALEU to be supplied over 10 years and the base price of HALEU. Renergen shareholders approved a share swap scheme at a shareholder meeting on July 10, wherein each shareholder would receive 0.09196 ASPI shares for each Renergen share held, with no cash entitlement, save for fractional entitlements. ASPI directors said the listing on the JSE would occur regardless of whether or not the share swap scheme with Renergen shareholders became unconditional. ASPI's share premium account reflected a value of $107.4m, and the market value of ASPI shares was around R15 billion ($831m). ASPI said its proprietary technologies, the 'Aerodynamic Separation Process' and Quantum Enrichment technology (QE technology), were designed to enable the production of isotopes used in several industries. Their initial focus was the production and commercialisation of enriched Carbon-14 (C-14), Molybdenum-100 (Mo-100), and Silicon-28 (Si-28). Commercial production is starting at the C-14 and Si-28 enrichment facilities in Pretoria, South Africa. The production of commercial samples of highly enriched Yb-176 at the Yb-176 enrichment facility in Pretoria, South Africa, had commenced, they said.
Yahoo
25-06-2025
- Business
- Yahoo
TerraPower's Nuclear Leap and NVIDIA's (NVDA) First Energy Play
NVIDIA Corporation (NASDAQ:NVDA) is one of the 10 best AI stocks to buy according to billionaire David Tepper. On June 20, TerraPower—a nuclear energy startup founded by Bill Gates—announced a $650 million funding round to support construction of its first commercial power plant in Wyoming. Backers include existing investors like Gates and HD Hyundai, alongside Nvidia's NVentures, which marked its first step into the energy sector. Though regulatory approvals are still pending, the company expects a green light next year. The new Natrium reactor aims to deliver 345 megawatts of electricity, blending the scale of traditional reactors with the flexibility of emerging small modular designs. What sets Natrium apart is its molten sodium cooling system, enabling continuous operation even when electricity demand is low. Excess heat is stored and later used to meet spikes in demand, helping bridge gaps in solar and wind energy. TerraPower shifted to this design after scrapping an earlier plan and says it can complete a reactor within three years of the concrete pour. However, total costs could hit $4 billion, with the U.S. Department of Energy potentially covering half. Despite the price tag, Natrium could signal a new, more adaptable era for nuclear power. NVIDIA Corporation (NASDAQ:NVDA) is a global leader in computing and AI infrastructure, offering platforms like DRIVE, Jetson, and DGX Cloud for data centers, robotics, and autonomous systems. Its Graphics segment powers gaming and professional visualization with GeForce and RTX GPUs, along with Omniverse for industrial AI, serving industries from entertainment to automotive through a vast network of partners and providers. While we acknowledge the potential of NVDA 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: Goldman Sachs China Stocks: 10 Stocks to Buy and 10 Undervalued Blue Chip Stocks Analysts Recommend for Smart Investing. Disclosure: None. 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
19-06-2025
- Business
- Yahoo
TerraPower Lands $650 Million From Nvidia
Bill Gatesbacked TerraPower has closed a $650 million round led by Nvidia's (NASDAQ:NVDA) NVentures to fuel its first Natrium reactor as AI's power demands surge. The funding, which brings Nvidia's venture arm alongside existing investors like Gates and HD Hyundai, comes as TerraPower advances toward regulatory approval for its Natrium plantpoised to be the U.S.'s inaugural commercial advanced nuclear facility with modular, streamlined construction. Warning! GuruFocus has detected 4 Warning Signs with NVDA. Non-nuclear work kicked off last year, and with construction ramping up, this capital infusion will cover engineering, licensing and early site development. UBS (NYSE:UBS) served as the exclusive placement agent, and TerraPower remains privately held. As AI and data centers gobble electricity, reliable, carbon-free power is critical. Nvidia's entry signals tech leaders betting on next-gen nuclear to meet soaring energy needs. If Natrium succeeds, it could reshape the energy landscapeproviding stable baseload that complements intermittent renewables and fuels compute-hungry AI. Watch for TerraPower's licensing milestones and initial reactor blueprints next year. Success could pave the way for similar modular plants worldwideand cement nuclear's role in powering tomorrow's AI revolution. This article first appeared on GuruFocus.
Yahoo
19-06-2025
- Business
- Yahoo
TerraPower Lands $650 Million From Nvidia
Bill Gatesbacked TerraPower has closed a $650 million round led by Nvidia's (NASDAQ:NVDA) NVentures to fuel its first Natrium reactor as AI's power demands surge. The funding, which brings Nvidia's venture arm alongside existing investors like Gates and HD Hyundai, comes as TerraPower advances toward regulatory approval for its Natrium plantpoised to be the U.S.'s inaugural commercial advanced nuclear facility with modular, streamlined construction. Warning! GuruFocus has detected 4 Warning Signs with NVDA. Non-nuclear work kicked off last year, and with construction ramping up, this capital infusion will cover engineering, licensing and early site development. UBS (NYSE:UBS) served as the exclusive placement agent, and TerraPower remains privately held. As AI and data centers gobble electricity, reliable, carbon-free power is critical. Nvidia's entry signals tech leaders betting on next-gen nuclear to meet soaring energy needs. If Natrium succeeds, it could reshape the energy landscapeproviding stable baseload that complements intermittent renewables and fuels compute-hungry AI. Watch for TerraPower's licensing milestones and initial reactor blueprints next year. Success could pave the way for similar modular plants worldwideand cement nuclear's role in powering tomorrow's AI revolution. This article first appeared on GuruFocus. 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
