China Approves 11 New Nuclear Reactors 🚀🚀🚀

This is Nuclear Update, where we're the energized fusion of cutting-edge news and atomic insights, sparking up your knowledge one atom at a time!

This is what we got for you this week:

• China Approves 11 New Nuclear Reactors in Expansion Push🚀

• Investors Rush into Uranium Miners💥

• Brazil Restarts Uranium Exploration After 40 Years😍

• Startup to Transform Nuclear Energy with Underground Reactors🕳️

China Approves 11 New Nuclear Reactors in Expansion Push🚀

China has approved 11 new nuclear reactors across five sites, marking a record $31 billion investment as the nation ramps up its reliance on atomic energy. These projects, spanning Jiangsu, Shandong, Guangdong, Zhejiang, and Guangxi provinces, are expected to take about five years to complete. With more nuclear reactors under construction than any other country, China will surpass France and the US to become the world’s leading atomic power generator by 2030 and reach 150 GW by 2035, nearly tripling its current capacity. The newly approved reactors include advanced designs like high-temperature gas-cooled reactors, with fleet-mode construction ensuring rapid deployment and consistency across the projects. This approval follows a trend, with China approving 10 new reactors annually over the past two years, 46 since 2019.

Investors Rush into Uranium Miners💥

Uranium stocks were soaring on Friday as Kazatomprom, the world’s largest uranium producer supplying 20% of the global uranium output, announced a 17% reduction in its 2025 production target due to sulfuric acid supply issues and construction delays. This news sent Cameco shares up 4.75% to $57.58, with Denison Mines surging 12.81% and NexGen Energy rising 8.96%. The rally reflects investor anticipation of tighter uranium supplies and higher prices, with the New York-based commodity research firm Goehring & Rozencwajg predicting the situation will exacerbate a "structural supply deficit" for uranium. "The uranium market could very well turn chaotic as buyers are forced to acknowledge the extent of the deficit," they wrote. "We believe the uranium bull market is far from over. Production shortfalls will fuel the next phase."

Brazil Restarts Uranium Exploration After 40 Years😍

Brazil is resuming uranium exploration after a 40-year suspension to bolster its nuclear energy program. The country, with only one operating uranium mine, plans to exploit its substantial untapped uranium reserves to meet increasing energy demands and to reduce dependency on imports. By expanding uranium exploration and production, Brazil aims to support its existing nuclear plants as well as future projects. According to studies conducted 40 years ago, Brazil had the eighth-largest uranium reserve in the world.

Startup to Transform Nuclear Energy with Underground Reactors🕳️

A new nuclear energy startup, Deep Fission, has announced a $4 million pre-seed round. The company aims to revolutionize nuclear power by placing reactors a mile underground. This underground setting utilizes a traditional pressurized water reactor design, which enhances safety and reduces costs by eliminating the need for large pressure vessels and containment structures. Additionally, Deep Fission leverages conventional low-enriched uranium fuel and existing supply chains, avoiding delays seen in other advanced reactor designs. This approach targets greater sustainability and operational efficiency compared to conventional nuclear power plants.

Nuclear Nuggets🧽

Russia’s 2042 energy plans include 11 new nuclear power plants. Combined with the 11 announced by China, that’s 22 new reactors announced in one week!🥳

Poland plans to earmark $1.2 billion in the 2025 budget to begin preparations for building the nation’s first nuclear power plant.

Steel giant Tata Steel is assessing the feasibility of deploying around 200 Bharat Small Reactors (BSRs), totaling approximately 45 GW to produce green steel.

Memes of the week🤣

Review of the week💪

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.