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Foremost Clean Energy Announces 3-Year Exploration Drill Permit for CLK Uranium Property Showcasing Exploration Pipeline
Globenewswire· 2025-06-10 12:30
CLK was strategically staked by Denison Mines Corp ("Denison", NYSE American: DNN) and is comprised of 25,753 acres (10,422 hectares) located approximately 30 kilometers south of the northern Athabasca Basin margin. The property lies within the Snowbird Tectonic Zone, which is a structural corridor that is known to host several uranium occurrences (see figure 1 below). The property is adjacent to Saskatchewan Highway 905 and can be accessed via winter trail or year-round via aircraft from airstrips at eithe ...
QIMC and QMET Expand Hydrogen Development with Phase 2 Program in Nova Scotia Project
Newsfile· 2025-06-10 12:00
Core Insights - Quebec Innovative Materials Corp. (QIMC) and Q Precious & Battery Metals Corp. (QMET) are advancing their natural hydrogen development initiative in Nova Scotia with the completion of an initial geological reconnaissance program [1][2] - The Phase 2 exploration program, valued at $200,000, will involve extensive soil gas sampling to detect hydrogen and other gases, with participation from the Institut National de la Recherche Scientifique (INRS) and local First Nations [2][3] Company Developments - QIMC has successfully identified critical geological fault zones and structural features essential for natural hydrogen exploration in Nova Scotia [2][4] - QMET has made an initial cash deposit to QIMC as part of the Phase 2 exploration program, which is set to commence in July [2][3] - The exploration will include over 1,000 soil gas samples collected at intervals of 50 to 100 meters, focusing on key geological structures within the Cumberland basin [3] Strategic Partnerships - The collaboration between QIMC and QMET aims to leverage advanced exploration techniques to identify natural hydrogen zones, contributing to Nova Scotia's energy future [5] - The involvement of the Temiscamingue First Nations in the initiative highlights the commitment to community engagement and collaboration in resource exploration [3][5] Future Outlook - The Phase 2 program is designed to enhance the understanding of hydrogen potential in the region, with real-time data interpretation by INRS experts to identify high-grade hydrogen zones [3][5] - QIMC emphasizes its proprietary exploration model's effectiveness in delivering high-value results, positioning the company to unlock clean natural hydrogen assets in Nova Scotia [5][8]
NANO Nuclear Appoints Former U.S. Secretary of Energy and 47th Governor of Texas Rick Perry as Chairman of its Executive Advisory Board
Globenewswire· 2025-06-10 11:00
Core Viewpoint - NANO Nuclear Energy Inc. has appointed Rick Perry, former Governor of Texas and U.S. Secretary of Energy, as the Chairman of its Executive Advisory Board, aiming to leverage his expertise to advance the company's nuclear energy initiatives [1][3][7]. Company Overview - NANO Nuclear Energy Inc. is focused on developing clean energy solutions through advanced nuclear technology, aiming to become a vertically integrated leader in the nuclear power sector [1][11]. - The company is publicly listed on NASDAQ under the ticker NNE and is recognized as a pioneer in portable nuclear microreactor technology [11]. Executive Advisory Board - The Executive Advisory Board consists of high-level military, scientific, and governmental experts, providing NANO Nuclear with deep industry knowledge and valuable contacts [2][3]. - Rick Perry will lead the Board's efforts to assist NANO Nuclear, focusing on advancing nuclear energy technology and commercial strategies [2][3][7]. Rick Perry's Background - Rick Perry served as the 14th Secretary of Energy from 2017 to 2019, advocating for nuclear power as a stable and efficient source of clean energy [3][9]. - His extensive public service includes being the 47th Governor of Texas and a representative in the Texas House of Representatives [9][10]. Strategic Goals - NANO Nuclear aims to position the U.S. at the forefront of nuclear technology, addressing rising energy demands driven by advancements in artificial intelligence and data centers [3][7]. - The company is developing several advanced reactor products, including the KRONOS MMR Energy System and the portable LOKI MMR, which represent significant advancements in clean energy solutions [12]. Subsidiaries and Operations - NANO Nuclear has several subsidiaries focused on various aspects of the nuclear energy sector, including HALEU Energy Fuel Inc. for fuel fabrication and NANO Nuclear Space Inc. for space applications [13][14][15]. - Advanced Fuel Transportation Inc. aims to build a transportation network for HALEU fuel, supporting small modular reactors and other nuclear initiatives [13].
2 Cheap Nuclear Energy Stocks to Buy Now to Ride AI-Boosted Growth
ZACKS· 2025-06-06 13:10
Core Insights - The U.S. government and major tech companies are supporting nuclear energy expansion to drive economic growth and support the energy demands of artificial intelligence [1][2][8] - The U.S. aims to triple nuclear energy capacity by 2050, with recent executive orders to accelerate this initiative [2] - Major tech firms like Meta, Microsoft, and Amazon are entering nuclear energy agreements to support their AI operations while reducing fossil fuel reliance [3][4] Industry Overview - The global investment in clean energy technologies is projected to reach $2.5 trillion by 2025, driven by significant capital expenditures from tech companies [5] - Nuclear energy is seen as a critical component in the transition to a sustainable energy landscape, particularly in relation to AI growth [5] Company Insights - Mirion Technologies specializes in radiation safety and is positioned to benefit from the nuclear energy industry's expansion, with a focus on next-generation nuclear reactors [7][9] - Mirion's revenue from nuclear power is expected to account for approximately 40% in 2024, with projected sales growth of over 5% in 2025 [15] - Rolls-Royce has seen significant stock growth and is leveraging its expertise in nuclear propulsion to develop small modular reactors, with a projected 31% growth in adjusted earnings for FY25 [16][21]
Worksport Announces Fall 2025 Launch of Highly Anticipated SOLIS & COR Nano-Grid System Following Completion of Major Engineering Milestones
Globenewswire· 2025-06-05 12:15
Core Insights - Worksport Ltd. is set to launch its modular nano-grid system, SOLIS & COR, in Fall 2025, following successful engineering milestones and validation benchmarks [2][6] - The company anticipates generating $2-3 million in new revenue from these products in 2025, with expectations for rapid scaling and long-term growth in the mobile power and clean energy markets [8][9] Product Overview - The SOLIS solar tonneau cover and COR portable power system are designed to empower over 60 million pickup trucks in the U.S. to generate and store power [3][6] - The total addressable market (TAM) for these products is projected to triple from $4 billion to over $13 billion [3] Market Positioning - The portable energy market is expected to grow at a CAGR of 24.2%, indicating strong demand for Worksport's offerings [6] - SOLIS is positioned as a first-of-its-kind solar solution in the U.S. truck accessories sector, while COR aims to compete with leading portable power industry players [9] Manufacturing and Readiness - Manufacturing of the SOLIS system is underway at Worksport's ISO-certified facility, with production planning for COR also in progress [10] - Both systems have passed internal and third-party tests, with certifications expected within two months [6][10] Strategic Vision - The launch of SOLIS and COR is viewed as a strategic platform for multi-channel expansion, addressing real-world challenges and designed for mass-market scalability [12] - The company aims to leverage its proprietary technology and U.S.-based operations to enhance competitiveness in the market [9][12]
Standard Uranium Announces Intent to Complete NI 43-101 Technical Report on the Corvo Uranium Project, Eastern Athabasca Basin
Newsfile· 2025-06-05 11:30
Standard Uranium Announces Intent to Complete NI 43-101 Technical Report on the Corvo Uranium Project, Eastern Athabasca Basin June 05, 2025 7:30 AM EDT | Source: Standard Uranium Ltd. Vancouver, British Columbia--(Newsfile Corp. - June 5, 2025) - Standard Uranium Ltd. (TSXV: STND) (OTCQB: STTDF) (FSE: 9SU0) ("Standard Uranium" or the "Company") is pleased to announce that it has contracted Axiom Exploration Group Ltd. ("Axiom") to complete a Technical Report (the "Report") in accordance with National Instr ...
WillScot Introduces Innovative Power Solution – Solar Power by WillScot
Globenewswire· 2025-06-04 14:00
Core Insights - WillScot Holdings Corporation has launched "Solar Power by WillScot," a proprietary solar energy solution designed to provide clean and reliable power for its temporary space solutions [1][2] - This innovative power solution is fully integrated with WillScot's modular space offerings, allowing for flexible energy sourcing and cost reduction compared to traditional power generation methods [2][3] Company Overview - WillScot is a leading provider of innovative temporary space solutions in North America, offering a wide range of products including modular offices, mobile classrooms, and portable storage containers [4] - The company operates approximately 260 branch locations across the United States, Canada, and Mexico, serving diverse customer segments across various sectors of the economy [4] Product Features - Solar Power by WillScot can function as a standalone energy source or in conjunction with generators and the grid, providing scalable and sustainable power solutions [2] - The solution aims to reduce emissions, lower operating costs, and enhance efficiency for customers, supported by WillScot's local service network [3]
Constellation Energy and Meta Strike Nuclear Deal, Shares Whipsaw
MarketBeat· 2025-06-04 11:20
Constellation Energy Today CEG Constellation Energy $313.03 -0.40 (-0.13%) 52-Week Range $155.60 ▼ $352.00 Dividend Yield 0.50% P/E Ratio 26.33 Meta and Constellation have announced the signing of a 20-year power purchase agreement (PPA), which covers over 1.1 gigawatts (GW) of nuclear energy. The agreement would allow Constellation's Clinton Clean Energy Center to continue operating. The company slated the plant to close in mid-2027, when Illinois' Future Energy Jobs Act was set to end its financial suppor ...
Meta signs 20-year nuclear power deal as tech giants continue AI-driven energy push
New York Post· 2025-06-03 18:53
Meta signed a 20-year deal with a nuclear plant in Illinois, becoming the latest tech giant to partner with the industry to power an expansion into artificial intelligence.Starting in June 2027, Meta will fund approximately 1.1 gigawatts of energy from Constellation Energy’s Clinton Clean Energy Center in Clinton, Ill., which is the entire output from the site’s sole reactor. Just one gigawatt is enough to power nearly 1 million homes. 3 Meta on Tuesday announced it has signed a 20-year deal with a Conste ...
GEV's Turbines to Power Saudi Gas Plant: How to Play the Stock
ZACKS· 2025-06-03 16:20
Core Insights - GE Vernova Inc. (GEV) has secured an order to supply five advanced 7H-Class gas turbines for Saudi Arabia's 3 GW Qurayyah Independent Power Plant Expansion Project, reinforcing its long-standing relationship with the Kingdom's energy sector [1][2] - The deal aligns with Saudi Arabia's goal of generating 50% of its electricity from gas by 2030, showcasing GEV's technological advantage in energy transition and potential for recurring revenues from infrastructure projects [2] Company Performance - GEV's stock has increased by 47.5% year-to-date, outperforming the Zacks Alternative-Energy industry's growth of 16.7% and the broader Zacks Oils-Energy sector's decline of 4.4%, as well as the S&P 500's rise of 0.1% [4][9] - The company's gas turbine orders rose by 11.8% in Q1 2025, with heavy gas turbine orders surging by 81.3%, indicating strong demand in its gas power business [11] Growth Prospects - GEV is benefiting from a growing demand for low-emission equipment, with equipment revenues climbing 16% year-over-year in Q1 2025, supported by an expected global electricity consumption growth of 3.9% in 2025 [12] - The Zacks Consensus Estimate for GEV's long-term earnings growth rate is projected at 18%, with sales estimates for 2025 and 2026 indicating improvements of 6.4% and 10% year-over-year, respectively [13][14] Recent Developments - GEV has initiated a $20 million investment plan to develop next-generation repair technologies for its HA gas turbines, supported by Singapore's EDB [7] - The company has also secured contracts for wind projects and a major contract with Oglethorpe Power in the U.S. for high-efficiency gas turbines, highlighting its expanding global presence [10] Valuation - GEV's forward 12-month price-to-earnings (P/E) ratio stands at 52.88X, significantly higher than its peer group's average of 15.93X, indicating a premium valuation [18][19]