Scott Nolan is the founder and CEO of General Matter, a venture-backed company that with the blessing of the Department of Energy just broke ground this week on a new private venture at the very same facility. Nolan is also a partner at Founders Fund and he joins us now. Scott, it's great to speak with you.Thanks for having me on. So, let's start right there because this is going to be the first in the US privatelyowned and operated uranium enrichment facility. How is this going to work.So yes, earlier this ...

Winnipeg, Manitoba--(Newsfile Corp. - August 5, 2025) - Snow Lake Resources Ltd., d/b/a Snow Lake Energy (NASDAQ: LITM) ("Snow Lake"), a uranium exploration and development company, announces that Ubaryon Pty Ltd ("Ubaryon") has confirmed the execution of a binding agreement (the "Agreement") with Urenco, following Ubaryon shareholder approval on July 16, 2025. Under the Agreement, the two companies will form a strategic partnership to progress the development of Ubaryon's next-generation uranium enrichmen ...

Big countries tend to build nuclear power plants themselves. Yet there is also a significant export market for reactors. The fuel market is even more lopsided, with just a few countries, including Russia, able to enrich uranium https://t.co/KSI8j8dYAQ ...

Satellite images show Iran has built a new access road at its Fordow uranium enrichment site, which was hit in last month's U.S. airstrike https://t.co/Is9VCM3agX ...

Initial Impact Assessment - Defense Intelligence Agency's initial assessment indicates US strikes degraded Iranian nuclear facilities but did not destroy them, potentially setting back the program by a few months [2] - The Trump administration disputes this assessment [2][3] - It's difficult to fully assess the damage due to site inaccessibility [6] Program Status and Future Prospects - The Iranian nuclear program's ability to reconstitute and continue uranium enrichment is uncertain [9] - The IAEA is focused on assessing the preservation of nuclear material and the potential for capability reconstitution [7] - Iran denies working towards nuclear weapons capability [9] Strategic Objectives - Israel and the Trump administration aimed to eliminate Iran's uranium enrichment capability [8] - The Trump administration claims the Iranian nuclear program has been set back decades and Iran will no longer enrich uranium [4]

Craters are now visible at the foro site, Iran's main location for enriching uranium at 60% indicating the use of ground penetrating munitions. This is consistent with statements from the United States. At this time, no one, including the IEA, is in a position to have fully assessed the underground damage at Foraux.Given the explosive payload utilized and the extreme vibration sensitive nature of centrifuges, very significant damage is to have occurred, is expected to have occurred. We continue to monitor t ...

One thing that I want to get a sense from you, Victoria, is this idea that Iran's allies or at least strategic allies, how they respond and what what they do going forward. Beijing, for instance, has not really offered any substantial assistance to Tehran besides rhetorical support. Do you expect that to change.I really don't. Scarlett, That's not typically China's method. I mean, they can't do a ton in the Middle East in terms of force projection.They have no capabilities like what we exercised over Saturd ...

Everyone seems to agree that there was a direct strike that reached underground somewhere, but we do not know whether all of the equipment in Fordo was damaged or destroyed. And we do not know if the site was put out of action. If Iran decides we're going to try and build a bomb, they need file material that they can then fairly quickly and easily uh turn into weapons grade material.And then they would actually have to build a nuclear warhead out of it, which is something they've never done. But without tha ...

Core Points - The U.S. Department of Energy has extended Centrus Energy's contract to produce High-Assay, Low-Enriched Uranium (HALEU) through June 30, 2026, valued at approximately $110 million [1][2] - Centrus is working to restore America's uranium enrichment capabilities and provide a critical source of HALEU for advanced reactors [2][6] - The contract includes options for continued production for up to eight additional years beyond the current extension [1][3] Contract Details - Centrus was initially contracted in 2019 to demonstrate HALEU production at the American Centrifuge Plant in Piketon, Ohio [2] - Phase I of the contract was completed in late 2023, with the delivery of 20 kilograms of HALEU [2][3] - Phase II requires the production of an additional 900 kilograms of HALEU by June 30, 2025, while Phase III includes three optional extension periods of three years each [3] Strategic Importance - The HALEU produced under this contract is intended to support national priorities, including the demonstration and commercialization of HALEU-fueled advanced reactors [4] - Centrus has provided over 1,850 reactor years of fuel since 1998, equivalent to more than 7 billion tons of coal, highlighting its role in the nuclear power industry [5]

We know your inspectors also reported that there was no systemic weapons program. Does that mean that no smoking gun existed to justify what we are seeing right now and with preemptive invasion. Well, I don't know the metric of a smoking gun how you would define that.I how close are they to making a nuclear weapon. Sir, I have said let me get to that. I have said that no country in the world is enriching uranium at this level of 60% which is technically almost equivalent of uh 90% which is needed to have a ...