Nuclear & Uranium! The Week That Was

Big News of the WeekThe sector’s big breaking news are reports that the Kazatomprom management exodus stems from a deal to allow Russian state interests to buy 49% of the Budenovskoye uranium project in Kazakhstan.  We break it down, dissect facts from imputations and discuss the potential implications.https://www.bloomberg.com/news/articles/2023-05-16/russia-uranium-deal-caused-manager-exodus-at-kazakh-mining-giantWinner of the weekFrance – for galvanising Europe’s pro-nuclear countries into proposing a nuclear target that almost looks a little bit bold.  Its called the EU member states for nuclear energy summit and included recently open-minded Italy as an observer and even extended the hand of friendship to the UK to attend.https://www.reuters.com/business/energy/pro-nuclear-countries-pitch-atomic-role-europes-green-transition-2023-05-16/Bungle of the weekBelgium lawmakers for landing their country into such a big self-made mess – and STILL not doing enough to avoid power disruptions: https://www.brusselstimes.com/belgium-news/504370/belgiums-lights-will-go-out-if-nuclear-reactors-are-not-extended-says-elia-ceoQuestion of the weekWhy is the US so hesitant to impose sanctions on Russian nuclear fuel?  Companion bills have moved through the House and Senate, so does that mean sanctions will definitely be imposed?Tweet of the week has to be Elon’s assertive support for nuclear energy, tweeted out to his 140 million followers.Moonshots or Fizzers the WeekThe moonshot to watch will be Zuri-Invest, which is set to close its Uranium AMC fund at the end of this month.  We discuss the drama, the conflicting opinions and whether Zuri invest is destined to be a moonshot or a fizzer!