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LG&E, Kentucky Utilities, X-energy to plan small modular reactor deployment

2026-05-05

Louisville Gas and Electric Company (LG&E) and Kentucky Utilities (KU), both subsidiaries of PPL Corporation, have partnered with nuclear reactor designer X-energy to explore the deployment of X-energy’s Xe-100 small modular reactors (SMRs) in Kentucky. This collaboration aims to address the Commonwealth’s growing energy demand and strengthen grid reliability, aligning with significant legislative and regulatory support for nuclear energy in the state. The initiative signals a proactive step towards integrating advanced nuclear technology into the energy mix, with potential long-term implications for the energy sector and uranium market.

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Recent Articles

CIM appoints Lucy Potter as 2028-29 president-elect

2026-05-05

The Canadian Institute of Mining Metallurgy and Petroleum (CIM) has announced the appointment of Lucy Potter as its president-elect for the 2028-2029 term, effective May 2028. Potter, currently General Manager, Technical and Sustainability, at Rio Tinto Iron & Titanium and Diamonds, brings over 25 years of extensive experience across the mining value chain, including senior leadership roles at major global miners. Her appointment signals a strategic focus on balancing growing global demand with sustainable development and fostering operational excellence within the Canadian minerals and metals industry.

Op-Ed: The copper supply crisis is a sulfur management crisis

2026-05-05

A recent op-ed by Randy Allen, published May 4, 2026, highlights that the escalating copper supply crisis is fundamentally a sulfur management crisis, exacerbated by critical global supply chain disruptions. Recent export halts from China and Russia, alongside restrictions from other nations, have exposed the strategic importance of sulfuric acid, challenging the mining industry's long-held perception of sulfur as merely a waste product. This shift necessitates a re-evaluation of processing methods to transform sulfur into a valuable revenue stream, crucial for securing future copper production and domestic industrial self-sufficiency. <p> </p>

Falcon Copper, Glencore to boost US minerals supply chain

2026-05-04

Falcon Copper and Glencore International have signed a non-binding Memorandum of Understanding to collaborate on critical minerals projects, specifically targeting the bolstering of the US supply chain. This strategic alliance aims to channel up to 1.6 million tonnes per annum of copper concentrate to Falcon’s proposed smelting and refining facilities in the United States, thereby reinforcing domestic processing capabilities for essential minerals.

New Earth expands Lucky Boy project with 268 acres in Arizona

2026-05-04

New Earth Resources has significantly expanded its Lucky Boy Uranium Project in Gila County, Arizona, securing an additional 268 acres of state mineral lease land. This strategic acquisition, approved by the Arizona State Land Department following an application in February 2026, nearly doubles the company's land holdings at Lucky Boy to approximately 541 acres, strengthening its position in a historically productive uranium region. The expansion is anticipated to provide substantial flexibility for future exploration and development in a revitalized global uranium market.

Ontario to axe early-stage red tape, mining minister says

2026-05-03

Ontario is set to enact new legislation this autumn to significantly reduce regulatory burdens on early-stage mining projects, aiming to catalyze private investment and shorten development timelines. This move coincides with a strategic pivot in the province's mineral strategy from electric vehicle components towards "defence metals," amidst stalled battery plant projects. Furthermore, Ontario is strongly backing Toronto's bid to host the NATO Defence, Security and Resilience Bank, leveraging its robust mining finance and defence sectors to strengthen North American supply chains and influence ongoing Canada-United-States-Mexico Agreement (CUSMA) review discussions.

Op-Ed: What Canada’s sovereign wealth fund, defence industrial strategy mean for miners

2026-05-03

Canada has launched two significant federal initiatives – the Canada Strong Fund, a new national sovereign wealth fund with C$25 billion over three years, and a comprehensive Defence Industrial Strategy. These efforts, highlighted by industry experts Jennifer Wasylyk and Carla Potter of Cassels, signal a fundamental redefinition of critical minerals as national security assets rather than mere commodities, profoundly impacting how mining projects may be financed, prioritized, and regulated across the nation.

Cove Kaz, Skyline sign merger agreement

2026-05-02

Cove Kaz Capital Group and Skyline Builders Group have signed a definitive merger agreement, anticipating the formation of Kaz Resources, a Nasdaq-listed entity under the ticker ‘KAZR’. This strategic consolidation aims to establish a global leader in critical minerals, particularly tungsten and rare earths, destined for the US defense and industrial sectors. The merger, which includes the significant acquisition of Kaz Critical Minerals' 15 licenses in Kazakhstan, is strategically poised to leverage substantial US government financial backing for its advanced exploration and late-stage projects.

Silver Sands to acquire Fairfield Gold Project in Mexico

2026-05-02

Silver Sands Resources has signed a definitive agreement to acquire a 100% interest in the Fairfield Gold Project in Mexico’s State of Nayarit from Fairfields Gold. This strategic move, involving approximately $675,000 in cash and 5.15 million common shares over four years, positions Silver Sands to explore a historically significant property with high-grade gold and silver mineralization identified by ASARCO nearly a century ago. The acquisition underscores the project's exploration potential within Mexico, a key mining jurisdiction.

Energy Department Issues RFP to Continue Swift Execution of President Trump’s 172-Million-Barrel Strategic Petroleum Reserve Exchange

2026-05-01

The U.S. Department of Energy (DOE) issued a new Request for Proposal (RFP) on April 30, 2026, for an emergency exchange of up to 92.5 million barrels of crude oil from the Strategic Petroleum Reserve (SPR). This action is a continuation of President Trump’s 172-million-barrel release, part of a larger 400-million-barrel coordinated effort by International Energy Agency (IEA) member nations aimed at stabilizing global oil supplies. The initiative leverages the SPR’s exchange authority to provide immediate market relief while growing the reserve through premium barrel returns from participating companies.

Kodiak, Teck sign LoI to establish new copper exploration company

2026-05-01

Kodiak Copper and Teck Resources have signed a Letter of Intent (LoI) with Kay Copper to establish a new US-focused copper exploration company, slated for a TSX Venture Exchange listing. This strategic partnership involves transferring Kodiak's Mohave project and Teck's Copper Hill project, both located in Arizona, into a subsidiary of Kay Copper. The collaboration aims to advance these promising porphyry copper assets amidst growing global demand for the critical metal.