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On Brink of Bankruptcy, Thundermist Seeks $8 Million Bailout

NIGER, MAY 1 – Niger’s military government seized majority control of the Soma�r mine from Orano, citing unfair uranium extraction and promising continued production amid rising uranium prices, up 7% this year.

Summary by Oil Price
French nuclear fuel giant Orano’s uranium mining subsidiary in northern Niger is on the verge of bankruptcy, raising alarms over future nuclear fuel supply chains amid deepening tensions with the ruling junta, Reuters reported on Wednesday. The company cited a breakdown in talks with Niamey and the blocking of essential equipment at the border as the primary drivers of the crisis. The COMINAK mine in the Arlit region once supplied up to 30% of F…

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On brink of bankruptcy, Thundermist seeks $8 million bailout

·East Providence, United States
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Bias Distribution

  • 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
33% Right
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WPRI 12 broke the news in East Providence, United States on Monday, October 7, 2024.
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