EIB backs uranium enrichment project in France

EIB backs uranium enrichment project in France

The move could spark a new debate in Brussels, where the funding of nuclear power is a sensitive political issue.

Brazil has the eighth largest uranium reserve in the world and technology for peaceful enrichment

This funding is part of the European strategy to reduce the European Union's dependence on imports of fossil fuels and to accelerate the transition to low-carbon energy sources The European Investment Bank (EIB) and Orano, a French company engaged in uranium mining and support for nuclear operations, have announced the signing of a loan agreement of EUR 400 million to finance part of the investment in the project to expand the Georges Besse 2 ur…

Boss expands into the NT - Australian Resources & Investment

The Honeymoon uranium project. Image: Boss EnergyBoss Energy continues to grow its uranium footprint, entering into an option agreement with Eclipse Group to earn up to 80 per cent of the Liverpool uranium project in the NT. The uranium miner can unlock the agreement by spending $250,000 on the project in the first 12 months. Then Boss can earn the 80 per cent interest by spending $8 million across seven years. Once Boss has earned an initial 49…

Nuclear: Orano secures major funding from the European Investment Bank

Paris – The French uranium cycle specialist Orano (formerly Areva) announced on Monday that it has secured a 400 million euro loan for its project to increase its enrichment capacity from the European Investment Bank (EIB), marking its return to French nuclear energy. This approximately 25-year loan will finance part of the expansion project of the Georges Besse II enrichment plant located in Tricastin in the south of France, representing a tota…

The European Investment Bank marks its return to the tricolor nuclear industry and will accompany Orano in the upsurge of the Tricastin uranium enrichment plant.