Cameco Suspends Cigar Lake Mining After McClean Lake Mill Shutdown

BWX Technologies Inc shares rose 8% in Tuesday trade after the company announced its BANR microreactor technology was selected for a Transportable Nuclear Power Plant project in Belledune, New Brunswick. Prodigy Clean Energy, Pabineau First Nation and Eel River Bar First Nations chose BWXT's reactor for the Indigenous-led nuclear project, which will feature an up to 50 megawatts electric Prodigy TNPP within the traditional territory of the Pabineau and Eel River Bar First Nations, with targeted in-service operation by the early 2030s. The BWXT Advanced Nuclear Reactor is a high-temperature gas-cooled reactor designed to produce 75 megawatts thermal, or 22 MWe, using high-assay low-enriched uranium in a TRISO fuel form. The Government of New Brunswick provided Prodigy and the First Nations with a signed Letter of Intent to offtake the generated electricity, and BWXT Canada and Kinectrics Inc., a BWXT-owned company, will deploy a Canadian workforce to support the project. The two BANR units and other systems for the Belledune TNPP will be principally fabricated at BWXT's facilities in Ontario, and BWXT and Prodigy are working toward a definitive agreement for cooperative project development, engineering, licensing, supply chain integration, financing and deployment of BANR-TNPPs.

Uranium Royalty Corp. filed a shelf registration of about US$915.95 million covering up to 226,719,982 common shares in early October 2026, expanding its capacity to raise capital over time. The filing increases the company's flexibility to fund new royalty acquisitions or uranium purchases, but it also raises the prospect of further equity issuance after a year in which shareholders were already substantially diluted. Uranium Royalty has turned profitable, reporting US$214.36 million in revenue and US$55.47 million in earnings over the past year. Two fair value estimates from the Simply Wall St Community span roughly US$1.21 to US$4.29 per share, reflecting widely differing views on the company against its recent profitability and the sizeable new shelf. The share price has pulled back over the past month and trades at a modest discount to consensus fair value, which may sharpen investor focus on the trade off between growth opportunities and potential dilution.