Orano Says Rising Uranium Price May Revive Mining Projects (1)

Orano SA is considering reviving a project to mine uranium in Namibia after rebounding prices for the radioactive metal and increasing demand for nuclear-fuel services boosted 2024 earnings, Chief Executive Officer Nicolas Maes said.

The French state-owned company — which sells fuel and treats waste for plant operators in Europe, North America and Asia — is benefiting from production issues affecting the uranium mining industry, rising atomic output in countries such as China and a US plan to end reliance on Russian uranium-enrichment services.

“The prices of products that we’re selling have substantially risen thanks to better market ...