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Peninsula com- rado and other states strongly interested
mands the Lance in doing the same thing, so as quickly as
uranium project TerraPower and the other small modular
which is aiming for reactor firms can prove up their technology
an updated feasi- and safely demonstrate operations, I think
bility study in Q3. they’re going to have huge opportunities
More recently, here in the US.”
Peninsula has What comes next for uranium and nu-
found a neighbour clear power? Heili believes more people
in nuclear design should look to junior explorers and produc-
and engineering ers who can diversify supply of yellowcake.
company Terra- “The area that’s grown the least over the
Power, co-founded last decade has been uranium mining and
by Microsoft’s Bill I now think we’re at the front end of real
Gates. growth in production of uranium,” he said.
T er r a P o w er “The trend now is the consumers, who
plans to build a are the utilities, have left a lot of buying on
Bannerman’s uranium demonstration plant in Namibia, part of the $US4 billion nu- the table for a long time and now they’re
Etango project which contains a 207 mlb uranium resource clear power plant coming into the markets and they’re will-
to close the gap ing to concede they can’t rely on just two,
lar reactors is going to be put in,” he told on Wyoming’s shuttering coal-fired power three or four of the world’s largest mines
Paydirt. stations. and miners for supply.
“There’s been communities around the “The coal mine is being shut down, so “They’re turning to the junior mining
country saying, ‘our coal fired power plants TerraPower is coming in and substituting sector to fill an increasing amount of their
are going to be retired in the near future nuclear power generation for coal-fired needs into the future, so the next trend is
and we’d really love something to replace generation in that community,” Heili said. going to be the second tier of producers
them’. “The uranium operations, the producers, signing longer term contracts with utilities.”
“We’ve seen a 3-5% annual growth rate have strongly supported TerraPower’s ini-
in the use of nuclear around the world and tiatives in Wyoming. – Fraser Palamara
that trend is going to continue.” “I’ve also heard of communities in Colo-

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