The Vancouver-based company is seeking arbitration on the basis that the State of Niger breached its legal obligations when it withdrew the company's mining permit for the Madouela uranium project earlier this year.

Nigerien authorities have taken operational control of SOMAÏR, Orano has confirmed, saying decisions taken at the board meetings of the company which operates the Arlit mine are no longer being applied.

Days after Mining Minister Ousmane Abarchi said that Niger was actively seeking to attract Russian investment in natural resources including uranium, Orano has said the financial situation for its majority-owned SOMAÏR subsidiary - operator of the Arlit mine - is still deteriorating.

Major financial difficulties facing SOMAÏR, the operator of the Arlit uranium mine in Niger, have led to the decision to suspend its activities from the end of October.

Processing plant equipment that is beginning to arrive at the Dasa mine site has been shipped via Nigeria, but Global Atomic is hopeful that border restrictions between Niger and Benin will soon be resolved.

Southern Nuclear's Senior Vice President at Vogtle 3 and 4, John Williams, on the achievement of completing the first new US nuclear power units in more than 30 years - and the lessons which can be shared.

Global Atomic's Dasa uranium project in Niger has not been affected by political developments over the past year and continues to be supported by the Niger cabinet, the company's President and CEO Stephen Roman said in its quarterly results announcement.

Orano's income has been affected by the situation in Niger, with logistical issues continuing to cause blockages to uranium sales. But the group has confirmed its financial outlook for 2024, targeting stable revenue and a positive net cash flow, and says it still wants to talk to the government about continuing the Imouraren project.

USA-based African Discovery Group has signed a letter of intent to acquire the uranium exploration licence for the Ouricha-3 deposit in Niger from Central Global Access International Niger. Meanwhile, GoviEX plans to seek damages for the withdrawal of its mining rights to the Madaouela deposit.