Uranium Energy Corp (UEC) has entered a definitive share purchase agreement with Pacific Road Resources Funds to acquire all issued and outstanding shares of Reno Creek Holdings. The agreement allows UEC to buy 100% of Pacific Road's fully permitted Reno Creek in-situ leach (ISL) project in the Powder River Basin, Wyoming. Pacific Road, a mining private equity firm, will own about 9% of UEC's common shares at closing of the transaction. World-nuclear-news.org The Turkish Atomic Energy Authority (TAEK) has moved a step closer to the restart of its TR-2 research reactor, which was shut down in 2009 and converted to use low-enriched uranium fuel. A team of experts from the International Atomic Energy Agency (IAEA) carried out an Integrated Safety Assessment of Research Reactors (INSARR) follow-up mission between 25 and 28 April, which concluded that several safety improvements to TR-2 have been implemented, including facility modifications to strengthen protection against seismic hazards, upgrades to the reactor operational safety systems and improvements to safety documentation. World-nuclear-news.org U.S. Energy Secretary Rick Perry on Wednesday vowed to advocate for nuclear power as the nation looks for ways to fuel its economy and limit the effects of electricity generation on the environment. Usnews.com FirstEnergy's plan to change Ohio law to create new subsidies for the power company's nuclear power plants. Cleveland.com
