Orano Receives €300 Million Cash Injection From France

The French government has injected €300 million ($330 million) into state-controlled uranium producer Orano. This capital infusion was announced on Thursday by both the company and the economy ministry.

The infusion saw Orano issue new shares which were purchased entirely by the French state, increasing its stake in the company to 90.3%. The remaining shareholders, Japan’s Nuclear Fuel Limited and Mitsubishi Heavy Industries, saw their stakes reduced from 5% to 4.8% each.

The investment is aimed at financing strategic projects, including the expansion of the Georges-Besse II enrichment plant in southern France. This extension is expected to increase Orano’s uranium enrichment capacity by one-third, a key step in a market currently dominated by Russia’s Rosatom, which holds a 43% share. Other major players include European group Urenco (31%), China’s CNNC, and Orano itself (12%).

READ: Orano to Build Multi-Billion Dollar Uranium Enrichment Plant in Tennessee

The infusion comes at a time when European countries are actively seeking to reduce their reliance on Russian energy sources, particularly following the 2022 invasion of Ukraine. Orano, formerly known as Areva, primarily enriches raw uranium from Canada and Kazakhstan, having recently ceased operations in Niger due to difficulties in reaching an agreement with the country’s new military leadership.

Orano’s statement emphasized that this capital injection reflects “a promising environment with new perspectives for nuclear energy in France and around the world to meet climate and sovereignty issues.”


Information for this story was found via Reuters, and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

First Majestic Posts Record Quarterly Silver Production In Q3

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

Related News

Niger Seizes Uranium Mine From French Nuclear Giant Orano

Niger’s military government announced Thursday its decision to nationalize a major uranium mine operated by...

Monday, June 23, 2025, 12:53:00 PM

Orano’s $1.6B Mongolia Uranium Project in Limbo Over Political Tensions

A $1.6 billion uranium mining deal between France and Mongolia, aimed at diversifying France’s nuclear...

Monday, February 26, 2024, 02:05:41 PM

Orano Signs Agreement For New Mine In Mongolia Under Joint Venture

Orano is set to develop a new uranium deposit in Mongolia, following the signing of...

Friday, January 17, 2025, 09:25:14 AM

France’s Orano Loses Command of Uranium Mines to Niger Junta

French nuclear energy firm Orano confirmed Wednesday that Niger’s military junta has taken operational control...

Saturday, December 7, 2024, 09:32:00 AM

France and Mongolia Strike $1.7 Billion Uranium Mining Deal

France has secured a significant alternative uranium source after signing a $1.7 billion deal with...

Saturday, October 14, 2023, 11:29:00 AM