Orano is the French nuclear fuel cycle company spun out of Areva in January 2018 and is roughly 46 percent owned by the French state, with JNFL and KEPCO as significant minority shareholders.
The Niger crisis since the July 2023 coup is the dominant operational story of 2024 to 2025, with the Imouraren permit cancelled, Somair effectively nationalized, and Orano pivoting toward Kazakhstan and Uzbekistan supply.
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