Overview

• The government announced the creation of YPF Nuclear as a new subsidiary to lead uranium mining operations in Chubut province.
• Top officials, including Governor Ignacio Torres, Cabinet Chief Guillermo Francos, YPF President Horacio Marín and Nucleoeléctrica head Demian Reidel, have finalized the institutional framework for YPF Nuclear.
• Negotiators are working on a multimillion-dollar agreement to transfer control of Chubut’s uranium mines from the CNEA to the provincial government.
• Chubut will file an appeal at the U.S. Court of Appeals to lift the embargo on its shares in YPF imposed during the Burford investment dispute.
• The plan forms a key pillar of the Plan Nuclear Argentino, which seeks to build the country’s first small modular reactors, extend existing plant lifespans and begin exporting enriched uranium-derived energy by 2031.