Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Leading Charge to Reduce U.S. Dependence on Foreign Sources of Uranium

April 28, 2020 12:08:01
  • U.S. government recently issued policy determinations aimed at revitalizing domestic mining industry
  • UUUU’s White Mesa Mill is only conventional uranium mill in the United States
  • Energy Fuels is largest domestic producer of uranium with assets accounting for over one-third of nation’s supply since 2006

Despite being the world’s largest consumer of uranium, the United States has almost zero capabilities in uranium mining, conversion or enrichment, forcing it to import the majority of its uranium and rare earth elements (REEs) from Russia and China. Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR), the leading U.S. producer of uranium, is leading the charge to reduce this major supply chain vulnerability, spurred by initiatives from the government to bring production back to the U.S. and to revitalize this segment of the domestic mining industry.

“America has become 100% dependent on uranium imports, with increasing quantities coming from Russia and its allies,” CEO Mark Chalmers explained during a…

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