Since the Senate unanimously passed the Prohibiting Russian Uranium Imports Act and President Joe Biden signed it into law in May, at least five shuttered uranium mines across four U.S. states have been reactivated in response to accelerating global demand for nuclear-powered electricity.
The latest reopening was Uranium Energy Corp. (UEC), which announced on Aug. 13 it has re-started production at its Christensen Ranch in-situ recovery operation in Wyoming’s Powder River Basin, with plans to begin shipping yellowcake—milled uranium oxide—from its nearby Irigaray Central Processing Plant by December.
Noting that 94 nuclear reactors operating in 55 power plants currently generate 20 percent of the nation’s electricity, UEC president and CEO Amir Adnani said the reopened mine and processing mill is an investment in reinvigorating a domestic industry that is vital to economic stability and national security.
“U.S. production has been virtually non-existent for many years, suffering from price insensitive imports via foreign state-owned enterprises that undermined domestic mining and investment,” he said, citing the bill and other actions as keys in re-establishing “the foundation of a robust nuclear fuel supply chain” in the United States. […]
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