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Uranium Energy restarts uranium production at Wyoming
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Uranium Energy restarts uranium production at Wyoming
Aug 13, 2024 5:01 AM

Aug 13 (Reuters) - Uranium Energy ( UEC ) said on

Tuesday it has restarted uranium production at its Christensen

Ranch operations in Wyoming, with shipments expected in November

or December.

Uranium is the most widely used fuel for nuclear energy.

With a global push for clean energy, nuclear generation could

roughly double by 2050, and so should supply, according to the

International Energy Agency.

With a rebound in uranium prices, miners are planning to

restart defunct mines to boost the domestic supply for the

nuclear reactor fuel at a time when the country gets most of its

fuel from Russia.

"U.S. production has been virtually non-existent for many

years ... This situation is changing by way of successive and

unprecedented bipartisan U.S. government programs designed to

stimulate growth of domestic uranium production as the

foundation of a robust nuclear fuel supply chain," said Uranium

Energy's ( UEC ) CEO Amir Adnani.

The recovered uranium from the Christensen Ranch will be

processed at the Irigaray Central Processing Plant, which is

under regulatory review to increase capacity to 4 million pounds

of triuranium octoxide - a uranium compound - from 2.5 million

pounds, the company said.

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