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.