1/8 $UUUU #Uranium
Notable acquisition of a strategic US uranium project in Utah by ASX-listed $TIN just miles north of Energy Fuel's White Mesa Mill ($TIN +200% overnight). Bullish for UUUU, though buried in the release - i.e., not being picked up by US market/investors.
Notable acquisition of a strategic US uranium project in Utah by ASX-listed $TIN just miles north of Energy Fuel's White Mesa Mill ($TIN +200% overnight). Bullish for UUUU, though buried in the release - i.e., not being picked up by US market/investors.
2/8 "White Mesa Mill, the only conventional, fully permitted operating mill in the US8, located 50km
to the south of the East Canyon Project via major highway adjacent to project"
"US Government recently announced multi-year commitment to support domestic uranium
production"
to the south of the East Canyon Project via major highway adjacent to project"
"US Government recently announced multi-year commitment to support domestic uranium
production"
3/8 "Energy Fuels’ White Mesa mill, the only fully licensed and fully operating conventional uranium/vanadium mill in the United States, is located within trucking distance (50km) of the East Canyon Project along major highway 191. It has historically been the largest producer...
4/8 of uranium in the United States and a major producer of high purity vanadium. Energy Fuels has historically accepted toll milling agreements as well as purchase programs for processing ores from third party mines
5/8 "US Government Support:
Over the past 12 months, the Trump Administration has demonstrated a strong desire to reinvigorate the domestic uranium industry in the interests of reducing the nation’s reliance on imported uranium and challenging the expansion of nuclear power...
Over the past 12 months, the Trump Administration has demonstrated a strong desire to reinvigorate the domestic uranium industry in the interests of reducing the nation’s reliance on imported uranium and challenging the expansion of nuclear power...
6/8 development by Russian and Chinese companies. In July 2019, the Nuclear Fuel Working Group was established to advise on a strategy for returning the US to nuclear leadership. This was followed in February with an announcement proposing the creation of a US$1.5B uranium...
7/8 reserve through 10 years of purchasing US$150 million a year of domestic uranium production (approximately 3.75 million pounds a year at current prices)."
