NetworkNewsBreaks - Energy Fuels Inc. (NYSE Americ
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Posted On: 05/15/2020 5:20:50 PM
NetworkNewsBreaks - Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) CEO Voices Concerns on US Uranium Import Reliance
Energy Fuels (NYSE American: UUUU) (TSX: EFR) CEO Mark Chalmers recently voiced his concerns regarding the United States’ dependence on uranium imports during a corporate presentation (http://nnw.fm/SE2e8). An article further discussing the concerns reads, “‘Similarly, we are also dependent on imports of rare earth elements from China,’ he said, referring to China’s 90% control of global markets for rare earth elements (http://nnw.fm/9eSs0). . . . This dilemma has spurred several initiatives by the Trump administration, including the president issuing determinations that declare rare earth elements essential to national security, the U.S. Department of Interior declaring uranium and vanadium (another metal produced by Energy Fuels) critical to America’s security and economic prosperity, and the pursuit of $1.5 billion in funds to purchase uranium directly from domestic producers to create a strategic U.S. uranium reserve. In addition, the President’s Nuclear Fuel Working Group released its report on April 23, 2020, which represents the strongest commitment since the 1970s by the U.S. government to support domestic uranium miners.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Energy Fuels (NYSE American: UUUU) (TSX: EFR) CEO Mark Chalmers recently voiced his concerns regarding the United States’ dependence on uranium imports during a corporate presentation (http://nnw.fm/SE2e8). An article further discussing the concerns reads, “‘Similarly, we are also dependent on imports of rare earth elements from China,’ he said, referring to China’s 90% control of global markets for rare earth elements (http://nnw.fm/9eSs0). . . . This dilemma has spurred several initiatives by the Trump administration, including the president issuing determinations that declare rare earth elements essential to national security, the U.S. Department of Interior declaring uranium and vanadium (another metal produced by Energy Fuels) critical to America’s security and economic prosperity, and the pursuit of $1.5 billion in funds to purchase uranium directly from domestic producers to create a strategic U.S. uranium reserve. In addition, the President’s Nuclear Fuel Working Group released its report on April 23, 2020, which represents the strongest commitment since the 1970s by the U.S. government to support domestic uranium miners.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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