NetworkNewsBreaks – Energy Fuels Inc. (NYSE Amer
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Posted On: 12/22/2020 3:16:53 PM
NetworkNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Applauds Bipartisan Appropriation of Funds for US Uranium Reserve
Energy Fuels (NYSE American: UUUU) (TSX: EFR), the largest uranium miner in the U.S., applauds the bipartisan, bicameral launch of the U.S. uranium reserve, as $75 million of funding was included in the omnibus appropriation bill. The bill, passed last night by both houses of Congress, is expected to be sent to the President for signature in the coming days. One of the main recommendations of the U.S. Nuclear Fuel Working Group, directed to make recommendations on securing the domestic capacity to produce uranium and nuclear fuel, was to appropriate funding for a U.S. uranium reserve. This key funding opens the door for the U.S. government to purchase domestically-produced uranium to guard against potential commercial and national security risks presented by the country’s near-total reliance on foreign imports of uranium. “Energy Fuels extends our gratitude to Congress and the Administration for working together on a bipartisan basis to appropriate these funds in 2021 for the creation of a U.S. uranium reserve,” said Mark S. Chalmers, president and CEO of Energy Fuels. “We are extremely pleased to see members on both sides of the aisle support a healthy domestic uranium industry so America cannot be held hostage by foreign adversaries like Russia for the fuel needed to generate clean, carbon-free nuclear energy. This funding also has the potential to create good-paying jobs and economic opportunity for under-served areas of Wyoming, Texas and Utah. We wish to extend a particular thank you to Wyoming Senator John Barrasso, a tireless champion for the U.S. uranium industry and a true advocate for ending America’s dependence on foreign adversaries for the critical minerals we need today.”
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), the largest uranium miner in the U.S., applauds the bipartisan, bicameral launch of the U.S. uranium reserve, as $75 million of funding was included in the omnibus appropriation bill. The bill, passed last night by both houses of Congress, is expected to be sent to the President for signature in the coming days. One of the main recommendations of the U.S. Nuclear Fuel Working Group, directed to make recommendations on securing the domestic capacity to produce uranium and nuclear fuel, was to appropriate funding for a U.S. uranium reserve. This key funding opens the door for the U.S. government to purchase domestically-produced uranium to guard against potential commercial and national security risks presented by the country’s near-total reliance on foreign imports of uranium. “Energy Fuels extends our gratitude to Congress and the Administration for working together on a bipartisan basis to appropriate these funds in 2021 for the creation of a U.S. uranium reserve,” said Mark S. Chalmers, president and CEO of Energy Fuels. “We are extremely pleased to see members on both sides of the aisle support a healthy domestic uranium industry so America cannot be held hostage by foreign adversaries like Russia for the fuel needed to generate clean, carbon-free nuclear energy. This funding also has the potential to create good-paying jobs and economic opportunity for under-served areas of Wyoming, Texas and Utah. We wish to extend a particular thank you to Wyoming Senator John Barrasso, a tireless champion for the U.S. uranium industry and a true advocate for ending America’s dependence on foreign adversaries for the critical minerals we need today.”
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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