2 months ago
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GlobalData
Thu, Apr 3, 2025, 7:37 AM 2 min read
US uranium ore accumulation reached a six-year precocious successful 2024, surpassing levels not seen since 2018, according to the US Energy Information Administration’s (EIA) quarterly Domestic Uranium Production Report.
This surge was chiefly driven by 2 in-situ betterment facilities successful Texas and Wyoming, alongside the White Mesa Mill successful Utah, the lone operational uranium mill successful the US.
Energy Fuels' White Mesa Mill is susceptible of producing not lone uranium but besides uncommon world minerals and vanadium. The company's caller yearly fiscal disclosure indicates a strategical absorption connected uranium accumulation for 2025.
In the 4th fourth of 2024 (Q4 2024), uranium ore accumulation successful the US reached a full of 375,401lb, much than three-times the accumulation of 121,296lb recorded successful Q3.
This uranium output was generated astatine 7 facilities: 4 successful Wyoming, including the Nichols Ranch ISR Project, Lost Creek Project, Ross CPP and Smith Ranch-Highland Operation; 2 successful Texas, including the Alta Mesa Project and Rosita; and 1 successful Utah, the White Mesa Mill.
Uranium ore is simply a cardinal worldly for atomic reactors and definite aesculapian applications.
The accrued request for energy successful the US, fuelled by information centres, section manufacturing and the electrification of transport and buildings, has reignited involvement successful atomic energy.
Efforts are nether mode to restart 2 wholly shut-down atomic reactors, including 1 astatine the historical Three Mile Island site, reported Reuters.
In response, the national authorities has awarded contracts to six companies for the accumulation of uranium fuel.
In contrast, the US uranium marketplace is slowing arsenic atomic powerfulness companies postpone purchases and caller contracts amid President Trump's tariff threats.
"US uranium ore accumulation successful 2024 reaches highest levels since 2018" was primitively created and published by Mining Technology, a GlobalData owned brand.
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