Uranium Firms Revive Forgotten Mines as Price of Nuclear Fuel Soars

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Across the US and allied countries, owners of left-for-dead uranium mines are restarting operations to capitalize on rising demand for the nuclear fuel.

Bloomberg News

Jacob Lorinc and Maria Clara Cobo

Published Mar 03, 2024 • 3 minute read

Barrels stored at the Energy Fuels White Mesa Mill uranium production facility in Utah. Photo by Kim Raff /Photographer: Kim Raff/Bloomberg

(Bloomberg) — Across the US and allied countries, owners of left-for-dead uranium mines are restarting operations to capitalize on rising demand for the nuclear fuel.

At least five US producers are reviving mines in states including Wyoming, Texas, Arizona and Utah, where production flourished until governments soured on the radioactive element following the 2011 Fukushima nuclear disaster in Japan.

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Bloomberg News

2024-03-03 09:49:51

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