Categories: Energy / General Market Commentary
Topics: General Energy / General Market Commentary

Energy Fuels CEO: The U.S. Is Producing Less Than 1% of its Uranium & That Should Shock People

While concerns surrounding uranium mining near the Grand Canyon have garnered national media attention, one producer is petitioning the government saying it is essential to avoid a national security threat.

Mark Chalmers, chief executive officer of Energy Fuels Resources is the company looking to produce uranium on this contested land near the Grand Canyon. The company is petitioning the U.S. government that it buy its uranium exclusively from domestic sources, and set a quote guaranteeing U.S. companies 25% of the market.