Colorado-based Energy Fuels and Australia-based Peninsula Energy have secured contracts to supply uranium concentrates produced in the US to the US Department of Energy (DOE) in support of the country’s US$75m (€70m) uranium reserve established in 2020.
Energy Fuels said it had been awarded a contract to sell $18.5m of natural uranium concentrates (U3O8) to the US government for the establishment of the uranium reserve.
Energy Fuels owns uranium facilities in Utah, Wyoming and Texas. Among them are the White Mesa uranium mill in Utah – the US’s only operating conventional uranium mill – and the Nichols Ranch in-situ leach project in Wyoming
Peninsula Energy, which owns the Lance uranium projects in Wyoming, did not give a value for its contract, but confirmed its wholly-owned subsidiary Strata Energy will supply 300,000 pounds of U3O8 currently held in the US.
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