The US is one step closer to funding and implementing a uranium reserve after the Senate committee on appropriations this week released drafts of 2021 funding measures and subcommittee allocations that include $150m for the project.
If passed into law, it would provide full funding for the Department of Energy to begin the funding required to stimulate growth in the domestic uranium mining industry.
The US has the world's largest reactor fleet of 94 commercial nuclear reactors producing about 20% of its electricity, yet its uranium mining industry is struggling. Production has been on a steady decline since the early 1980s as nuclear power plant operators replaced domestic uranium production with less expensive imports.
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