Industry Leader: Wyoming Uranium Industry on 'Its Death Bed'

A potential addition to President Donald Trump’s budget for the purchase of domestic uranium might not be enough to save Wyoming’s uranium mining operations, an industry leader said.

“The uranium market has been extremely depressed for a number of years,” said John Cash, Ur-Energy’s vice president of regulatory affairs. “So much so that is not profitable to sell into that market at this point.”

After speaking with White House adviser Larry Kudlow, Gov. Mark Gordon recently announced the president is slated to add $150 million to his budget for replenishing the nation’s military supply of uranium.

But Cash said even if the funds were approved, new uranium enrichment facilities would need to be built, which could take up to 10 years — precious time the industry might not have.

Read molre: https://cowboystatedaily.com/2020/02/13/industry-leader-wyoming-uranium-industry-on-its-death-bed/