Federal nuclear fuel group calls for creation of domestic uranium reserve
The U.S. Department of Energy released a report calling for the creation of a domestic uranium reserve, a move that could resurrect parts of Wyoming’s ailing uranium mining industry.In the report, the Nuclear Fuel Working Group outlined ways the country could strengthen its nuclear fuel cycle capabilities and national security, including reviving domestic uranium production.
In the Trump administration’s recent budget request, the U.S. Department of Energy asked for $150 million in fiscal year 2021 to build a uranium reserve fund and boost demand for the mineral. If approved, the $150 million reserve fund could start production back up at two uranium mines in the country, according to the Department of Energy. The group also recommended allowing the Nuclear Regulatory Commission to block some uranium imports from Russia and China.
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