Rick Mills Says Coming Uranium Shortage Makes Production Companies Interesting

Energy Investing

Mineweb reported an essay from Rick Mills who says the coming shortage of mined uranium is making companies with near-term production most interesting.

Mineweb reported an essay from Rick Mills who says the coming shortage of mined uranium is making companies with near-term production most interesting.

As quoted in the market news:

Under the terms of the 1993 government-to-government nuclear non-proliferation agreement (Megatons to Megawatts program), the United States and Russia agreed to commercially implement a 20 year program to convert 500 metric tons of HEU (uranium 235 enriched to 90 percent) taken from Soviet era warheads, into LEU, low enriched uranium (less than 5 percent uranium 235).

To date 463.5 metric tons of bomb-grade HEU have been recycled into 13,345 metric tons of LEU – enough material to produce fuel to power the entire United States for about two years.

Click here to read the full Mineweb report.

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