Rick Mills Says Coming Uranium Shortage Makes Production Companies 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.