The Conversation (0)
Rick Mills Says Coming Uranium Shortage Makes Production Companies Interesting
Oct. 26, 2012 11:16AM PST
Energy InvestingMineweb 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.