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Energy Fuels Commends President Trump on his Decision to Reinvigorate the Nuclear Fuel Supply Chain and Looks Forward to Working with the Trump Administration to Support the U.S. Uranium Mining Industry; First Land Cleanup Contract Signed
Energy Fuels Commends President Trump on his Decision to Reinvigorate the Nuclear Fuel Sup...
About this update from Energy Fuels Inc.
[{"type":"text","content":"\n\n\n\nEnergy Fuels Commends President Trump on his Decision to Reinvigorate the Nuclear Fuel Supply Chain and Looks Forward to Working with the Trump Administration to Support the U.S. Uranium Mining Industry; First Land Cleanup Contract Signed\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nLAKEWOOD, CO, July 15, 2019\n\n\n\nLAKEWOOD, CO, July 15, 2019 /CNW/ - Energy Fuels Inc. (NYSE American: UUUU; TSX: EFR) (\"Energy Fuels\" or the \"Company\"), the largest uranium producer in the U.S., is pleased to announce that our petition, filed jointly with Ur-Energy Inc. under Section 232 of the Trade Expansion Act of 1962, has been very successful. It has demonstrated the national security risks to the U.S. from increasingly relying on imported uranium, particularly from countries that are strategic competitors, and that action needs to be taken. We are very pleased to have gained the attention and action of the Administration to address the energy and national security issues raised in the petition and Department of Commerce investigation, and with the President's response.\n\n \n \n\n \nIn his July 12th memorandum, titled \"Memorandum on the Effect of Uranium Imports on the National Security and Establishment of the United States Nuclear Fuel Working Group,\" President Trump not only acknowledged he has \"significant concerns regarding the impact of uranium imports on the national security with respect to domestic mining,\" but went further and concluded that \"a fuller analysis of national security considerations with respect to the entire nuclear fuel supply chain is necessary at this time.\" Rather than implementing a remedy aimed only at the domestic uranium mining industry, as we proposed in our petition, he established the United States Nuclear Fuel Working Group to study U.S. nuclear fuel production, including uranium mining, during the next 90 days, in order \"to develop recommendations for reviving and expanding domestic nuclear fuel production\" and to \"reinvigorate the entire nuclear fuel supply chain, consistent with United States natio...