Business
Laramide Applauds U.S. Administration Policy to Restore and Revitalize American Nuclear Energy Leadership
Laramide Applauds U.S. Administration Policy to Restore and Revitalize American Nuclear En...
About this update from Laramide Resources Ltd.
[{"type":"text","content":"\n\n\n\nLaramide Applauds U.S. Administration Policy to Restore and Revitalize American Nuclear Energy Leadership\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\nTORONTO, May 1, 2020\n\n\n\nListed (TSX:LAM; ASX:LAM)\n TORONTO, May 1, 2020 /CNW/ - Laramide notes that on April 23, 2020, the U.S Department of Energy (DOE) released a report entitled \"Restoring America's Competitive Nuclear Energy Advantage – A strategy to assure U.S. National Security.\" This Report was prepared in response to an initial industry call for action that commenced in early 2018 with a Section 232 Commerce Department application, and resulted the following summer (July 2019) in President Trump establishing the U.S. Nuclear Fuel Working Group (NFWG) to \"examine the current state of domestic nuclear fuel production to reinvigorate the entire nuclear fuel supply chain.\"  \nThe DOE report is the culmination of that examination and includes recommendations with respect to every aspect of American nuclear energy policy, but the most relevant points pertaining to the U.S uranium mining industry include: \nU.S. government purchases of 17-19 million pounds of U3O8, beginning in 2020 from domestic producers based on a competitive bidding process; Streamline regulatory reform and land access for uranium extraction; Fund advanced water treatment technology for uranium mining and in situ recovery; Support Department of Commerce efforts to extend the Russian Suspension Agreement to protect against future uranium dumping in the U.S. market; DOE will end the uranium bartering program and reevaluate DOE's Excess Uranium Inventory Management Policy.In Laramide's news release of March 27, 2020, the Company had previously commented on the possibility of constructive policy developments specific to Laramide's U.S. domiciled assets, and the strong public position now taken by the U.S. Administration is welcomed and applauded. Laramide has been a long-standing member of a small industry trade group called The Uranium Producers of America (UPA) and we thank them for their hard work...