Uranium firms revive forgotten mines as price of nuclear fuel soars

Barrels stored at the Energy Fuels White Mesa Mill uranium production facility in Utah. (Image: Bloomberg)

Fri, 08 Mar 2024

By Jacob Lorinc and Maria Clara Cobo(Bloomberg) – Across the United States and allied countries, owners of left-for-dead uranium mines are restarting operations to capitalise on rising demand for the nuclear fuel.At least five US producers are reviving mines in states including Wyoming, Texas, Arizona and Utah, where production flourished until governments soured on the radioactive element after the 2011 Fukushima nuclear disaster in Japan.Most of those American mines were idled in the aftermath of Fukushima when uranium prices crashed, a...

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