Uranium Energy Corp (NYSE American: UEC) announced the launch of United States Uranium Refining & Conversion Corp.
The subsidiary aims to develop a state-of-the-art American uranium refining and conversion facility.
This initiative is a strategic move towards enhancing American nuclear fuel security and energy dominance.
Vertical Integration
UEC will be the only U.S. company with uranium mining, processing, refining, and conversion capabilities.
American Energy Dominance
Aligns with U.S. policy to expand nuclear capacity and reduce reliance on foreign sources of uranium.
UF6 Conversion Pricing
Current prices indicate an undersupplied market, creating demand for domestic conversion capacity.
- UR&C will establish a strong domestic supply chain for uranium refining and conversion, crucial for national security.
- The company's move aligns with U.S. government initiatives to increase domestic nuclear capacity and reduce dependence on foreign uranium sources.
The launch of UR&C marks a significant step towards securing America's nuclear fuel supply chain and strengthening energy security.