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Uranium, Uranium Mining, Uranium Stocks

US Uranium Production


 

 America - the Next Uranium Giant
  • United States has 104 nuclear reactors generating more than 100 million megawatts of electricity each, or approximately 20% of the nation’s energy supply
  • These plants are using approximately 55 million pounds of U3O8 annually
  • The US is by far the largest consumer of uranium in the world
  • In 2006, there was only 4.1 million pounds of uranium production in the US
  • Close to 95% of US annual uranium demand is met through foreign supplies and secondary sources
  • Renewed call for ‘Security of Supply’ of uranium in United States with increasing importance of nuclear power in national energy policy
  • Re-emerging domestic support for nuclear power in the US, and a pricing environment that allows for profitable extraction
  • Despite low levels of production of uranium at present, significant uranium exploration was performed in the US between 1960 and 1985
  • Political stability of the US an attraction to investors and miners
  • Emergence of 9 new nuclear power plant permit applications in the past year in the United States
  • Recent adoption of nuclear energy by several sovereign nations around the world as a major source of electricity
  • 75 permit applications for nuclear power plants in 3 Asian nations alone: China, India and Russia