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Mar 3, 2020

U.S. Policy Coming Right for Uranium

Policy Makers Forced to Recognize Importance of Diversified Energy Sources

The decision by U.S. president Donald Trump to create a $150 million uranium reserve will provide a much-needed boost to the industry which is in a nine-year bear market, Amir Adnani, president and CEO of UEC told Kitco News at the PDAC conference in Toronto.

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Hobson Processing Plant

Hobson Processing Plant

Here is a recent evening photo of the Company’s Hobson centralized processing plant in Karnes County, Texas, approximately 100 miles northwest of Corpus Christi. The plant is ready today to process the uranium-laded resins from Palangana as these are produced starting in the fourth quarter of this year. Installed processing capacity is 2.5 million lbs. of U3O8 per year. This same facility will process resins from Goliad, and potentially Nichols and Salvo, as these projects begin operations.