Ur-Energy CEO John Cash commented on October 5, 2025, that global uranium miners are currently not keeping pace with demand, noting that it takes years from discovery to production to close this gap. This statement underscores a tightening market for uranium.
The domestic uranium industry is receiving significant bipartisan support from the U.S. government. In 2024, the Biden administration banned Russian uranium imports and allocated $2.7 billion in federal funding to expand domestic uranium enrichment and conversion capacity.
Further bolstering the industry, President Trump signed four executive orders in May 2025, aiming to accelerate the deployment of nuclear reactors and quadruple the nation's nuclear energy capacity from 100 GW in 2024 to 400 GW by 2050. These actions signal a strong commitment to domestic nuclear fuel production.
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