Uranium One mothballed the mine in the US due to low uranium prices

Canadian uranium mining corporation Uranium One announced the termination of production at the Willow Creek mine in the state of Wyoming in the United States, moving the facility into laid-up mode. It is noted that in 2017-2018, work on drilling new wells and equipping geotechnological landfills was not carried out because of low prices for uranium. Two uranium mining companies - UR-Energy and Energy Fuels - filed a petition with the US Department of Commerce to determine whether significant amounts of uranium imports are a threat to US national security. If, as a result of the investigation initiated by the US Department of Justice, it is determined that there is a risk of a security threat, the imposition of import restrictions may affect uranium sales by Uranium One in the US market.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong
Message: