US Senate committee approves Bill for uranium reserve
Friday, December 4th, 2020
EPW Senate committee chairperson Senator John Barrasso stated on Thursday that the American Nuclear Infrastructure Act would promote US international leadership, preserve America’s nuclear fuel supply chain, prevent more carbon emissions from entering the atmosphere, and protect economic, energy and national security.
“The bipartisan Nuclear Infrastructure Act is broad reaching legislation, important for supporting the US nuclear fuel industry, national security and clean energy. The legislation will provide a clear path for implementation of the US uranium reserve and provide a strong platform to revitalise the US uranium industry,” commented uranium exploration and developer Uranium Energy Corp (UEC) CEO and president Amir Adnani.
UEC owns fully licensed and low-cost in-situ recovery projects in Texas and Wyoming.
Among other provisions, under the Act, the US Department of Energy may only acquire uranium recovered from facilities that are licensed by the Nuclear Regulatory Commission or agreed equivalent State agencies as of the date of enactment. Uranium from companies owned, controlled or subject to jurisdictions in the Russian Federation or the People’s Republic of China are excluded from participating in the uranium reserve programme.