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Nuclear power is enjoying a renewed push thanks to its ability to provide climate-friendly, stable, baseload power. Credit: Abobe/TTstudio
Doing so would unlock federal funding and accelerate permitting for uranium projects in the US, where uranium production has been growing slightly since the uranium oxide spot price hit $106 per lb. early last year. Companies such as Energy Fuels , Uranium Energy and Cameco could benefit. And even though Trump has pledged to place 25% import tariffs on Mexico and Canada, 27% of US purchases of uranium came from the Great White North in 2022. Another 57% of UThe US has tried to wean itself off Russian uranium, after the Biden administration banned uranium imports under its Prohibiting Russian Uranium Imports Act. Russia responded last November with its own restrictions on uranium exports to the US though with exceptions for deliveries on one-time licences.
Political tensions aside, innovation and momentum in the nuclear industry continue apace in North America.
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