38 www.resourceworld.com
O C T O B E R / N O V E M B E R 2 0 1 8
[EFR-TSX, UUUU-NYSE AMERICAN] and
Ur-Energy Inc. [URE-TSX, URG-NYSE-
Market], because allegedly unfair trade
practices in state-subsidized foreign enti-
ties in Russia, China and their allies have
caused US production to drop to the point
that US national security is threatened
and that subsidized foreign competitors
have caused them to cut capacity and lay
off workers.
Ross said the probe would canvass
the entire US uranium sector from min-
ing through enrichment and defense and
industrial consumption. Uranium is used
in the US nuclear arsenal and powers the
Navy's nuclear aircraft carriers and sub-
marines, along with 99 US commercial
nuclear reactors that produce 20% of the
electricity consumed in the United States.
However, US production of uranium has
fallen to less than 5% of US consumption
needs; down from nearly 100% in 1980
and 49% in 1987.
"The Department of Commerce's
Bureau of Industry and Security will
conduct a thorough, fair, and transpar-
ent review to determine whether uranium
imports threaten to impair national secu-
rity," Ross said.
Energy Fuels is the largest uranium
producer in the US, supplying U
3
O
8
to
major nuclear utilities. The company holds
three of America's key uranium produc-
tion centres – the producing White Mesa
mill in Utah, the producing Nichols Ranch
ISR Facility in Wyoming, and the standby
Alta Mesa ISR Facility in Texas. The White
Mesa mill is the only conventional ura
-
nium and vanadium mill operating in the
US and has a licensed capacity of over 8
million pounds of U
3
O
8
per year. Nichols
Ranch and Alta Mesa have a combined
capacity of 3.5 million pounds of U
3
O
8
per
year.
Ur-Energy operates the Lost Creek
in-situ recovery uranium facility in south-
central Wyoming where it has produced,
packaged and shipped more than 2.4
million pounds since stating operations.
Applications are under review by vari-
ous agencies to incorporate the company's
LC East Project area into the Lost Creek
URANIUM
