UEC wins $17.85m award from Department of Energy to supply uranium concentrates. uranium
Uranium Energy Corp. has been awarded by the US Department of Energy – National Nuclear Security Administration to supply 300,000 pounds of uranium concentrates at $59.50/lb. for a total of $17.85 million. The award is in response to the NNSA’s request for proposals to establish its strategic national Uranium Reserve program.
“We are honoured and delighted to be selected as a domestic producer for this purchase of uranium concentrates by the NNSA and look forward to the further expansion of the Uranium Reserve program in the coming years,” Amir Adnani, president and CEO of UEC, commented in a news release. “The US overdependence on these imports creates untenable energy and national security risks that need immediate high-priority attention from industry and the federal government,” Adnani said.
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