Ur-Energy Inc. (NYSE American:URG) (TSX:URE) (“Ur-Energy”) is pleased to announce that the United States Nuclear Fuel Working Group (“NFWG”) established by President Trump released its report today detailing the steps required to revitalize the domestic uranium mining and broader nuclear industries.
In January 2018, the two legitimate remaining U.S. domestic uranium producers, Ur-Energy USA Inc. and Energy Fuels Resources (USA) Inc., filed a Section 232 Petition with the Department of Commerce seeking an investigation into the impact of uranium imports on national security. As a direct result of the ensuing investigation, in July 2019, President Trump took action to establish the NFWG to “examine the current state of domestic nuclear fuel production to reinvigorate the entire nuclear fuel supply chain. . ..” The most relevant recommendations in the report for the uranium mining sector are:
