is a leading uranium and rare earth elements mining company committed to providing sustainable energy solutions. The company focuses on the extraction and production of uranium, primarily for the nuclear power industry, while also exploring opportunities in the extraction of rare earth elements, which are vital for advanced technologies and renewable energy applications. With operations and projects located primarily in the United States, Energy Fuels aims to support the transition to clean energy through its environmentally conscious mining practices and commitment to minimizing its carbon footprint.
The non-ferrous mining industry looks bleak as weak demand in China has weighed on metal prices. However, the demand for non-ferrous metals is expected to be supported by the energy-transition trend. Thus, it may be wise to consider these stocks.
It's not often that legislation receives strong bipartisan support and is signed into law, but that's exactly what just happened as Congress seeks to spur nuclear power growth.
Uranium producers including Cameco and Denison Mines are surging Friday following news that the U.S. government will ask companies to bid next month on contracts for as much as $3.4B of domestically produced nuclear reactor fuel.
