The Mohave County Board of Supervisors has drafted a letter to the U.S. Interior Secretary urging it to end a uranium mining moratorium near the Grand Canyon.
According to a report by Knau Arizona Public Radio, the board says a 20-year Obama-era ban on new uranium mines near the Grand Canyon has caused billions in lost revenue.
The report said the ban encompasses a million acres, some of which is in Mohave County, Arizona.
“The supervisors want the Interior secretary to immediately begin the process of withdrawing the moratorium, which expires in 2032, the Knau report said.
Uranium resources in the so-called Arizona Strip account for about 40% of the reserves in the United States.
Among leading uranium stocks, Canada’s
Cameco Corp. (
TSX: T.CCO,
NYSE: CCJ,
Forum) rose 0.65% to $12.41.