Uranium Energy Corp. UEC

Energy

Uranium Energy Corp. (UEC: NYSE American) is an independent U.S. uranium mining company. UEC controls 104M lbs. of qualified resources and a fully permitted uranium processing plant in South Texas. The Company has a potential production profile of 4 million pounds of U.S.-origin U3O8 per year with room to expand. Chairman is former U.S. Energy Secretary, Spencer Abraham.

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Uranium Energy Corp.

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Post by mangoeon Aug 10, 2024 1:53pm

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Post# 36172876

📝Further... keep in mind that the law prohibiting US import

John Quakes

@quakes99 -

Further... keep in mind that the law prohibiting US imports of Russian enriched #Uranium also prohibits the use of intermediary suppliers like China to circumvent the ban. A big tariff on Chinese imports would just be an added level of protection against attempts to get around the Russian ban. DOE's Waiver Guidance makes it clear they could block ALL LEU imports that come from a supplier that's suspected of being involved in efforts to circumvent the ban.

As the law hasn't yet come into full effect, it wasn't applied to scrutinize past imports of LEU from China. Starting Monday, imports from China will begin to be scrutinized according to the new law. US Nuclear utility fuel buyers have already been warned. Cheers!