RE:EFR and URE mentioned around the 9.5 minute markThis is exactly what Trump was castigating Germany for yesterday. Their reliance on Russia to continue to supply them with NG.
The company noted, "The Petition describes how uranium and nuclear fuel from state-owned and state-subsidized enterprises in Russia, Kazakhstan, Uzbekistan, and China potentially represent a threat to U.S. national security." The point of the petition is to allow for the increase of uranium production in the U.S., which is the largest consumer of uranium in the world. Less than 3% of the uranium consumed in the U.S. is produced domestically. "The Petition seeks a remedy which will set a quota to limit imports of uranium into the U.S., effectively reserving 25% of the U.S. nuclear market for U.S. uranium production." The petition also requests "implementation of a requirement for U.S. federal utilities and agencies to buy U.S. uranium in accordance with the President's Buy American Policy."