Uranium Energy Corp UEC

Metals & Mining Industrial Metals & Minerals

Uranium Energy Corp. is a uranium mining company. It advances its In-Situ Recovery (ISR) mining uranium projects in the United States and conventional projects in Canada. It offers two production ready ISR hub and spoke platforms in South Texas and Wyoming. These two production platforms are anchored by operational central processing plants and served by seven U.S. ISR uranium projects. Additionally, it has diversified uranium holdings, including uranium portfolios of North American warehoused U3O8; an equity stake in Uranium Royalty Corp., and a Western Hemisphere pipeline of resource stage uranium projects. The Texas Hub and Spoke Project includes Hobson Central Processing Plant (CPP), Burke Hollow, Goliad, Palangana, and Salvo. The Wyoming Asset Hub and Spoke In-Situ Recovery Project includes Christensen Ranch and Irigaray (Willow Creek), Moore Ranch, Ludeman, Allemand-Ross, and others. It also owns Sweetwater Plant, Red Desert Uranium Project and Green Mountain Uranium Project.

NYSEAM:UEC - Post by User

Uranium Energy Corp > ⚠️Yesterday the Office of the US Trade Representative (USTR)

<< Previous

Bullboard Posts

Next >>

Post by mangoeon Sep 19, 2024 10:58pm

124 Views

Post# 36232404

⚠️Yesterday the Office of the US Trade Representative (USTR)

John Quakes

@quakes99 -

Yesterday the Office of the US Trade Representative (USTR) posted on the Federal Register a Notice outlining changes to US Section 301 tariffs on certain products imported from #China, including #Uranium. The changes stem from a Four-Year Review by USTR and by direction from President Biden. As of next Friday, 27 September, Critical Minerals from China, including Uranium, that enter the US for consumption, or are withdrawn from a warehouse for consumption, will be subject to a 25% tariff under subsection 2844.42.00. I'm advised that the 25% tariff on Chinese imports is expected to apply to all forms of #Uranium imported from China including enriched Uranium (EUP) which was previously subject to a 7.5% tariff.

The higher 25% import tariff to be paid by US Nuclear utility recipients of Chinese Uranium is expected to help curtail US utility purchases of Chinese EUP that undermine DOE's efforts to boost US domestic production under the new US ban on Russian imports that went into effect on 11 August.

Also, I understand that the Uranium Producers of America are meeting with the US Department of Commerce next week to be updated on the annual import quotas being enforced by Commerce on Russian imports vis-a-vis waivers issued by DOE. I will share with U any info that comes my way. Cheers!