Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum Uranium Energy Corp UEC

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... see more

NYSEAM:UEC - Post Discussion

Uranium Energy Corp > ⚡Today the new law 'H.R.1042 - Prohibiting Russian #Uranium
View:
Post by mangoe on Aug 12, 2024 12:18pm

⚡Today the new law 'H.R.1042 - Prohibiting Russian #Uranium

John Quakes
@quakes99 -



Today the new law 'H.R.1042 - Prohibiting Russian #Uranium Imports Act' takes effect as US customs agents begin blocking shipments of low-enriched Uranium (LEU) into the US from all Russian entities, as well as from any other LEU supplier known to be a recipient of Russian LEU that may have been swapped or exchanged for Russian LEU in an attempt to circumvent the imports ban.

The imports ban affects both US Nuclear reactor fuel buyers and those of allied nations who have ordered Russian LEU to be shipped into the US for fabrication into fuel assemblies at US factories.


Waivers may be granted for incoming shipments up until 31 December 2027 after which no further waivers will be granted, resulting in a complete 100% ban on all Russian LEU from 2028 to 2040.


To date, only 1 waiver is known to have been issued. It is a partial waiver to Centrus Energy
$LEU allowing some imports into the US from Russia for orders already placed for delivery up until 31 December 2026. No other waivers have been made public so far.

A whole new era begins today that, over the next 3 years, will eliminate all US dependence on Russian LEU to fuel US Nuclear reactors by 2028, which has previously been providing up to 25% of US Nuclear fuel needs.

To further support that transition, the US Department of Energy has issued a $3.4 Billion Request for Proposals to directly purchase US-made LEU that has been converted & enriched inside the US using mined U3O8 supplied by miners in the US & allied partner nations.
 
 

Image


Image

Image
Comment by CLOUDER on Aug 12, 2024 12:58pm
NOW ...the uranium price ,.....TAKES OFF.....   TAKES  OFF.....TAKE......
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities