Archived Ur-Energy cuts costs after Trump declines to set uranium output quotas (reuters.com)
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Archived Ur-Energy cuts costs after Trump declines to set uranium output quotas (reuters.com)
submitted ago by thewebofslime
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[–] derram ago
https://archive.ph/irZ8q :
'(Reuters) - Uranium miner Ur-Energy Inc said on Tuesday it was forced to cut jobs and curb spending, following President Donald Trump’s decision last month to not set quotas for domestic production. '
'Petitions from Colorado-based Energy Fuels Inc and Ur-Energy had sought quotas requiring 25% of the U.S. uranium market be sourced domestically. '
'Trump declined to issue quotas for domestic uranium production in July and instead ordered a 90-day governmental review, saying he did not concur with a Commerce Department investigation that found uranium imports threaten to impair U.S. national security. '
'Trump had also ordered a deeper review by the U.S. Nuclear Fuel Working Group, with input from several government agencies. '
'Last week, Ur-Energy had cut its full-year production numbers for Lost Creek to between 50,000 pounds and 75,000 from its previous range of 75,000 and 100,000 pounds. '
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