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Biden Budget Skips Funding Uranium Reserve Sought By Miners

May 28, 2021, 6:21 PM

The Biden administration is not seeking funding for a national uranium reserve created under former President Trump, according to budget documents released by the White House on Friday.

  • Initiative was seen as way to help bolster U.S. uranium producers, including Energy Fuels Inc., Ur-Energy Inc. and Cameco Corp.
  • Congress dedicated $75 million to begin the uranium reserve in December

To contact the reporters on this story:
Jennifer A. Dlouhy in Washington at jdlouhy1@bloomberg.net;
Ari Natter in Washington at anatter5@bloomberg.net

To contact the editors responsible for this story:
Jon Morgan at jmorgan97@bloomberg.net

Jennifer A. Dlouhy, Kasia Klimasinska

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