MegaWatt Metals Comments on US Ban of Russian Uranium Imports & Forecast of Increased Uranium Production from Canada

Imports from Moscow will cease 90 days after bill is enacted

Uranium prices held steady around increases gained during late 2023 rally

Canada major contributor to projected 11%+ growth in uranium production in 2024‎

Vancouver, British Columbia, May 24, 2024 (GLOBE NEWSWIRE) — MegaWatt Lithium and Battery Metals Corp. (CSE:MEGA) (FSE: WR20) (OTCQB: WALRF) (the " Company ", " MegaWatt Metals " or “ MegaWatt ”) provides additional commentary on America’s May 14, 2024 ban on Russian imports of enriched uranium, the primary fuel used in nuclear power plants. The bipartisan bill will ban uranium imports from Moscow beginning 90 days after its enactment. Despite the pending need for America to shift its uranium supply, uranium prices continued to hold the increases gained during the late 2023 rally, possibly due to the forecast that global uranium production will grow by over 11% in 2024, with most of that increase […]

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