This uranium explorer reckons the US needs to focus on ‘pounds in the ground’ to rebuild its supply chain

This uranium explorer reckons the US needs to focus on ‘pounds in the ground’ to rebuild its supply chain

Pic: Dan Brownsword (Cultura) via Getty Images. share

It’s no secret that uranium is vital to the United States’ national security.

Last week a supressed investigation on the effects of imports of uranium on national security was released and basically confirmed that it’s a security risk for America to continue to rely on imports – and that a large increase is required for domestic uranium output.

While this is not new information, it’s solidified the outlook for the sector and has bolstered the confidence of uranium players on the ground like GTI Resources (ASX:GTI) with its Henry Mountains project in Utah.Executive director Bruce Lane says the issue going forward will be reinstating the supply chain in the States.“If you look at the supply chain clearly somebody’s got to explore for it, someone’s got to dig it up, somebody’s got to process it and turn it into yellowcake and then an enricher […]

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