Uranium Energy Corp, enCore Energy Awarded Supply Contracts For Strategic Uranium Reserve

The US National Nuclear Security Administration (NNSA) has awarded the final two contracts in relation to the establishment of a strategic uranium reserve for the country. Both enCore Energy Corp (TSXV: EU) as well as Uranium Energy Corp (NYSE: EUC) this morning revealed that they have officially been awarded contracts to supply the Department of Energy with uranium under previously made proposals.

The strategic uranium reserve is a new reserve established by the US government, as a result of increases in the price of uranium and the importance of uranium for domestic nuclear power plants. In establishing the reserve, the US Congress allotted funding to the tune of $75 million for the establishment of the reserve, with any uranium purchased required to have been provided by a vendor that has “produced uranium at a domestic uranium recovery facility at any time since 1 January 2009.”

The first request for proposal (RFP) […]

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.

Posting Guidelines
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!


No comments yet