Uranium Explorers Call For Lifting Mining Ban In Western Australia, Target $1B In Exports

Zinger Key Points Uranium explorers urge Western Australia to lift the mining ban, tapping into rising global demand and high uranium prices.

Lifting the ban could unlock $1 billion annually, create 9,000 jobs, and capitalize on Australia’s vast uranium reserves.

Uranium explorers are calling on Western Australian authorities to lift the ban on uranium mining to capitalize on rising global demand and prices. Australia holds nearly a third of the world’s known uranium reserves, yet only two out of its eight states and territories, South Australia and the Northern Territory, permit mining .

Uranium prices have surged, driven by the global shift toward nuclear energy as part of the energy transition. This rise in demand is essential for meeting decarbonization goals, with many countries planning to increase their nuclear energy capacity significantly.Still, Australia has only two operating projects, producing a fraction of its capabilities and potentially missing export opportunities."The bans […]

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