Uranium is booming, and Canada must seize the bull by the horns

A worker steps off a mining winch during routine maintenance at the Energy Fuels Inc. uranium Pinyon Plain Mine on Jan. 31, near Tusayan, Ariz. David Morrison is the chief executive of Eight Capital, one of the largest independent investment banks in Canada.

Earlier this month, the U.S. Senate passed legislation to ban Russian uranium imports, and President Joe Biden signed off on it. The ban involves a phase-in period, until the end of 2027, to allow domestic production and supplies from allies to ramp up. Given that Russia supplied the U.S. with roughly a quarter of its uranium needs in 2022, this is no small task. According to U.S. officials , Washington is counting on Canada to step up and fill the gap. We have just three years to prepare – less if the Russians retaliate by pre-emptively restricting their exports. Our usual glacial pace will not cut […]

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