The federal government could ramp up spending on domestically produced uranium, based on a recommendation from a working group created by President Donald Trump.
That recommendation has not been made public, but sources familiar with the report told Bloomberg News it directs the federal government to add new domestic uranium to its stockpile.
If the president acts on the suggestion, it could result in increased uranium mining in the United States. That news gave a bump to Energy Fuels’ stock price last week. The Canadian company owns assets in Utah, including a uranium mill in San Juan County...