"This initiative is part of a larger strategy to reduce dependence on Russian imports, which currently supply about a quarter of the reactor fuel used in the US. A significant portion of this funding, $2.7 billion, is allocated to restart domestic nuclear fuel production by purchasing low-enriched uranium (LEU) directly. This move follows President Joe Biden’s recent ban on enriched uranium imports from Russia."
SLX Price at posting:
$6.59 Sentiment: Buy Disclosure: Held
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