Yellowcat, page-15

Reckon getting Yellow Cat up and running with local tolling pretty easy- local producer getting their product from outside Utah… we’re just down the road!

https://www.deseret.com/utah/2024/05/01/uranium-mining-russia-utah/
According to the Utah Division of Oil, Gas and Mining, no uranium was mined in Utah in 2022. Active uranium mining in the state had been suspended since 2012, despite several established uranium resources and existing mining permits.

This is a situation that exists despite Utah being home to the only operating uranium processing facility in the United States, the White Mesa Mill in San Juan County.

Overall, this is how foreign imports of uranium break down for the United States:

• Canada, 27%.
• Kazakhstan, 25%.
• Russia, 12%.
• Uzbekistan, 11%.
• Australia, 9%.
• Six other countries combined, 16%.

Brian Somers, president of the Utah Mining Association and the National Mining Association, says the move to ban Russian imports of uranium to the United States makes sense from a financial standpoint and a geopolitical position.

While the price of uranium has risen, mining practices in Russia and its allies artificially impacts the market so the United States cannot compete when it comes to profit. Those countries do not have the same sort of permitting processes, or environmental regulations, so it is cheaper. Much cheaper, Somers said.

“So it’s been really difficult for our folks compete with with Russian uranium,” Somers said. “It is sort of artificially keeping our domestic industry down.”