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Benzinga
Benzinga
Business
Henry Khederian

Energy Fuels Stock Soars As DOE Launches Domestic Nuclear Fuel Initiative

View,On,Cooling,Towers,Of,Nuclear,Power,Plant,Thermal,Power

The U.S. Department of Energy announced a pivotal new program to resurrect America’s nuclear fuel supply chain, a development that potentially places domestic uranium producer Energy Fuels Inc (AMEX:UUUU) in a favorable position.

What To Know: The DOE on Wednesday issued a Request for Application inviting qualified U.S. companies to build and operate nuclear fuel production lines. This initiative aims to eliminate U.S. reliance on foreign enriched uranium and fuel the nation’s advanced reactor development.

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