Uranium miners surge on $500 million US enrichment push

By Mark Burton – Mining.com

Shares in uranium miners jumped globally after the US said it’s soliciting bids to boost domestic production of nuclear fuel in an effort to bolster national energy security.

The Energy Department is requesting proposals from US companies to produce a type of fuel known as high-assay low-enriched uranium, or HALEU, it said Tuesday. It plans to invest as much as $500 million in the projects and other ventures to convert HALEU into chemical precursors for nuclear fuels.