FCUUF - Biden budget omits uranium reserve funding miners plunge

Uranium miners fall sharply after President Biden's proposed budget released today does not seek funding for a national uranium reserve created under former President Trump.[[DNN]] -7.6%, [[UUUU]] -6.9%, [[UEC]] -4.7%, [[URG]] -4.7%, [[CCJ]] -3.5%, [[NXE]] -2.3%, [[FCUUF]] -0.4%.ETF: [[URA]], [[URNM]]Energy Fuels' White Mesa Mill in Utah is the only conventional uranium mill operating in the U.S. today.Seen as a way to help domestic uranium production, the U.S. Congress dedicated $75M in December to begin the uranium reserve.

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Biden budget omits uranium reserve funding, miners plunge