FCUUF - Energy Fuels pops as spending deal funds U.S. uranium reserve

Energy Fuels ([[UUUU]] +6.1%) rallies to a 52-week high after the U.S. government funding deal passed last night by both houses of Congress provides $75M  to begin a national uranium reserve sought by the White House as way to help domestic uranium producers.The bill calls for establishing the reserve, "including the purchase, conversion, and sale of uranium; a 10-year implementation plan of the activities for establishment and operations of a uranium reserve; and a 10-year cost estimate.""Any funds used through a Department of Energy program to purchase uranium from the White Mesa Mill can have a 'multiplier effect', by not only supporting the domestic uranium mining industry, but also by advancing other important clean energy priorities, including rare earth production," says Energy Fuels President and CEO Mark Chalmers.The company's White Mesa Mill in Utah is the only conventional uranium mill operating in the U.S. today.Other uranium producers trade mixed: [[CCJ]] +0.4%,

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Energy Fuels pops as spending deal funds U.S. uranium reserve