UUUU - Uranium Edges Higher- An Update On Energy Fuels Inc.

Uranium is a heavy metal that is a nuclear fuel that generates electricity in nuclear power plants. The metal is an abundant source of concentrated energy. It is radioactive in high doses and can be processed into weapons-grade for nuclear weapons. Uranium futures trade on the NYMEX division of the Chicago Mercantile Exchange. The contract calls for 250 pounds of U308, which is an impure mixture of uranium obtained during uranium ore processing. Kazakhstan, Canada, and Australia produce over 70% of the world’s uranium each year.

Source: Major uranium producing countries in 2019 - Eniscuola