U.S. uranium production increased throughout 2024, with more growth planned in 2025. The producers who can make that happen, however, were burned before by a “renaissance” that didn’t take off. Now they are watching and waiting for signals from Washington, D.C., including the impacts of tariffs, shifting relationships with global uranium producers, and funding for the enrichment task orders designed to boost demand for U.S. uranium.

The Senate Appropriations Committee last week released all 12 fiscal year 2021 appropriation measures and subcommittee allocations, including an Energy and Water Development bill that provides $150 million for establishing a U.S. uranium reserve, the same amount requested by the Trump administration in its February budget estimate.

The committee’s Republican majority decided to bypass the usual markup and full Senate consideration of the bills and instead proceed directly to negotiations with the House, in hopes of passing an omnibus bill by the December 11 deadline to avoid a government shutdown.

Shelby

“By and large, these bills are the product of bipartisan cooperation among members of the committee,” said Sen. Richard Shelby (R., Ala.), chairman of the Appropriations Committee. “As negotiations with the House begin in earnest, I look forward to working with Chairwoman Lowey, Vice Chairman Leahy, and Ranking Member Granger to resolve our differences in a bipartisan manner.”