Uranium junior Ur-Energy on Tuesday announced that it had implemented further cost-saving measures, including more job cuts, following a decision by President Donald Trump last month to steer clear from imposing import tariffs on uranium.
Wyoming-based Ur-Energy and Colorado-based Energy Fuels have approached the Trump administration with a petition for Section 232 trade action to implement domestic quotas, but the President rejected a recommendation by the Commerce Department to require US power producers to source up to 25% of their uranium from domestic mines, and instead created a working group to review the country’s nuclear fuel supply chain.