President Donald Trump’s 2021 Budget proposed $150-million for the creation of a US uranium reserve as the administration seeks to help struggling producers of the fuel for nuclear power reactors.
The money, if approved by Congress, would begin the process of purchasing uranium, Energy Secretary Dan Brouillette told reporters in a teleconference on the Energy Department’s budget.
Brouillette also said the budget represents a push by Trump to challenge the global expansion of nuclear power development by Chinese and Russian companies.
Trump "has decided that we’re going to meet them anywhere that they go around the world, and this … is the very first step that we will take to put the United States back into this competitive game," Brouillette said.