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Nuclear fuel sector to receive Department of Energy loan support, Ur-Energy Inc initiative targets supply chain

Nuclear fuel sector to receive Department of Energy loan support, Ur-Energy Inc initiative targets supply chain
Energy Department launches nuclear loans

The Department of Energy has announced a new loan program aimed at strengthening the American nuclear supply chain.

Ur-Energy Inc shared details of the initiative, which seeks to boost domestic uranium production and support the broader nuclear fuel industry. The move is part of a wider effort to enhance the resilience and reliability of nuclear power infrastructure in the U.S. as global energy security concerns rise. Further specifics on eligibility and funding amounts are expected in upcoming agency releases.

Ur-Energy Inc previously reported strong growth in the U.S. nuclear industry one year after executive orders aimed at bolstering domestic energy independence, according to a company update. The Nuclear Regulatory Commission renewed Hatch-1 and -2 licenses for Ur-Energy Inc in under 12 months, further signaling sector momentum in recent regulatory actions, as noted in an earlier regulatory summary. These developments come as the current loan program seeks to further advance the nuclear fuel supply chain.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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