US awards first domestic uranium concentrates contract in 40 years to UEC, enCore

The US Department of Energy (DOE) has awarded NYSE-listed Uranium Energy Corporation (UEC) and TSX-V-listed enCore Energy Corporation with contracts to supply it with uranium concentrates under its new Uranium Reserve Programme. The contracts represent the first uranium purchase by the US government in 40 years, enCore says, adding that it will help the government to establish a strategic uranium reserve.