US Fast-Tracking Uranium Mine Permit to Meet ‘Urgent Energy Demands’

The decision comes as America remains ‘dangerously reliant’ on imports to meet uranium demand.

The Department of the Interior (DOI) is expediting environmental permitting review of the Velvet-Wood mine in Utah amid a national energy emergency, the agency said in a May 12 statement.

“If approved, the Velvet-Wood mine project in San Juan County, Utah, would produce uranium and vanadium,” said the agency. Uranium is used as fuel in nuclear reactors and for the production of tritium, which is required for nuclear weapons, while vanadium is used in steel production and titanium aerospace alloys.

“The project will undergo an accelerated environmental review by the Bureau of Land Management, with a completion timeline of 14 days. The expedited review is expected to significantly contribute to meeting urgent energy demands and addressing key threats to national energy security,” the DOI said.

The United States is currently “dangerously reliant” on foreign imports to meet the demand for uranium and vanadium, according to the agency.

In 2023, imports accounted for 99 percent of the uranium concentrate used by U.S. nuclear generators, the Energy Information Administration (EIA) said in a Jan. 30 statement.

According to the EIA, prior to the 1980s, the United States had incentives and favorable trade policies that boosted domestic uranium production. After these policies ended in the 1980s, domestic output cratered.

For instance, the United States produced 43.7 million pounds of uranium concentrate in 1980. By 2019, this had dropped to 174,000 pounds.

As for vanadium, almost half of domestic consumption last year was accounted for by imports, the DOI said.

A key security risk posed by the lack of domestic uranium and vanadium production is that America is dependent on its rivals.

For instance, in 2023, U.S. nuclear generators sourced uranium concentrate from sources in Russia, the DOI said. Meanwhile, Russia and China are key exporters of vanadium, according to data from the World Bank.

According to the DOI, the expedited permitting of the Velvet-Wood mine is being done in response to the national emergency declaration issued by President Donald Trump via an executive order on Jan. 20.

The declaration said the current inadequate development of domestic energy sources makes the United States “vulnerable to hostile foreign actors” and poses a national security threat to the country.

“America is facing an alarming energy emergency because of the prior administration’s Climate Extremist policies,” Interior Secretary Doug Burgum said.

“President Trump and his administration are responding with speed and strength to solve this crisis.

“The expedited mining project review represents exactly the kind of decisive action we need to secure our energy future. By cutting needless delays, we’re supporting good-paying American jobs while strengthening our national security and putting the country on a path to true energy independence.”

By Naveen Athrappully

Read Full Article on TheEpochTimes.com

The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

Columns

Big Tech Liberals are Using AI to Censor Conservatives

The Federal Trade Commission is gathering information to expose how technology platforms have violated the law in censoring Americans.

Unveiled: Gynocrats’ Brave and Stunning Strategy to Woo Back Male Voters

There’s nothing — nothing — that drives Democrats more bananas than...

Ship of Fools

A rudderless ship drifts with currents. A freighter with no pilot is stuck at the dock. Rudderless and stuck are perfect ways to describe the Democrat party.

Wolves Wreak Havoc on Cattle Herds in California

Descendants of rewilded wolves are taking heavy toll on cattle in Nor. CA and Oregon, killing animals and putting stress on cow-calf operations and pocketbooks.

Visiting Narnia with an Adult’s Perspective

When you hear the word “Narnia” you might recollect a lion, a witch, and a wardrobe that takes kids into a magical land. Hmm . . . barely the gist of it.

News

Fed’s Powell Says Interest Rate Decisions Will Be ‘Non-Political’ in Meeting With Trump

Fed Res Chair Jerome Powell said decisions on interest rates would remain grounded in economic data and free from political influence.

FBI Director Says ‘Definitive Answer’ Coming on Key Jan. 6 Question

FBI Dir Kash Patel said agency will attempt to produce answer on whether there were FBI agents or sources in crowd at U.S. Capitol on Jan. 6, 2021.

Tariffs Temporarily Reinstated by Appeals Court, Reversing Lower Court Order

A federal appeals court temporarily paused a lower-court ruling that struck down President Donald Trump’s tariffs on a wide range of countries.

DeSantis Signs Gold Money Legislation Into Law

Gov. DeSantis signed “transactional gold” legislation to help Floridians use precious metals in commerce and savings, to protect purchasing power from inflation.

Judge Extends Block on Trump Admin’s Bid to Bar Foreign Students at Harvard

Federal judge will maintain a temporary block she placed on DHS revocation of Harvard’s certification program allowing it to enroll foreign students.

White House Says Trade Policy Not Affected by Court Ruling, Has Other Tariff Authorities

WH press secretary Karoline Leavitt said a federal court ruling blocking the admin’s global tariffs has not impacted President Trump’s trade agenda.

16 States File Lawsuit Against National Science Foundation for Ending DEI Support

Sixteen states are suing the National Science Foundation (NSF) over the agency’s recent actions against diversity, equity, and inclusion (DEI) policies.

Overlooked Chemicals in Food May Threaten Your Health

Scientists are alarmed about threat to public health: synthetic chemicals from packaging and processing equipment contaminating the food supply.
spot_img

Related Articles