CNBC reported in early June 2025 that once a leading producer of uranium in the world, U.S. production of the mineral has fallen off a cliff. But that’s changing. Domestic mining of uranium, which is primarily used as a fuel for nuclear reactors, is picking back up thanks to a ballooning demand for electricity needed to power energy hungry AI models.
Drilling for Uranium
CNBC spoke to two uranium miners, Ur-Energy and Energy Fuels, about how they are working to ramp up domestic production of uranium and the challenges they face in doing so.
The I2M Corporation in Texas has undertaken a robust exploration and development program and is moving into development drilling stages in the near future (more).
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Managed & Built by I2M Consulting, LLC | © 2010-