Ur-Energy’s Jeffrey Klenda on the Executive Order for Critical Minerals and the Impact of the Amended Russian Suspension Agreement on U.S. Uranium Producers
InvestorIntel’s Tracy Weslosky speaks with Jeffrey Klenda, Chairman, President, and CEO of Ur‐Energy Inc. (NYSE American: URG | TSX: URE), about President Trump’s Executive Order on Critical Minerals which called the reliance on critical minerals from foreign adversaries a national emergency. “It not only is a national emergency, I think it has been a national emergency for many years,” Jeffrey told InvestorIntel. “The reality is, of those 35 critical minerals, we are reliant for 31 of them to the tune of more than 50% of our consumption on foreign entities and for 14 of those critical minerals we are 100% dependent.”
Jeffrey went on to provide an update on the extended and amended version of the Russian Suspension Agreement. He explained how it helps the US uranium producers and also closes the loopholes in the agreement to stop Russia from flooding the US uranium market.
Jeffrey also commented on Kazatomprom, Cameco and the US presidential election. “We will see utilities coming back into the marketplace,” Jeffrey said. “We are thinking that will push prices higher before the end of the year and we stand ready. We have kept our operational staff in place, we are ready to ramp up at anytime. We can do it faster, at lower cost than anyone else”
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Disclaimer: Ur‐Energy Inc. is an advertorial member of InvestorIntel Corp.