Uranium mining in the United States hasn’t been profitable since the Russians flooded the global market with predatorily priced ore and processed fuel a decade ago.

Long before, the nation’s uranium enrichment industry, episodically idled by market paralyses and perpetually frozen in costly regulatory entanglements, had fallen into obsolescence.

In 1980, the United States produced and processed 90 percent of the uranium used by 251 nuclear power plants that generated 11 percent of the country’s electricity.

In 2021, only 5 percent of the uranium used by the 55 nuclear power plants operating in the United States—which now generate 20 percent of the nation’s electricity—was produced domestically.

After years of Russian market manipulation stymied profitable domestic production, Congress has responded since 2020 with a series of bills that could, if approved, collectively spend up to $5 billion by 2035 in an attempt to bring a domestic commercial uranium market back to life. //

But unfortunately, there’s nowhere in the United States for Wyoming mines to send ore for enrichment. Nationwide, only one plant in New Mexico has the capacity to enrich uranium for use in commercial nuclear reactors.

“Even if we were mining it now, we’re shipping it somewhere else [overseas] to get it enriched and refined,” Deti said. “When it comes to conversion and enrichment, we have no capacity to do that [in the United States]."