Utah’s uranium industry would benefit from Trump’s plan to create a $1.5 billion reserve

The Trump administration’s newly proposed budget would throw a $1.5 billion lifeline to the struggling U.S. uranium industry, long battered by declining demand and cheap imports.If approved by Congress, Trump’s proposed “uranium reserve” would annually spend up to $150 million for 10 years to purchase domestically sourced uranium, much of which would be mined in Utah and neighboring states, to protect the nation “in the event of a market disruption.”This strat