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A gold rush for uranium?

From Marketplace, I'm Nancy Marshall-Genzor in Washington. One of the

nation's largest uranium companies, uranium energy corporation, is reporting earnings tomorrow.

This comes as the uranium industry is boosting production. The U.S. is looking to nuclear power

to help meet growing electricity needs, and a key ingredient, of course,

is uranium. Right now, we import most of it from countries like Canada and Kazakhstan. But as

Marketplaces Caitlin Tan reports, that wasn't always the case. Back in the 30s in Wyoming, a few people

called a now ghost town, home on the range. For real.

Yeah, believe it or not, if you got a letter postmark there, it would be home on the range.

Robert Gregory is a University of Wyoming geologist. He says in the 50s a uranium investor came to town.

His last name was Jeffrey. And so it became Jeffrey City.

It became the epicenter of the nation's

uranium boom through the 70s, but then came the partial meltdown at Three Mile Island.

When something like that happens, people rethink nuclear power. Uranium mining slumped for decades.

There's been a huge resurgence in that mining, driven by this demand for AI data centers

and the government policies.

Morgan Bazillion is with the Colorado School of Mines.

This year, the federal government invested billions into the uranium supply chain.

It does seem like the beginning of a boom. Six mines are operating

up from three in 2021, and much of it in Wyoming. We're in the expanding and restarting existing

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