President Donald Trump is poised to reject a petition from two mining companies that would have boosted the U.S. uranium mining industry in Utah and beyond, according to reports from Bloomberg and Axios citing unnamed sources.
The two companies that were pushing for the plan to require nuclear power plants to source 25% of their uranium from domestic mines were Energy Fuels Inc. and Ur-Energy Inc. While the companies issued a joint statement Friday afternoon saying they had not yet received confirmation of the reports, their stock prices fell precipitously.
Twenty-six members of Congress, including Utah Republican Reps.