American energy policy has come a long way in four months. Under the Biden administration's autopen, our energy policy was hamstrung; the administration was canceling oil and gas leases, pouring our money into "green" energy boondoggles, and gas prices were shooting up.
Now, gas prices are heading back down, "drill, baby, drill" is the new slogan, and the president is an advocate for not only fossil fuels but nuclear power. In the latest news, the Trump administration has green-lit the reopening of a uranium mine in Utah. Legal Insurrection's Leslie Eastman has the details:
I recently wrote about the numerous positive developments related to the mining and processing of critical minerals, such as rare earths, outside of China, which were supported by two key executive orders from President Donald Trump.
I can now report even more success in domestic mine expansion. The Trump administration recently approved the reopening of the Velvet-Wood uranium and vanadium mine in southeastern Utah, marking the first mining project to be permitted under a new, dramatically accelerated environmental review process.
North America has vast reserves of uranium, enough to power the United States and Canada for hundreds of years, and the Trump administration's Department of the Interior is now, as we see, fast-tracking approval of new uranium mines:
The decision, executed by the Department of the Interior, was made in just 14 days…a stark contrast to the months or years such reviews typically require.
“This approval marks a turning point in how we secure America’s mineral future,” said Secretary of the Interior Doug Burgum in a statement. “By streamlining the review process for critical mineral projects like Velvet-Wood, we’re reducing dependence on foreign adversaries and ensuring our military, medical and energy sectors have the resources they need to thrive. This is mineral security in action.”
The Velvet-Wood mine, near Utah’s Lisbon Valley, will produce both uranium and vanadium. The former can be processed into fuel for nuclear reactors, while the latter is commonly used in steel alloys.
Fourteem days! That is, as someone once said, a big freaking deal.
According to a report by the OECD Nuclear Energy Agency and the International Atomic Energy Agency, as of 2015, the United States' reserves of recoverable uranium were at 101,900 tonnes (metric), and Canada is blowing us away with 969,200 tonnes. That's a lot of uranium. But, according to this same report, the world champion by a wide margin is Australia, with 2,049,400 tonnes. Australia is a steady ally of the United States, meaning that a large portion of the planet's uranium reserves are in American hands or the hands of American allies. With these, and with the new reactor designs, America's energy future could be bright indeed.
See Also: Clean Energy: Two New 'Microreactor' Designs Could Be Game Changers
Trump’s Masterstroke: U.S. Secures Ukraine’s Mineral Wealth in Bold Deal
The newly reopened mine will be operated by a Canadian company that specializes in power metal resource development, and the rewards of opening this mine could be, shall we say, substantial.
The mine is set to be reopened by Canadian company Anfield Energy. Anfield Energy’s main business is the development of energy metals, with a particular emphasis on uranium and vanadium resources. The company aims to become a top-tier supplier of energy-related fuels, positioning itself as a key player in the emerging nuclear energy sector in North America.
The company’s website heralds the astonishing potential of the Utah mine.
Acquired alongside the Shootaring Canyon Mill in 2015, this project holds significant historical mineral resources. With measured and indicated categories containing 4.6 million pounds of U3O8 ([uranium oxide] 0.285% grade) and inferred categories holding 552,000 pounds of U3O8 (0.320% grade) and7.3Mlbs of V2O5 ([Vanadium Oxide] 0.404% grade), Velvet-Wood demonstrates its potential.
It's unclear why an American company wasn't given the contract, but given Canada's extensive resources, it follows that there would be Canadian companies that specialize in uranium development; and this is a boon for America, either way.
We solve today's problems with tomorrow's technology. We are seeing some of tomorrow's technology today, with new reactor designs that are safer, more efficient, and more versatile than they've ever been. Small Modular Reactors (SMR) could bring cheap, reliable energy to many areas that are now dependent on traditional power plants, many miles away. Nuclear energy is everything the climate scolds claim to want: Clean, efficient, and unlike wind and solar, reliable and high energy density.
America may be on the cusp of a nuclear energy boom. That's good for us. It's good for our neighbors. Best of all, it's good for the environment, even if the urban environmental warriors don't want to admit it.
We're not tired of winning yet. Not by a long shot.
Editor's Note: President Trump is leading America into the "Golden Age" as Democrats try desperately to stop it.
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