A new Texas-based startup has launched an effort to build what would be the first U.S. uranium conversion facility in more than seven decades to restore a domestic capability it says has become “an unacceptable chokepoint” in America’s nuclear fuel supply chain.
FluxPoint Energy made its public debut this week at CERAWeek by S&P Global, announcing plans to convert uranium oxide into uranium hexafl...
This development in the U.S. uranium conversion industry highlights a growing focus on energy security and domestic capabilities. The move away from reliance on foreign-controlled facilities for fuel processing is driven by a combination of strategic and economic considerations, as well as recent changes in regulations that have banned Russian uranium imports. However, this shift also raises questions about competition between FluxPoint Energy and Uranium Energy Corp, potential economic implicat...