Uranium Resources Summary of 2023

After decades of low production, optimism is growing among domestic uranium producers, particularly in Wyoming. Increasing support for nuclear energy, strengthening uranium prices, and geopolitical events are driving renewed interest in American uranium. Over the past year, Wyoming’s uranium industry has been the first to react by reviving activity at existing mines, increasing staff, and pursuing further exploration and development. 

Wyoming has led the country in uranium mining since 1995, and since the first uranium mines started operating in 1951, the state has produced more than 238 million pounds of uranium concentrate (U3 O8 ), also known as yellowcake. Wyoming hosts the largest-known economic uranium ore reserves in the United States, which are located across the Powder River Basin, Great Divide Basin, Shirley Basin, and Gas Hills.