Washington approves launch of uranium and vanadium mine in Utah

The U.S. Department of the Interior has approved the Velvet-Wood site, the first mining project to benefit from an expedited environmental procedure aimed at strengthening national mineral security.

Share:

Gain full professional access to energynews.pro from 4.90$/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90$/month*

No commitment – cancel anytime, activation in 2 minutes.

*Special launch offer: 1st month at the indicated price, then 14.90 $/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99$/year*

To access all of energynews.pro without any limits

*Introductory annual price for year one, automatically renewed at 149.00 $/year from the second year.

The federal government of the United States has approved the opening of the Velvet-Wood mine in San Juan County, Utah. The project, led by Canadian company Anfield Energy Inc., focuses on the extraction of uranium and vanadium. It is the first permit granted under a new 14-day expedited environmental review procedure introduced in the context of the national energy emergency declared by President Donald J. Trump.

A response to strategic dependency

According to the Bureau of Land Management (BLM), which conducted the final environmental assessment, the operations will result in only three acres of surface disturbance. The main activity will take place underground, relying on previously identified deposits at the Velvet site and the nearby Wood deposit. The stated goal is to reactivate historic infrastructure while minimising land impact.

The United States heavily depends on imports for these two strategic minerals. In 2023, 99% of the uranium used by U.S. civilian nuclear power plants came from abroad, notably Russia, Kazakhstan, and Uzbekistan. In 2024, nearly half of the vanadium consumed in the U.S. was imported, mainly from China, Russia, South Africa, and Brazil.

Critical industrial and military uses

Uranium is essential for electricity production in nuclear power plants, medical applications, and propulsion of U.S. Navy submarines and aircraft carriers. Vanadium, for its part, is used to strengthen steel and is found in titanium alloys used in both commercial and military aviation.

Doug Burgum, U.S. Secretary of the Interior, stated that this approval marks “a turning point in how we secure America’s mineral future.” The Department noted that the procedure aims to reduce dependence on foreign powers by accelerating critical mineral projects.

Additional infrastructure planned

Anfield Energy also plans to restart the Shootaring Canyon uranium mill, located south of Hanksville, in the same state. This facility, one of only three licensed uranium concentrate mills in the United States, would produce uranium concentrate directly from the extracted ore, thus reducing the need to import processed material.

The Bureau of Land Management oversees the extraction of mineral resources on federally managed public lands, including strategic minerals used in data centres and defence applications. The agency issues permits, monitors land use, and manages the environmental processes associated with traditional and critical mining operations.

Framatome and the French Alternative Energies and Atomic Energy Commission have commissioned a specialised industrial line in Jeumont for the manufacturing of nuclear components used in French Navy vessels.
Italian company Terra Innovatum is advancing the commercialisation of its SOLO micro-reactor, with two new partnerships and $42.5mn in funding as part of a merger with a listed company.
The Nurlikum Mining joint venture enters a new industrial phase with the launch of the South Djengeldi project, targeting annual production of 500 tonnes of uranium over ten years in Uzbekistan.
The containment structure over Chernobyl’s destroyed reactor lost power after a Russian strike, as Zaporizhzhia remains cut off from external electricity for over a week.
Uranium deliveries to U.S. civilian operators rose 8% in 2024, while the average price climbed to its highest level since 2012, according to the latest available data.
The Vice-Chairman of Russia’s Security Council believes more countries will develop nuclear weapons and generative AI technologies as a result of increasing public sector efforts.
An international tribunal ruled in favour of French company Orano against the State of Niger, which had blocked the sale of uranium extracted from the Arlit mine since taking control of the site in 2023.
US-based Oklo and Sweden’s Blykalla join forces to coordinate supply chains and regulatory data sharing to accelerate the commercial deployment of their metal-cooled small modular reactors.
EDF plans a massive €25bn ($26.5bn) investment to modernise its nuclear fleet, focusing on reactor lifetime extension and preparing for new nuclear projects in France.
The French Energy Regulatory Commission set the full nuclear cost at €60.3/MWh by 2026, outlining the taxation thresholds applicable under the market reform scheduled for 2026.
The Ministry of Energy will initiate talks with developers of small nuclear reactors after signing a cooperation agreement with the United States to conduct preliminary studies on their deployment.
The restart of the Flamanville EPR reactor, initially scheduled for 1 October, has been delayed by more than two weeks due to a maintenance operation on the primary circuit.
The International Atomic Energy Agency says known natural uranium reserves will meet global nuclear power plant demand for the rest of the century, despite price pressures.
Site selection for Kazakhstan’s first nuclear power plant enters an advanced technical phase, with more than 100 experts mobilised by Rosatom to conduct complex geological and seismic analyses.
The ICSID arbitral tribunal ordered Niger to suspend any sale of uranium produced by SOMAÏR, ruling that this material falls under Orano’s contractual rights, amid a dispute with the State that has lasted for several months.
US-based TNC has entered into a strategic agreement with Nucor Corporation to expand gigawatt-scale nuclear capacity in line with federal targets of 400 GW by 2050.
Framatome and Italian agency ENEA have signed an agreement to design nuclear reactors capable of powering future human settlements on the Moon, amid growing European ambitions in space.
A technical report backed by the Government of Alberta confirms the potential of the Xe-100 reactor to meet the province’s industrial and electrical energy needs.
Drones were detected within 500 metres of the South Ukraine nuclear power plant, while Zaporizhzhia remains without off-site power.
At World Atomic Week in Moscow, the Russian president advocated for a reform of civil nuclear funding mechanisms, urging stronger involvement from multilateral financial institutions.