- Biden calls for 100-day review of strategic supply chains
- Already leading uranium/vanadium producer, UUUU has made significant strides in REE space in 2021
- Energy Fuels on schedule to produce intermediate rare earth product in 2021
Uranium Energy (NYSE American: UEC), a U.S.-based uranium mining and exploration company, announced that the company’s executive vice president and current president of the Uranium Producers of America, Scott Melbye, recently presented testimony at the Full Committee Hearing on Nuclear Energy for the Senate Committee on Energy & Natural Resources on March 25, 2021 (https://ibn.fm/dEX9b).
Boasting 36 years of experience within every facet of the international nuclear fuel cycle, ranging from the production and global marketing of uranium to its use as a clean-energy fuel, Scott Melbye testified as to the current state of the United States’ nuclear energy industry as well as the challenges facing the sector as a whole.
Nuclear power currently provides electricity to one in five American homes while also accounting for half of the United States’ carbon-free power. However, Melbye stated, the American nuclear power industry is dangerously close to losing its uranium fuel industrial base. The United States is now nearly completely dependent on foreign uranium imports, with almost half of the fuel used by the United States’ commercial reactor fleet being sourced from state-owned entities in Russia, Kazakhstan, and Uzbekistan. Meanwhile, the nation’s domestic enrichment capacity is close to non-existent; the sole U.S. conversion facility in Illinois has been idle since 2017 and will only begin to restart operations in 2023.
Nonetheless, as Melbye elaborated, it is not too late to change the current state of affairs, with the United States possessing over one billion pounds of uranium in known and likely deposits. Uranium Energy Corp has worked towards the development of a variety of uranium project sites in locations such as Texas, New Mexico, Colorado, Arizona and Wyoming. Utilizing historical mineral and oil & gas exploration data, UEC has been able to target and acquire properties which have already been subject to exploration and development by senior energy firms in the past, thereby dramatically lowering the company’s overall development expenses and ultimate production costs.
At their flagship Texas and Wyoming projects and operations, the low-cost and environmentally friendly mining technology called in-situ recovery (ISR) will be used by UEC to competitively supply uranium to both global utilities and the needs of the U.S. government.
Accordingly, Melbye pressed upon the urgent need for the U.S. administration and Congress to move swiftly towards purchasing uranium this year for the recently established strategic uranium reserve and fully fund the program for FY2022. The anticipated purchases would serve to preserve the nation’s industrial base, guard against global supply disruptions, and create a source of U.S.-origin uranium for defense needs.
For more information, visit the company’s website at www.UraniumEnergy.com.
NOTE TO INVESTORS: The latest news and updates relating to UEC are available in the company’s newsroom at https://ibn.fm/UEC
Vaccine distribution to millions of people and reports of declining rates of COVID-19 infection are generating optimism in the United States that the health crisis and its economic devastation are beginning to retreat before a modern medical technology assault, even as health officials continue to issue warnings that the deadly virus and its variants are still very active (https://ibn.fm/cl8Vk).
Bioscience technology accelerator XPhyto Therapeutics (CSE: XPHY) (OTCQB: XPHYF) (FSE: 4XT) is now ready to launch its own solution for improving detection of the virus responsible for the worldwide pandemic. The company announced on March 18 that European regulatory officials have approved its point-of-care SARS-CoV-2 (COVID-19) RT-PCR test system, known more simply as “Covid-ID Lab,” as a commercial in vitro diagnostic device (CE-IVD) designed to help industry professionals and government agencies screen for the virus.
Covid-ID Lab was developed by XPhyto’s exclusive German diagnostics development partner, 3a-diagnostics GmbH to be a COVID-19 testing system that is rapid, accurate and portable, granting it marketability as a product with decreased operating costs and increased convenience.
“Our test is one of the fastest PCR-based COVID-19 tests currently approved. With a sample collection to result time of 25 minutes, Covid-ID Lab combines the speed of a rapid screening test with the accuracy of a PCR diagnostic,” XPhyto CEO and Director Hugh Rogers stated (https://ibn.fm/Fi0Mw). “Covid-ID Lab is designed for point-of-care testing, particularly in satellite and small-scale labs, such as transportation hubs, borders, care facilities, schools, pharmacies, and hospitality settings.”
The company announced in February that it had quickly formed a team of expert marketing leaders to launch Covid-ID Lab in anticipation of its approval under internationally agreed-on ISO 13485 quality standards. The market launch team consists of world-class clinical and pharmaceutical executives and service providers who have led company growth in the medical diagnostic industry from inception to over 500 million Euro per year in multinational sales, according to a company news release about the team’s work (https://ibn.fm/plVjO).
Sales rollout of the diagnostic tool is planned for April across Europe and official discussions about distribution and wholesale opportunities are under way with potential partners in the Middle East as well.
“We are extremely fortunate to now have a team with deep expertise in medical diagnostic product commercialization,” Rogers stated. “We are working hard to put the Company in the best possible position to execute on our business strategy.”
XPhyto also is developing an expanded portfolio of oral biosensor screening tests that will help clients detect other bacterial and viral infectious diseases, such as influenza A, group A strep, periodontitis and the H1N1 and H5N1 flu variants responsible for previous pandemics. The company is aiming for its first product launch under the portfolio in late 2021.
XPhyto has research and development operations in North America and Europe but its focus is the European market at this time.
For more information, visit the company’s website at www.XPhyto.com.
NOTE TO INVESTORS: The latest news and updates relating to XPHYF are available in the company’s newsroom at https://ibn.fm/XPHYF
June 30, 2026
American Fusion(TM) (OTC: AMFN), a developer of next-generation fusion energy technologies, has filed an additional patent application as it advances the development of its Texatron(TM) Fusion Engine(TM) platform, marking another step in the company’s effort to build a portfolio of proprietary technologies around future fusion energy systems (https://ibn.fm/lIIYZ). The new filing, U.S. Patent Application No. […]
Rotate your device 90° to view site.