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US Firm Targets 50% Uranium Enrichment Capacity Expansion

The project will add 2.1 million SWU and lift installed capacity to more than 7 million SWU over the next decade, Urenco said.

  • On Tuesday, June 2, Urenco USA announced a nearly 50% expansion of its commercial uranium enrichment facility in Eunice, New Mexico, marking a major commitment to strengthening the U.S. nuclear fuel supply chain.
  • Driven by the looming Jan. 1, 2028, Russian uranium import ban, the expansion addresses tightening domestic enrichment availability as the U.S. nuclear sector seeks reliable, domestically sourced fuel supplies.
  • Multi-Billion dollar construction begins in 2029, creating 300 to 600 peak construction jobs, with initial production starting in 2032 and full capacity online by 2036.
  • The expansion boosts annual capacity to more than 7 million SWU over the next decade; the site requires no additional licensing, remaining within existing Nuclear Regulatory Commission limits.
  • Small modular reactors and extended reactor lifetimes drive demand for increased uranium production, as utilities secure reliable domestic fuel supplies to support next-generation nuclear deployment.
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PR Newswire broke the news in United States on Tuesday, June 2, 2026.
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