Urenco

New Capabilities

Second-largest non-Russian uranium enricher; expanding U.S. capacity

For decades, the United States outsourced its nuclear fuel supply chain to Russia. That ended in May 2024 when President Biden signed a law banning Russian uranium imports, triggering a scramble to rebuild domestic capabilities before the waiver period expires in 2028. Snow Lake Energy's acquisition of Global Uranium and Enrichment, completed February 13, 2026, represents one piece of this larger puzzle—consolidating Wyoming uranium projects and gaining exposure to novel enrichment technology that could bypass the conversion bottleneck.

Updated Feb 13