Domestic uranium production climbed to its strongest first quarter in nearly a decade, according to figures reported by the American Nuclear Society. US production of uranium concentrate reached 1,039,075 pounds in the first quarter of 2026, the highest first quarter total since 2015. Output came from six facilities, four in Wyoming, one in Texas, and the White Mesa Mill in Utah, which produced the largest share at 788,404 pounds.
The gains arrived as prices held firm. The uranium spot price stood near 85 dollars per pound at the end of June 2026, with futures around 86 dollars in early July, up more than 10 percent over the prior year. Earlier in 2026 the spot price spiked above 94 dollars, its highest level in more than two years.
Policy has reinforced the trend. A national security designation for uranium opened the door to price supports, import limits, and potential federal equity stakes in domestic producers, signals that have encouraged operators to restart and expand mines. Analysts add that utilities remain structurally under contracted, with a demand wave building toward the 2030s as reactor life extensions, restarts, and new builds move forward. The combination of higher prices, supportive policy, and rising reactor demand has pushed US producers to lift output after years of heavy reliance on imports.
Source: American Nuclear Society - https://www.ans.org/news/2026-07-07/article-8184/domestic-uranium-production-is-up-prices-hold-steady/