In response to the Department of Energy's announcement today that it intends to release more than 9000 tons of its surplus uranium to bail out the United States Enrichment Corporation (USEC), U.S. Rep. Cynthia Lummis (R-Wyo) issued the following statement:
"The Department of Energy's announcement today adds another chapter to the book of the Obama Administration's bailouts of failing companies. In this case, it represents a serious blow to our domestic mining industry.
"We have ample uranium resources in Wyoming and all over America. But over 90% of the uranium used to provide electricity in this country is imported. Uranium from American soil, produced by American workers resulting in American jobs can help us correct that imbalance, but not when the Obama Administration levels a direct hit on domestic mining jobs by cavalierly dumping its surplus on the market.
"The Obama Administration's claim that this massive government intrusion into the market will not have an adverse material impact on domestic mining or conversion simply does not pass the straight-face test.