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FluxPoint Launches Plan for First New U.S. Uranium Conversion Plant in 70 Years

Policy shifts are spurring private projects to rebuild a domestic fuel step that has long relied on foreign processors.

Overview

  • FluxPoint announced at CERAWeek this week a Texas plant to convert uranium oxide into uranium hexafluoride gas for enrichment, which would be the first new U.S. conversion site in more than seven decades.
  • The company says it has secured land, started front-end engineering design, finished feasibility and market studies, begun talks with the NRC, and is targeting first production in 2030–2031.
  • Uranium Energy Corp’s UR&C unit recently received an NRC docket number for its own facility, signaling a private race to restore this chokepoint in the nuclear fuel chain.
  • The U.S. today relies on a single commercial converter, Solstice’s Metropolis Works in Illinois, which restarted in 2023 and expects to produce more than 10 kilotonnes of UF6 in 2026.
  • Stronger demand and policy are driving the push, with a federal law phasing out Russian uranium by 2028, new DOE orders to expand enrichment this year, and utilities seeking long-term domestic supply contracts.