Uranium

Evidence of expanding markets, improved prices and the short supply of uranium became abundantly clear in 1975, providing the much needed impetus for widespread activity in all phases of uranium operations. Exploration activity that had been at low levels in recent years in Canada was evident in most provinces as well as the Northwest Territories. All producers were in the process of expanding their uranium-producing facilities. Canada's Atomic Energy Control Board (AECB) by year-end had authorized the export of over 73,000 tons of U308 all since September 1974, when the federal government announced its new uranium export guidelines. World production, which had been in the order of 25,000 tons of U308 annually, was expected to reach about 28,000 tons in 1975, principally from increased output in the United States. (author)