Uranium Energy Corp (UEC) and Radiant Industries have signed a uranium supply agreement to support the deployment of microreactors and build a “full nuclear value chain” in the US.

As part of the collaboration, the two US companies have completed an initial transaction for UEC to supply US origin uranium concentrates to Radiant.

In a joint statement the companies said microreactors represent an important innovation in nuclear energy at a time when energy security and advancing small modular reactors are of utmost importance.