ADELAIDE, Australia—Idle uranium mines are slowly coming back to life as countries rethink their energy security and shift away from coal.
Operators of mines in North America, Australia and Africa say they are preparing to restart old sites or stalled projects, encouraged by uranium prices hitting their highest levels since the 2011 Fukushima disaster in Japan that drove the nuclear fuel into a decadelong slump. Concerns about greenhouse gas emissions linked to climate change and a desire to replace uranium from Russia, even though its state-owned supplier isn’t subject to sanctions, are increasing confidence within the industry.
