US approves $414M uranium investment in Niger, two years after troops left
Summary
The United States has approved up to $414 million to support a Canadian company's uranium mining project in Niger. This comes two years after the U.S. withdrew its troops from Niger following political unrest and reflects strategic interest in securing uranium supply.Key Facts
- The U.S. Development Finance Corporation approved financing for Global Atomic’s Dasa uranium project in Niger.
- Dasa is considered the highest-grade uranium deposit in Africa.
- Niger is the world’s seventh-largest uranium producer.
- The U.S. pulled out about 1,000 troops from Niger in 2024 after a military coup and Niger's request.
- Niger's military government accused France of involvement in a failed mutiny, which France denied.
- Global Atomic is exploring alternative export routes through Algeria due to security concerns.
- Uranium was added to the U.S. critical minerals list in 2023, increasing its strategic importance.
- The deal aims to secure uranium supply potentially threatened by geopolitical rivalries.
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