Beijing should control mining activity, limit output and consolidate smaller producers into state-owned firms to “reduce disorderly competition,” Shanxi Coking Coal Energy Group Chairman Zhao Jianze said.

The company restarted production at Rosita in South Texas in November last year.

The Newnham Lake project is close to significant discoveries such as IsoEnergy's Hurricane deposit, in the Athabasca basin.

Across the US and allied countries, owners of left-for-dead uranium mines are restarting operations.

The decision follows Energy Fuels' recent announcement to restart its uranium circuit at the White Mesa mill.

The miner has secured three 15-year contracts that will guarantee 1.8 terawatt hours per year.