Nucleon Fuel Seeks Grant for Wyoming Uranium Facility

The company has applied for $20 million in state funding to support its proposed uranium conversion plant.

Updated on Oct. 26, 2026 in Nuclear

Isometric editorial illustration of an industrial pressure vessel on a barren landscape, representing nuclear energy infrastructure in Wyoming. — Nucleon Fuel has applied for a $20 million grant from Wyoming's Energy Dominance Fund to support its proposed Fort Union uranium facility. AI Illustration. Upload story photo >

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Nucleon Fuel has requested a $20 million grant from the Wyoming Energy Dominance Fund to help finance its planned Fort Union Uranium Conversion Facility. The application has cleared an initial committee review and is currently undergoing a public comment period.

Why it matters

This grant would provide essential capital for the proposed facility, which aims to expand the state's nuclear energy infrastructure. The Energy Dominance Fund was created to support energy projects across Wyoming, including oil, natural gas, coal, and nuclear.

The proposed Fort Union facility would utilize three SMR-5000 modules to achieve a total annual output of 15,000 metric tons of uranium hexafluoride. Each individual module is designed for a production capacity of 5,000 metric tons per year.

The players

Nucleon Fuel

This private company is the developer behind the proposed Fort Union Uranium Conversion Facility in Wyoming.

Nuclear Regulatory Commission

This federal agency is responsible for overseeing the safety and regulation of nuclear materials and facilities in the United States.

Wyoming Energy Authority

This state entity manages the Energy Dominance Fund and is responsible for reviewing and processing grant applications.

The details

The facility plans to implement a wet conversion process using nitric acid to produce uranium hexafluoride. Nucleon Fuel has already secured $20 million in private investment, which is required to meet the matching fund stipulations for the grant.

April 2026: Nucleon Fuel submitted a letter of intent to the Nuclear Regulatory Commission.
July 1, 2026: Senate File 123 officially came into effect.
October 28, 2026: Nucleon Fuel is hosting a public open house in Gillette.
November 16, 2026: The public comment period for the grant application concludes.
December 31, 2028: Unexpended funds from the program are scheduled to revert to the mineral trust fund.

The Big Picture

The proposal aligns with the state's legislative push under Senate File 123 to diversify the local energy portfolio. This initiative follows the broader strategy of the Wyoming Energy Dominance Fund to leverage state-backed capital to grow the regional nuclear energy industry.

Residents in the area can learn more about the proposal at a public open house scheduled for October 28 in Gillette. The project represents a significant industrial development that may impact regional economic growth and local utility infrastructure.

The takeaway

The grant application is currently open for public feedback through mid-November. Stakeholders and local residents are encouraged to participate in the upcoming open house to understand the proposed facility's technical and operational details.