Thorium is even cheaper.
Look current U235 yellowcake used to be $80-$100 a kg IIRC. its now now around $20 from memory
Seawater is around $200/kg.
India I think has some uranium reserves , but significant thorium deposits. 20% of world total. The most of any country.
Its all down to current economics and politics.
It's not too hard to use thorium in a semi-breeder setup. mixed with U-235 or plutonium
To be honest, if it weren't for the massively hefty regulatory stuff you could simply chuck a load of fissile and fertile shit in a pot and stir it and tap the heat off.
AS it is, there is a lot of process involved in separating out the hot shit afterwards and dealing with it, so that becomes a major feature of the design which is therefore geared towards a specific fuel type.