Why Invest in Uranium Now
Nuclear Power Is Enjoying The Strongest Public Acceptance In Generations
Nuclear’s growing acceptance spans across political ideology
Construction of OPG’s first of four BWRX300 SMRs at the Darlington, Ontario site. Source https://www.opg.com/wp-content/uploads/2025/05/DJI 20250430085020 0002_2732 crop.jpg
In the last 3 years…
- Recognized Baseload Carbon-Free Footprint
- Energy Security and Sovereignty Concerns
- Nuclear Power is Green and Investable
- Nuclear to Power the Al Race
- Streamlining of Nuclear Regulations
- Small Modular Reactors Breaking Ground
- Governments Incentivizing Nuclear Fuel Cycle
- 73 New Builds Underway, even in the OEDC / Reversal of premature plant retirements
- Uranium declared a critical mineral
US-Focused because of America’s Critical Need for Increased U Production
In 2024, the USA produced approximately 677,000 Ibs U3O81
In 2025, the USA is forecast to produce approximately 2.3 M Ibs U3O8 but is expected to consume 50.6 M Ib1
Russia, Kazakhstan, Uzbekistan and Niger in recent years constituted 44% of US uranium imports1
Nuclear accounts for 18.6% of American electricity generation in 20232
Existing USU Deposits are not
US Production since 2000
Especially when the nuclear fleet will grow
US to Quadruple Generation by 2050
US becomes a quicker-to-permit jurisdiction?
Regulatory Streamlining
A Uranium Supply
Deficit is Unavoidable
The Long Term Outlook
The 2040 deficit is equal to annual production from 11 new operating mines the size of Cigar Lake
Chronic Underfunding of new U supply
…has prevented exploration, development & mining from keeping pace with resource depletion and is clearly inadequate to keep up with emerging demand
IAEA’s Seismic Shift in U Supply View
…”timely investments in new exploration, mining operations and processing techniques will be essential to ensure that uranium becomes available to the market when needed.”
IAEA Red Book, 2024
Demand Drivers
- Growing demand for clean baseload electricity
- The Electricification of All Things
- Al and datacentre power needs
- Implementation of SMRS
- Energy security
- Governmental climate change pledges
Uranium’s Forward Looking Indicators are Positive
Short to Medium-Term Outlook
Term Uranium Prices continue upward movement
Leading Indicators based on the uranium procurement process suggest utility uranium purchases are in their early days of the cycle
Spot and Term U308
UF6
Conversion