Uranium Market

The fundamentals for uranium are stronger than they have been in over a decade, driven by a global push for decarbonization and energy security.

• Structural Supply Deficit: A decade of underinvestment has created a structural supply shortage, with new mine development required to meet unprecedented demand for nuclear power. Global utilities have uncovered requirements of over 1 billion pounds over the next decade.
• Geopolitical Realignment: A U.S. ban on Russian supplies and broader geopolitical instability are shifting supply chains, maximizing the opportunity for explorers in stable jurisdictions like.
• Growing Demand: The demand for uranium is increasing, driven by reactor life-extensions, the reversal of early retirement plans, and a global nuclear rollout.

 Nuclear power is the cornerstone of a reliable, carbon-free energy future.

• Global Expansion: There are currently 439 nuclear reactors in operation, with another 61 under construction and hundreds more planned.
• Energy Security: Nations around the world are embracing nuclear power to ensure long-term energy and national security.
• Sustainable Power: As a source of sustainable green energy, uranium is critical to achieving global climate goals.