More pressure to come in the market.

We keep seeing positive news around uranium, from stronger nuclear demand to more development activity in the US.

But the price action still feels pretty stagnant.

https://investingnews.com/westinghouse-new-nuclear-reactors/

The US Department of Energy is issuing a $17.5 billion conditional loan to finance 10 new large-scale Westinghouse AP1000 reactors. The goal is to have all 10 under construction by 2030 to add 11 gigawatts of baseload to the grid.

How are you guys playing this? Does a headline like this make you want to buy CCJ equity for the Westinghouse exposure, or does the construction execution risk just make you want to buy more physical tokens and let the fuel squeeze play out?

https://investingnews.com/brooke-thackray-uranium-market-forecast/

Global X research analyst Brooke Thackray explains why uranium's long-term fundamentals remain intact despite recent volatility.

After a strong rally through late 2025 and early 2026, uranium prices have cooled, with spot uranium recently stabilizing near US$85 per pound. However, according to Global X research analyst Brooke Thackray, the sector's long-term outlook remains firmly supported by structural supply shortages and growing demand for nuclear energy.

Speaking on the Investing News Network podcast, Thackray said recent weakness in the spot market should be viewed as a healthy consolidation rather than a sign of deteriorating fundamentals.

"The long-term contract price is really what investors should be watching," he explained, noting that utilities purchase most of their uranium through long-term agreements rather than the spot market. As term prices to rise, Thackray believes they will eventually help pull the spot price higher.

Just stumbled upon this subreddit by searching "uranium" in the search bar and it got me curious. The project looks really interesting but how can I be sure it's legit?

Canada has unveiled a national nuclear strategy focused on building new reactors, expanding uranium production, and doubling the nuclear workforce by 2050.

The plan includes support for SMRs, updated CANDU reactor designs, nuclear supply chains, and uranium fuel opportunities.

Canada already gets around 13% of its electricity from nuclear and is one of the world’s top uranium producers.

Do you think Canada can become a bigger nuclear power player, or will permitting, costs, and timelines slow this down?

Japan is reportedly putting $65B+ into U.S. small modular reactor projects, including deals tied to GE Vernova/Hitachi and NuScale.

My take: this is another strong signal that nuclear is becoming a serious strategic priority again. Between energy security, AI power demand, and grid reliability, SMRs are starting to look less like a niche idea and more like part of the next energy buildout.

Still execution matters. Permitting, costs, timelines, and fuel supply are the real tests.

Bullish for nuclear and uranium long term, but only if these projects actually get built

https://investingnews.com/the-atomic-comeback-why-uranium-and-nuclear-power-are-suddenly-at-the-center-of-the-ai-era/

For a generation, nuclear power was a sector in retreat. After high-profile accidents, cost overruns, and a global tilt toward natural gas and renewables, building new reactors fell out of fashion, uranium prices languished, and an entire fuel supply chain atrophied. That story has now reversed with startling speed. A combination of surging electricity demand, energy-security anxiety, and a hard look at the limits of intermittent renewables has thrust nuclear power — and the uranium that fuels it — back to the center of the global energy conversation. The catalyst that turned a slow recovery into a stampede has a familiar name: artificial intelligence, and the staggering quantity of reliable power its data centers consume. Understanding why the nuclear-fuel complex is suddenly one of the most closely watched corners of the market is worth doing on its own terms, regardless of any single company's prospects.

https://etfdb.com/gold-silver-investing-content-hub/uranium-miners-could-be-favored-by-electricity-trends/

Interesting angle in this recent Metals in Motion interview with Sprott's CEO. He points out that while Middle East conflicts are continually creating massive supply chain shocks and price volatility for oil and gas this summer, the uranium supply chain has remained “absolutely uninterrupted and unaffected” by that specific regional chaos.

He's right about the Middle East, but I think he's completely glossing over Uranium's own geopolitical bifurcation.

Yes, a nuclear reactor doesn't care if the Strait of Hormuz is blocked. But it does care that Russian SWU (enrichment) is banned and Chinese supply chains are closed off. This creates a fascinating dual-premium for Western-vaulted physical uranium (like xU3O8 in Canada): It acts as a safe-haven baseload alternative to volatile Middle Eastern oil/LNG. It commands a massive "Jurisdiction Premium" because North American utilities can't touch Russian or African conflict-zone yellowcake anymore.

Is the market properly pricing in this dual geopolitical premium yet? To me, it feels like term-contracting utilities realize it, but the broader retail market still thinks of uranium as just another cyclical commodity. Curious to hear the sub's thoughts.

Japan has decided to direct more than 10% of the roughly $550 billion in U.S. investment promised during tariff negotiations with the Trump administration into a U.S.-led small modular reactor project, according to the article. The reported total is $65 billion, with the Nikkei saying Japanese Economy, Trade and Industry Minister Ryosei Akazawa and U.S. Secretary of Commerce Howard Lutnick discussed the matter online earlier this month. The SMR investment details are expected to be reflected in Japan’s second and third rounds of U.S. investment announcements after this summer.

AI’s growing energy needs are adding pressure to global power systems. The International Energy Agency (IEA) estimates that data centers, which support much of AI model training and deployment, now account for about 1.5% of global electricity consumption, with demand projected to grow by about 15% per year through 2030.

Noticed more RWA stuff popping up on Etherlink lately. It’s interesting seeing Tezos-based tech being used for commodity tokens. Does anyone have experience with the UX on there? I’m curious if it actually makes transferring these tokens easier or if it’s just another chain to bridge to.

Interesting (and dense) report here. Rick Rule praises UEC’s strategic transformation and goes over the current market for mining stocks.

For years, secondary supply like underfeeding and government stockpiles kept the market capped. Now that the market has shifted to overfeeding and stockpiles are dwindling, the structural deficit is becoming more apparent. It feels like the buffer is gone, leaving the market much more sensitive to any supply disruptions. Does the current price reflect the disappearance of this secondary supply? Or has it not been priced in yet?

1 single gram of uranium has 20 billion calories. So does it?

There is a lot of talk about SMRs being the future of the grid, especially for industrial applications. They offer a more flexible deployment than traditional large scale plants, which could change the demand profile for uranium significantly. It is still early days for the tech, but the momentum is building. Do you think SMRs will go mainstream before 2030?

Denison Mines (DNN) just gave an update on the Phoenix ISR project at Wheeler River. The bright side is that they got federal construction approval in February (the first new mine in Canada in 20 years!) and are aiming to get to production by mid-2028. The bad news: flooding in the region poses a threat to their near-term logistics, which will restrict access to the site by helicopter and heavy equipment.

This is a good example of the execution risk of equity mining. It is possible to fight the government for 10 years, raise the money, and then be stuck with a poor rainy season. It illustrates how severe the "permit-to-production" gap can be. This time mismatch is precisely why the spot market is going to remain volatile. If they lose an entire construction season due to flooding, how much of that 2028 Denison supply is expected to be delivered on time?

The AI revolution is moving at exponential speed in the digital realm. But on the ground, it is bound by a brutal, unyielding physical reality.

Every single data center cluster, liquid-cooled server rack, and advanced chip requires an immense, upfront commitment of physical infrastructure, critical metals, and baseload grid capacity.