World Nuclear Association

 The World Nuclear Association forecasts a 55% growth in nuclear power to 2040. Pro-nuclear catalysts include growing energy needs, climate goals, and major government policy shifts in favor of advanced nuclear reactors.

America produced only 21,000 pounds of yellowcake uranium in 2021 - a tiny fraction of what we need. Just consider that a typical reactor needs around 200 tons of uranium every year.

To offset this deficit, the U.S. purchases more than 45 million pounds of enriched uranium each year, with nearly half coming from Russian state-owned entities - our geopolitical foes.

With so many factors working in its favor, experts believe the nuclear comeback will breathe new life into the dormant domestic uranium industry - and may lead to a new bull market for the metal.

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