EPISODE 20: Anthony Milewski and Christian Purefoy chat to Nathan Chutas, CEO and Director, of Skeleton Coast Uranium focused on discovering the next major uranium deposit in Namibia.
Uranium is trading near a six‑month high of around $90 per pound as supply risks collide with accelerating nuclear demand. Delays at Kazatomprom’s new sulphuric acid plant are constraining future output from the world’s largest producer, just as governments and utilities ramp up reactor life extensions, new‑build plans and fuel contracting to meet electrification and AI data‑centre‑driven power needs.
At the same time, long‑term contracts are tightening uncovered utility requirements into the 2030s, reinforcing the sense that the market is shifting from a one‑off price spike to a structurally tighter “second nuclear age.”
And Nambia is the world’s third largest supplier of uranium, with 7,333 tonnes of uranium production in 2024, providing an estimated 10% of global supply.
“Namibia is a big player in the global uranium market, and Namibia’s got some things going for it that make it more attractive than other places — it’s a stable jurisdiction, it’s mining friendly, and there’s three operating uranium mines and projects that are permitted with infrastructure and port facilities” — Nathan Chutas, CEO and Director, of Skeleton Coast Uranium Corp
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