Critical Minerals and Energy Intelligence
Uranium
Demand for clean electricity to power AI data centers—and renewed focus on energy security—is driving a nuclear power resurgence across the U.S., Europe, and Asia. That’s pushing up demand for uranium, the yellowcake fuel behind one of the world’s most reliable and lowest-emission energy sources.
Today, nearly two-thirds of global uranium supply comes from Kazakhstan, Canada, and Australia, fueling 440 operating reactors. Another 60 reactors are under construction, with 400+ more in the pipeline.
Government and public sentiment is shifting in favor of nuclear. Life extensions for aging fleets, aggressive new-build plans, and the rollout of Small Modular Reactors (SMRs) are setting up uranium as a high-conviction growth theme.
Uranium Insights
Industry uranium report
Uranium is at the start of a 10-year bull market, according to our report. The Oregon Group forecasts the uranium market will be positively impacted by a large net increase in global nuclear reactors, which require uranium as fuel.
