Critical Minerals and Energy Intelligence

Uranium prices to hit all time highs? (term contracts already there!)

— Notes from the WNA in London

We’ve just wrapped the World Nuclear Symposium in London, and we’ve been speaking “live” with CEOs and experts from across the uranium mining industry for our latest, in-depth Boom Bust BS podcast series on the state-of-play in the uranium mining space.

All the interviews are below, and the big take-aways from our founder, Anthony Milewski, are:

term pricing is at all-time highs, with whispers of $105, eclipsing the last cycle.
broad interest: attendance has jumped from ~700 last year to nearly 1,300 this year.
unlike previous years, AI, hyperscaler and tech players are everywhere, scrambling to secure power.
Rolls-Royce is pushing the SMR story hard; their design could be operational by 2030/31, opening the door to true scale in SMR build-out.
the recent U spot price liquidation was speculators selling as the war kicked off; spot is recovering, and most see a much higher incentive price needed to deliver stable nuclear baseload.
as with rare earths, governments are visibly in the mix, signaling support and potential funding for projects, processing and development.
energy is now treated as a national security issue, with uranium and nuclear front and centre.
the full value chain is here: miners, builders and power consumers.
non-specialist fund managers are in the room, hunting for alpha.

Time and again we heard the same line: this is the most exciting the conference has felt in decades. Feels max bullish!

Anthony Milewski and Christian Purefoy chat to Phil Williams, CEO and Director of ISOEnergy, a globally diversified uranium company with substantial current and historical mineral resources in top uranium mining jurisdictions of Canada, the US and Australia.

Anthony Milewski and Christian Purefoy chat to Fletcher Newton, from Revelation Nuclear, a long-time uranium market consultant, about the impact of sanctions on enriched uranium from Russia.

Anthony Milewski and Christian Purefoy chat to Dev Randhawa, CEO and Chairman of F3 Uranium, and Ross McElroy, Strategic Advisor, on the turning point for uranium prices in the market.

Anthony Milewski and Christian Purefoy chat to special guest investor Mike Beck about the price of uranium and the supply-demand dynamic that may push the price significantly higher than $200.

Anthony Milewski and Christian Purefoy chat to special guest Steven Gold, CEO of Jaguar Uranium, developing uranium assets in Argentina and Colombia, about one of the world’s most under-explored opportunities.

Christian Purefoy chats to Simon Clarke, Chairman of Myriad Uranium, unlocking strategic uranium deposits for the US supply chain in Wyoming, New Mexico and Arizona.

Christian Purefoy chats to Frederico Figueira de Chaves, CEO of Fusion Fuel, discusses the opportunity in uranium royalties and where nuclear power sits in the wider energy market.

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.

Subscribe for Investment Insights. Stay Ahead.

Investment market and industry insights delivered to you in real-time.

Disclaimer

The Oregon Group maintains full editorial control over all content published on this website. While sponsored and advertised placements may be featured, the content remains the sole opinion of The Oregon Group. The author may receive compensation or remuneration for providing content, but all statements and expressions are made independently and are not influenced by sponsors or advertisers. From time to time, The Oregon Group and its directors, officers, partners, employees, authors, or members of their families, as well as persons who are interviewed for articles on this website, may have a long or short position in securities or commodities mentioned and may make purchases and/or sales of those securities or commodities in the open market or otherwise. By accessing and using this website, readers are cautioned to assume that each of the foregoing persons may have a financial interest in all companies and sectors mentioned on this website. Any projections, market outlooks or estimates herein are forward looking statements and are inherently unreliable., and any such statements are based upon certain assumptions and should not be construed to be indicative of the actual events that will occur. Other events that were not taken into account may occur and may significantly affect the returns or performance of the securities or commodities discussed herein. The information provided herein is based on matters as they exist as of the date of preparation and not as of any future date, and The Oregon Group undertakes no obligation to correct, update or revise the information in this document or to otherwise provide any additional material. The information provided on this website is for informational purposes only and is not, directly or indirectly, an offer, solicitation of an offer and/or a recommendation to buy or sell any security or commodity, and the information provided on this website should not be construed as any advice or an opinion as to the price at which the securities of any company or commodity may trade at any time. The Oregon Group is a publisher of financial information, not an investment advisor. We do not provide personalized or individualized investment advice or information that is tailored to the needs of any particular recipient, and the information provided on this website is not and should not be construed as personal, financial, investment or professional advice. Readers are cautioned to always do their own research and review of publicly available information and to consult their professional and registered advisors before purchasing or selling any securities or commodities and should not rely on the information contained herein. Neither The Oregon Group nor any of its affiliates accepts any liability whatsoever for any direct or consequential loss howsoever arising, directly or indirectly, from any use of the information contained herein. By using the Site or any affiliated social media account, you are indicating your consent and agreement to this disclaimer and our terms of use. Unauthorized reproduction of this newsletter or its contents by photocopy, facsimile or any other means is illegal and punishable by law.