Momentum in the nuclear fuel cycle shows no sign of slowing. In the U.S., policy support is gathering pace as the Energy Secretary calls for a stronger uranium reserve, sending producers higher and highlighting America’s determination to secure its supply chain. Across the Atlantic, a new partnership is set to slash licensing timelines and remove Russian fuel from the equation — a structural reset that could transform capital flows into advanced nuclear projects open.substack.com/pub/thehoo…

Even the gold standard in #uranium mining faces difficulty from time to time. 2.5% of primary supply gone for 2025, just as the largest producer cuts production capabilities by 10% for 2026. A perfect storm ahead of WNA in London next week.

For too long there has been a growing disconnect between the US' nuclear ambition, and the disregard for the fuel needed to achieve it. This is why the news out of the US is so significant. It addresses the fact you cannot double, triple, quadruple nuclear capacity without fuel, especially when you only produce 1% of your requirements domestically. It will be near term demand that will drive prices to $150+ and we may have just seen the most indisputable signal from the US government that their ambition is to build new nuclear, and build it soon. This is what will reshape the demand side of the equation for nuclear fuel. Near term demand. Imagine a world where all of these nations proclaiming their nuclear ambitions actually start to build nuclear at the pace of China. This could now be a reality in the US with by stripping unnecessary bureaucracy out of the NRC, building new nuclear on pre-licensed military sites, and a call to subsidize nuclear projects with government funding. This is an important day for nuclear power in the US, and an example for the rest to follow.