Issues facing the global uranium supply chain have created a significant opportunity for emerging explorers and producers to leverage the growing demand for nuclear energy and build more secure and stable domestic supply chains.
In an interview with the Investing News Network, Nuclear Fuels (CSE:NF) CEO and President Greg Huffman said his company is strategically positioned to supply growing US uranium demand by advancing its uranium projects in Wyoming.
“We have massive, massive increases in terms of expected demand for uranium,” he said. “What we at Nuclear Fuels are focused on is being able to come up with new sources of domestic US uranium to help supply that increase in demand for nuclear power.”
The CEO noted that rising uranium demand is not only being driven by countries increasing their nuclear energy capacity for the clean energy transition, but also by global tech companies needing to power increasingly sophisticated and power-hungry data centers.
Nuclear Fuels is advancing its district-scale uranium projects in the US, spearheaded by its flagship Kaycee project, located in Wyoming’s Powder River Basin, with existing historic resources of nearly 2.5 million pounds of uranium. The company intends to bring that resource up to 15 million pounds of U3O8. Nuclear Fuels’ uranium projects are amenable for the in-situ recovery process, a low-cost, low-impact method for extracting uranium.
“There’s a huge amount of government support available as the US works very, very hard to reestablish a domestic nuclear fuel supply chain … from the production of uranium through the conversion to the enrichment to the fuel fabrication — everything right across the entire fuel cycle,” Huffman said.
Watch the full interview with Greg Huffman, CEO and president of Nuclear Fuels, above.
Disclaimer: This interview is sponsored by Nuclear Fuels (CSE:NF,OTCQX:NFUNF). This interview provides information which was sourced by the Investing News Network (INN) and approved by Nuclear Fuels in order to help investors learn more about the company. Nuclear Fuels is a client of INN. The company’s campaign fees pay for INN to create and update this interview.
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