Russia’s uranium export ban has rocked global energy markets, exposing critical vulnerabilities in U.S. energy security. Scott Melbye, Executive VP of Uranium Energy Corp (UEC), discusses the urgent need for a robust domestic uranium fuel cycle to reduce reliance on foreign suppliers like Russia and Kazakhstan. With uranium prices already breaching $100 per pound and a 50-million-pound supply deficit, Melbye explores how the U.S. can respond to growing nuclear energy demand.
Melbye also highlights UEC’s leadership in North American uranium production, from restarting mines in Wyoming and Texas to advancing the Rough Rider project in Canada. He outlines the role of nuclear energy in powering the green transition, the rise of small modular reactors (SMRs), and the potential impact of President-elect Trump’s pro-energy policies. This is a must-watch for insights into the future of uranium, energy security, and the nuclear power industry.
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00:00 Introduction
00:41 Uranium Market Insights
01:52 Geopolitical Risks and Uranium Supply
04:04 Future of Nuclear Energy and UEC's Role
06:34 Challenges and Opportunities in Uranium Mining
09:27 Outlook for the Uranium Market
14:58 Conclusion
#Uranium #NuclearEnergy #EnergySecurity #ScottMelbye #UEC #UraniumEnergyCorp #UraniumMarket #UraniumPrices #NuclearPower #EnergyCrisis #RussiaUraniumBan #Geopolitics #EnergyTransition #SmallModularReactors #SMRs #GreenEnergy #CleanEnergy #CarbonFreeEnergy #UraniumSupply #Mining #UraniumMining #UraniumInvesting #EnergyDemand #CriticalMetals #NuclearFuel #AmericaFirst #EnergyPolicy #TrumpEnergyPolicy #KitcoNews
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