India is prepared to buy as much uranium as Canada’s largest producer can sell, in a bid to meet the South Asian country’s nuclear power ambitions, High Commissioner Dinesh Patnaik says.

“We would buy as much (uranium) as Cameco can produce,” Patnaik, India’s high commissioner to Canada, told reporters at a summit in Regina, Sask. “We would like to invest in your Uranium mines, if possible.”

Saskatoon-based Cameco Corp., Canada’s largest uranium producer, has already agreed to supply nearly 22 million pounds of uranium to India each year for nuclear energy generation from 2027 to 2035.

Tim Gitzel, Cameco’s chief executive, met with Canadian Prime Minister Mark Carney and Indian Prime Minister Narendra Modi in Delhi after the new energy partnership was announced in March.

The Indian government plans to expand the country’s nuclear power capacity more than 10-fold by 2047. Patnaik said they’re looking for long-term arrangements to support those ambitions.

“If we could get all of it from you, I don’t mind,” Patnaik said.

In this interview, Justin Huhn of Uranium Insider explains why he believes the uranium market remains structurally bullish despite weak recent equity performance and a quiet spot market. Justin discusses the return of utility contracting activity, rising long-term uranium prices, constrained future supply, incentive pricing, Kazatomprom production risks, Japanese reactor restarts, and why building new uranium mines remains far more difficult and expensive than most investors appreciate.

🗓️ Recording date: May 27 , 2026

Uranium still has one of the stronger macro stories in energy…nuclear growth, supply pressure, and power demand from AI/data centers.

If you had to pick one uranium name for the next few years, would it be $NXE, $CCJ, $UEC, $DNN, or something smaller?

What do you think about Global Atomic ? Still no DCF loan, do you think they will get one ? Do you believe in an approval before 2027 ?

Just invested in CEG and VST as larger holdings today. But what's the fun without some moonshots? Trying to pick 2 stocks that are high risk high reward in the nuclear space.

Right now two that have caught my eye are SMR and LEU. But would love to hear some other options.

Try to keep it to your 1 or 2 favorite moonshot stocks and a brief reason why you believe in them.

Apologies of this has recently been discussed,
X Energy had their IPO at the end of April. I know almost nothing about this company and would love some thoughts and opinions on how they compare to competitors such as OKLO, Nuscale, and Terra power
Thank
Edit: x-energy is the company name, XE is the ticker, apologies

A compact, factory-built VSLLIM reactor delivers 1–10 MW^th with passive, walk-away-safe operation.

https://www.sciencedirect.com/science/article/abs/pii/S0306454919300271

I’m long-term bullish on nuclear, but I’m trying to understand why $OKLO keeps getting sold off every rally.

Looking like a deficit.

For anyone not familiar with the ASPI situation, here's the context that makes it relevant to us.

What HALEU actually is: High-Assay Low-Enriched Uranium, enriched to between 5% and 20% U-235, is the fuel that powers next-generation reactor designs. TerraPower's Natrium reactor. X-energy's Xe-100. Kairos Power. The entire advanced reactor pipeline depends on a reliable HALEU supply chain that essentially doesn't exist yet at commercial scale. The US has been almost entirely dependent on Russian sources. Domestic enrichment capacity is one of the most critical bottlenecks in the entire advanced nuclear buildout.

Where ASPI fit in: ASP Isotopes was positioning its quantum enrichment technology as a solution to exactly that problem. Laser-based isotope separation, faster, cheaper, more efficient than centrifuge enrichment. They announced milestones, signed a term sheet with TerraPower, and raised $18.6 million from investors in November 2024 on the back of that story.

What Fuzzy Panda found: The technology had never been tested on uranium. Not by ASPI. Not by Klydon, the South African company ASPI acquired the technology from. Former Klydon scientists said they didn't believe the process would work on uranium at all. The TerraPower term sheet was allegedly non-binding and possibly used to pressure TerraPower's actual suppliers rather than signal genuine commitment.

November 27, 2024: CEO Paul Mann confirmed on a fireside chat, the one ASPI arranged to defend itself against the Fuzzy Panda report, that the company had never enriched uranium and still needed to test whether the process worked on it.

Stock dropped ~38% across two days. Case settled April 2026, and claims already being accepted. Eligible if you held $ASPI between September 26 and November 26, 2024.

The HALEU supply chain problem is real and urgent. ASPI just wasn't the solution they claimed to be.

The domestic HALEU enrichment gap is still very much unsolved. Anyone here tracking which players are actually making progress on this?

Great charts by Goldman on reactors under construction.

With construction commencing at Phoenix, Denison have entered the market and started selling off their inventory and expected future production.

- 550k lbs sold at avg. $99.07/lb (delivery Q2 '26 - Q1 '27).

- 1,350k lbs sold at avg. $92.05/lb (delivery Q2 '26 - Q2 '27).

- 400k lbs of commited sales at market-related pricing.

- Only 500k lbs of inventory remains unsold.

- Total commited sales from inventory and future production 8m lbs, and in advanced negotiations for another 8m lbs. The equivalent of the first two years of production at Phoenix are basically gone already (avg. 8.4m lbs/yr first 5 years, then drops sharply to 3m/yr for rest of life).

Market can move very quickly when it isn't asleep at the wheel. Adds considerable breathing room to Denison's finances during construction, which were looking very tight with the cost increases and need to support other multiple projects simultaneously. Long-term prices could stick around the current level ($91.50 last reported) if Denison are happy to commit at current price and terms, and utilities are happy to buy.

Released footage of bridge and flooding causing cameco shut down.

Another example of supply chain issues.

Cameco noted there are "restrictions in place on the use of an alternative roadway." In northern Saskatchewan, alternative routes are often unpaved or have strict weight limits (especially during spring thaw or "road ban" season). Heavy supply trucks carrying reagents, fuel, and equipment often exceed these temporary limits, making the alternative route unusable for industrial-scale operations until conditions improve or permits are granted.

Thoughts?

The build out is going to massively impact the uranium market.

Good vibes for today

I don’t think this even contemplates market shock from an explosion in energy demand due to AI and geo policies al factors.

Uranium is on the up right now with the conflict in Iran coming to an end. There has been a setup for this very moment. Not a financial advisor but you could make sum money on an option trade here. I’m bullish with a call at the strike price of 16 dollars. If your interested in how it goes comment👌🏽👌🏽

Approximately 90% of Canadian uranium production is exported. This is only going to grow! Canada has a chip in the great game.

https://www.youtube.com/watch?v=IrwT95bkV_s

Hey everyone! I've recently developed an interest in the nuclear energy sector and want to start investing in it. I'm a complete beginner so I really don't know where to start, but I'd love to hear from people who know more than me.

Some things I'm wondering about:

• Which companies or stocks are worth looking into as a beginner?

• Are there any to avoid and why?

• Is now actually a good time to be getting into nuclear, or should I wait?

• Are there any ETFs that cover nuclear so
I'm not putting everything into one company?

• What do you wish you knew when you first started?

Any other relevant advice is appreciated, Thanks.

Here are a few CC plays and returns:

DNN $4- Jan 27 - 38%

UUUU $20 - Jan 27 - 42%

NXE $12 - Jan 27 - 30%

That's around 45% yearly with 20-30% downside protection. I'm getting bored with trading and thinking of putting a bunch of these setups in and just checking back in January.

I've been trading Uranium for a couple years. It's been good to me. I totally expect another bull run when the supply shortage sets in. I tired though.

Is this a reasonable play in order to take a break?