How the Recent Executive Orders Might Impact Uranium Prices

On May 23rd, President Trump signed an executive order to rapidly deploy advanced nuclear technologies to support national security objectives, including powering artificial intelligence, computing infrastructure, and national security installations. How would that impact uranium supplies, prices, and the uranium miners?

Well, this has been a long-awaited decree from the Trump administration in terms of their views and policies towards nuclear energy, which the market's been waiting for. We're very glad to see these executive orders come out. I think what's most exciting is they really build on what the previous administration was trying to do, which is to reinvigorate an industry that was kind of forgotten about for a long time.

These four orders really do that. They take a very holistic approach, everything from upstream mining of uranium to the processing of fuel to building new plants. Obviously there's a lot of permitting and regulatory reform that needs to happen. It's a very holistic approach that should benefit the sector and help the US reestablish its leadership position, which it's held for decades.