U.S. Nuclear / Uranium – Overnight & Night-Session Wrap
Macro Spark
At the IAEA General Conference in Vienna, U.S. Energy Secretary Chris Wright formally asked Congress to expand the Strategic Uranium Reserve (SUR) and set an 8-15 year commercial-fusion timeline—the first ever from DOE.
Spot U₃O₈ leapt to US $70.25/lb (+6.3%), its highest since Fukushima, as utilities scrambled to replace Russian SWU before the 2028 import ban.
AI power demand: $Meta Platforms, Inc.(META)$ , $Amazon.com(AMZN)$ and $Alphabet(GOOG)$ have signed >7 GW of 20-year nuclear PPAs YTD; SMRs are the only 24/7 carbon-free option that fits data-center footprints.
Note: photo generated by AI
Leaders – Overnight (15 Sep) & Night-Session (16 Sep, 19:00 ET)
Ticker | Monday | Key Catalyst |
|---|---|---|
+15.8 % | Largest U.S. uranium producer; already delivers to SUR; White Mesa Mill can re-process tails and co-produce REEs. | |
+10.9 % | Lowest-cost ISR mines in South Texas & Wyoming; restart slated Q4-25. | |
+10.5 % | Global #1 miner; 55 Mlb of long-term utility contracts, mostly U.S. | |
+13.0 % | Fast-spectrum SMR + fuel-recycler; backed by OpenAI’s Sam Altman; fusion spill-over. | |
+7.2 % | Only U.S. HALEU enrichment line; direct substitute for Russian SWU. | |
+9.0 % | 285 Mlb high-grade resource in Canada; take-out target for CCJ. |
ETF Scoreboard
Ticker | Monday | Remarks |
|---|---|---|
+7.5 % | 20 % CCJ, 14 % Sprott Physical U, 6 % UUUU. | |
+5.2 % | Blend of miners + U.S. utilities (Constellation 9 %). | |
+6.1 % | Spot-U proxy; trading at 4 % premium to NAV. |
Thesis in One Sentence
Washington is turning uranium into a strategic metal—reserve buying, Russian bans and AI-driven PPAs are simultaneously hitting a supply pipeline that was starved for a decade.
What to Watch Next
FY-26 budget line: House markup for SUR expected ≥ US $240 m (due Oct).
UxC spot U₃O₈: > US $75/lb would force utilities to re-price legacy contracts.
UUUU restart news: La Sal & Daneros mines (500 tU/y) scheduled Q4-25.
Next AI PPA auction: Meta/AWS RFP for 1 GW SMR fleet (award Dec-25).
Risks
Violent uranium price swings, mine restart delays, fusion tech pivots, higher real rates pressuring high-beta resource names.
(Data: Bloomberg, TradeAlert, UxC as of 16 Sep 2025 03:00 UTC. Not investment advice.)
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