Going Nuclear with Justin Huhn and Trevor Hall

Joe Kelly, CEO of Uranium Markets, shares his rich expertise in the uranium trade and dissects current supply and demand dynamics. He delves into the challenges utilities face with Russian restrictions on enriched uranium and offers insights on procurement strategies. The discussion also covers potential market catalysts and the impact of policy changes on nuclear energy's future. With a spotlight on price volatility and evolving market trends, Kelly paints an optimistic picture of the industry's renaissance amidst geopolitical complexities.

Justin Huh connect with Cory Fleck for an important discussion on the developments out of the US nuclear energy space. Microsoft has signed a power purchase agreement with Constellation which will also revive the Three Mile Island power plant in Pennsylvania. Justin and Cory talk about the growing demand for electricity and why this is an important decision to supply this demand.

Fabi Lara, a well-known contrarian investor specializing in uranium equities, joins the conversation on the current, quiet state of the uranium market. They discuss the psychological resilience required for success in a dull market and the oversaturation of exploration companies. The trio highlights the upcoming demand from utilities and potential catalysts for price growth. Insights into supply-demand fundamentals and the feasibility of a future bull market in uranium stocks make for a compelling discussion about navigating this unique investment landscape.

The conversation explores the confluence between the utility and technology sectors in the context of nuclear energy and the growing demand for electricity. Justin and Trevor highlight the increasing electricity demand driven by the growth of data centers and AI technology. Tech companies, such as Microsoft, are making moves to generate their own power and resources, including building data centers powered by nuclear energy. The conversation also touches on the role of regulation and policy in supporting the growth of nuclear energy and addressing the challenges of meeting energy demand. The potential migration of data centers to regions with abundant resources, such as the Western US, is also discussed. The conversation concludes with a discussion on the labeling and nuances of renewable energy and the need for a deeper understanding of the environmental and societal impacts of different energy sources.

In this episode of Going Nuclear, Trevor and Justin discuss the implications of the US ban on uranium imports from Russia. They explore the challenges this ban poses for utilities and the potential impact on the price of uranium. They also delve into the recent performance of uranium equities and the technical breakouts in the market. The conversation then shifts to NextGen Energy's controversial decision to take on debt to buy pounds of uranium on the market. Justin provides insights into the company's strategy and the potential benefits of holding physical inventory. Overall, the episode highlights the evolving dynamics in the uranium market and the opportunities and challenges for investors.

Jenifer Avellaneda Diaz, a nuclear energy advocate and engineer for Westinghouse, discusses her passion for nuclear energy and the misconceptions surrounding it. She emphasizes the safety and security of nuclear power and the need for accurate information. Jenifer also talks about the shift in sentiment towards nuclear energy and the growing support for it globally. She highlights the importance of reusing spent fuel and the potential for small modular reactors. Jenifer encourages people to advocate for nuclear energy and contact lawmakers to support its growth. She also mentions the need for a skilled workforce in the nuclear industry.

Kuppy, CIO of Praetorian Capital and author of Kuppy’s Korner blog, is renowned for his sharp insights into uranium market trends. He shares the fundamental shifts that spurred uranium prices from $18 to $106 per pound, asserting that the move could go even higher but warns of volatility along the way. Kuppy contrasts speculative excitement with the realities of supply chains and urges utilities to act swiftly. He also clarifies how rising prices affect energy budgets, emphasizing that fluctuations are part of the natural market dynamics.

Doomberg, an outspoken supporter and critic of nuclear energy, discusses the potential challenges of nuclear energy in 2024 due to a fossil fuel energy glut. The podcast also explores the state of the uranium market, production issues in Kazakhstan, and France's plans for new nuclear plants. They discuss the cost of nuclear energy, its potential for growth, and the role of nuclear power in decarbonization.

We're back to wrap up the final year of the Going Nuclear Podcast with Justin and Trevor. No guest today as the two focus on the incredible year of nuclear energy and uranium equities. Justin opens up about the House Bill which passed to ban the importation of Russian enriched uranium into the US. There are, however, some caveats to this story. All this while the world continues to accept nuclear energy as the best-case scenario for the future of base load energy.

In this episode we welcome in Harry Keeling, Head of Industrial Markets with Rolls Royce Small Modular Reactors. Mr. Keeling provides a backdrop of how Rolls Royce began developing is SMR technology and how it plans to implement its vision with Great British Nuclear well into the year 2050. Mr. Keeling shares insights with Justin and Trevor about the global adoption of SMRs, Rolls Royce's competitive advantage in the SMR marketplace, and why its technology is uniquely adaptable to both current energy infrastructure and future builds.