Uranium is becoming significantly scarcer

At the end of 2025, spot prices for uranium in the US were around US$82 per pound, according to Canadian uranium producer Cameco. This was around 12% higher than a year earlier. Long-term price contracts are currently approaching the $100 mark. Uranium consumption exceeds production, resulting in a growing structural deficit. Small modular reactors are increasingly being planned and built. Data centers and artificial intelligence are booming and consuming more and more electricity.

Uranium mine production has reached historic lows, especially in the US. Even if it grows again, it is estimated to amount to approximately one million pounds, while US consumption accounts for more than 50 million pounds of uranium. The gap in US uranium supply has been offset in recent years by imports and inventories. Incidentally, imports from Russia will be further restricted from 2028 onwards. The EU also wants to ban uranium imports from Russia. As a result, the price of uranium is expected to rise in 2026.

Another factor contributing to the supply imbalance for uranium is increasing purchases by investors. In any case, new nuclear reactors will begin operating in the US, China, India, and Turkey in 2026. Measures taken by the US government to revive nuclear energy production favor US uranium companies.

Premier American Uranium – https://www.commodity-tv.com/ondemand/companies/profil/premier-american-uranium-inc/ – has uranium projects in five excellent regions in the US. With its extensive land holdings, the company is ideally positioned.

Uranium Royalty – https://www.commodity-tv.com/ondemand/companies/profil/uranium-royalty-corp/ – is unique for investors seeking diversification, as it is the only royalty company in the uranium industry. The company recently added a royalty on two uranium projects in Saskatchewan to its portfolio.

Current company information and press releases from Premier American Uranium (- https://www.resource-capital.ch/en/companies/premier-american-uranium-corp/ -) and Uranium Royalty (- https://www.resource-capital.ch/en/companies/uranium-royalty-corp/ -).

Further information is also available in our new uranium report at the following link: https://www.resource-capital.ch/de/reports/ansicht/uran-report-2025-11-update/.

Sources:

https://www.reuters.com/markets/commodities/is-us-uranium-market-about-go-nuclear-2026-2026-01-14/;

https://www.ad-hoc-news.de/boerse/news/ueberblick/eu-sanktionen-rosatom-erstmals-im-visier-mit-uran-importverbot/68442805#google_vignette;

https://www.resource-capital.ch/de/reports/ansicht/uran-report-2025-11-update/.

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