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US uranium contracting wave is coming, Eagle Nuclear Energy CEO says
['Amanda Stutt']
MINING.COM
Work at the Aurora uranium project.
Eagle Nuclear Energy (NASDAQ: NUCL) has been added to the Solactive Global Uranium & Nuclear Components Total Return Index, qualifying the company for inclusion in the Global X Uranium ETF (NYSE Arca: URA)— which manages over $5 billion in assets.
The company is advancing the Aurora uranium project, which it says is the largest mineable uranium deposit in the US on a land package that spans the Oregon-Nevada border.
Uranium is a crucial source of reliable baseload power as nuclear energy, and the US requires an estimated 32 million pounds of uranium annually for its current nuclear reactors.
Aurora targets early 2030sEagle is advancing the Aurora uranium project as part of its strategy to combine domestic uranium supply with advanced reactor technology.