Market videos

Uranium executive Scott Melbye argues the sector’s selloff with AI stocks overlooks demand from existing reactors and projects already being built. In this Kitco interview, he cites 440 operating reactors, 70 under construction and a projected 1.7 billion pound uranium deficit over the next 20 years, even without another data-centre reactor. He says utilities are seeking more long-term contracts but finding fewer offers. Melbye also describes U.S. defence demand of 4 million pounds annually from 2030 and UEC’s planned 10,000 metric ton refining/conversion facility; project execution remains essential.