📈 Uranium market snapshot: Spot at $84.70 (no new prints). Iran deal headlines likely drive Monday open. Key watch: NXE (Rook I), CCJ, UEC, KAP (AGM). Demand signals building, supply still constrained to 2028. LT ($93) vs spot gap signals institutional distrust of spot pricing.
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Uranium market in one week:
→ Kazatomprom sales -40% (delivery timing, not demand)
→ TEPCO restarts first reactor since Fukushima
→ EU formally treating nuclear as a sovereignty issue
→ Spot price holds at ~$86.85/lb
All eyes now on Cameco Q1 earnings — May 5.
#uranium
@uraniuminsider The arrangement is a letter of intent, not a final nationalization deal. Belgium and Engie want to complete due diligence and aim for a broader agreement by 1 October 2026, regulatory approval is still required.
📈 MARKET SNAPSHOT
Spot: $86.75/lb (UxC April month-end fix — no smash, clean print)
Spot +29% YoY, +3.5% over 30 days
CCJ down ~6% into earnings week — May 5 Q1 results are the next catalyst
Consensus EPS: $0.29 (+163% YoY)
🧵 URANIUM MORNING BRIEFING — April 30, 2026
Bangladesh just became the 33rd country to go nuclear. Fuel loading began at Rooppur Nuclear Power Plant on April 28 — with the IAEA chief AND the Rosatom CEO both standing at the ceremony.
Here's what's moving in uranium today 👇
🇮🇴 IOWA: GOOGLE JUST BOUGHT 25 YEARS OF NUCLEAR POWER
NextEra is restarting the Duane Arnold nuclear plant under a 25-year PPA with Google for AI data center load. Cost: $1.6B. Target: 2029.
First US nuclear plant explicitly restarted for hyperscale AI demand.
The billion-dollar SMR (Small Modular Reactor) revolution has a fatal flaw: the world is running out of HALEU fuel, and right now, Russia holds the keys to the only commercial gas station on Earth. https://t.co/bJ5HYVDpwB #uranium#NuclearRenaissance@U308Unleashed#smr#invest
🚨 Uranium daily update — April 29 Trump posts an AI assault rifle pic: "No more Mr. Nice Guy" — warning Iran to "get smart soon." US is now preparing for a LONG port blockade. IAEA confirms 440kg of near-bomb-grade uranium sitting in Isfahan tunnels.
🇺🇸 America now has TWO active uranium mines. Ur-Energy's Shirley Basin ISR started operations in Wyoming. 9.1M lb resource | 2M lb/yr capacity | 9-year mine life. + White House fast-tracking HALEU — targeting criticality in 3 advanced reactors by July 4. 🎆