Uranium Unleashed Podcast

⚛️ Uranium Unleashed: The $50 Billion Catalyst Week (Sept 28 – Oct 2, 2026) Three independently market-moving events could arrive within a single five-day window as October opens. With physical spot prices holding at $89.50/lb and term contract pricing sitting at an all-time high of ~$96.50/lb ($7.00/lb premium over spot), the market is watching whether incoming corporate data and strategic announ...

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Episode Overview This week brings an unusually dense collision of major corporate catalysts, geopolitical shifts, and price-confirmation milestones across the nuclear fuel sector. As uranium tests a $90 per pound spot price floor , hosts Alex and Jamie walk through the hard calendar, unconfirmed market developments, geopolitical friction points, and an unscheduled $50 billion wild card that could...

Episode Overview The story of the uranium market this week is not the spot price—it is the widening gap between what utilities pay to secure material four to five years forward and what traders bid for immediate supply. TradeTech’s long-term indicator printed at $97.00/lb , surpassing the previous long-term contract nominal peak of $95.00/lb set between May 2007 and March 2008. With spot lingering...

Show Notes China's nuclear construction program remains the world's largest and fastest-expanding power buildout. As of mid-September 2026, the country operates approximately 63 commercial power reactors (~64 GWe total capacity) with another 38 to 40 large-scale units under construction across more than a dozen sites. Under the 15th Five-Year Plan approved in March 2026, Beijing targets 110 GWe of...

Show Notes Overview & Episode Summary Uranium closed last week at $90/lb—its highest level in nearly two years—following the World Nuclear Association (WNA) Symposium in London. With the conference delegates heading home, the market faces a critical test week to determine whether $90 represents a durable price floor or a temporary conference bounce. Hard Calendar — Confirmed Catalysts Thursday, Se...

This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit uraniumunleashed.substack.com/subscribe

Episode Description The uranium market enters the second week of September with powerful momentum, sitting at a six-month high of $89.50/lb. As the entire nuclear industry heads to London for the World Nuclear Association (WNA) Symposium, we stand at a critical inflection point. Is this the week the market stops flirting with $90 and starts treating it as a floor? In this episode of Uranium Unleas...

This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit uraniumunleashed.substack.com/subscribe

Episode Description Are nuclear utilities making a multi-million dollar miscalculation? This week, we dive into the high-stakes game of chicken playing out in the global uranium market. While spot prices hover at $89.85/lb U₃O₈ , long-term term indicator prices have stretched to $97/lb —creating a striking $9/lb term premium . Utilities are aggressively delaying replacement-rate contracting, betti...

The uranium market enters September with serious wind in its sails. After months of sideways consolidation, the weekly spot price closed at $89.50/lb —a massive $1.75 jump since mid-July, the highest reading in six months, and sits within reach of the $90 psychological threshold. In this episode, we outline why the week of August 31 is the ultimate test of the supply-side thesis. While we don't ha...

The $88 Breakout: NECX Dallas, Paladin Results, and the Uranium Week Ahead After a six-month grind at $86.50, the spot market is finally on the move—just as the nuclear industry’s major players gather in Dallas. Show Notes The Six-Month Ceiling Shatters: The consolidation that defined the uranium market from February through the summer has officially ended. With TradeTech's weekly spot price indic...

Episode Show Notes Episode Summary This week, the conversation around the Western nuclear fuel cycle shifted from structural policy to physical reality. From a milestone federal groundbreaking in New Mexico to the first commercial shipment leaving a Wyoming mine restart, the capital committed earlier in the year is officially being converted into physical domestic capacity. We analyze these ground...

Episode Overview The uranium market enters a pivotal week driven by crucial corporate earnings, high-stakes utility conversations, and technical price levels that could validate or challenge the central narratives of this cycle. This episode breaks down the core forces in play—from the sidelines of the American Nuclear Society (ANS) conference to the balance sheet of the world’s largest producer....

Episode Summary While the industry giants grab the headlines, the real story of the uranium bull market is being written by the mid-tier producers, developers, and explorers. In this episode, we unpack the week ending August 14, 2026, exploring how the sector's smaller players are navigating the physical frictions of mining, major corporate restructurings, and the operational realities of scaling...

Episode Overview In this episode of Uranium Unleashed , we break down a watershed week where the equity capital markets, the term contracting desk, and a major operational update converged to deliver a single clear message: institutional capital is pricing the Western nuclear fuel-cycle deficit far faster than the spot market. We explore how the world’s most strategic nuclear owners are shifting t...

EPISODE OVERVIEW After a month of flat-line trading at the $86.00 mark, the uranium spot market finally flashed a sign of life this week, ticking up to $86.90. But the real action is happening beneath the surface in the Q2 earnings prints. This mid-week review breaks down the fascinating, divergent tales of two producers: Ur-Energy , which is pumping record domestic pounds but selling them at a ma...

Episode Overview The uranium market enters a pivotal week under a darkened geopolitical sky. With the US-Iran ceasefire functionally dead, the naval blockade reimposed, and the Strait of Hormuz variable live again, the spot market sits at a tense four-week flat of $86.50/lb. In this episode, we break down why the Middle East escalation is making nuclear energy security visceral for utility boardro...

Episode Description In this episode, we break down China's sudden approval of eight new nuclear reactors across four coastal provinces and explore why this is a massive structural game-changer for the global uranium market . We analyze Beijing's aggressive stockpiling strategy, their $5.8 billion fuel import surge, and how state-backed supply capture in Namibia, Kazakhstan, and Russia is quietly s...

Last week's earnings binary is officially behind us, and the structural thesis for uranium has never been stronger. In this episode, we dive deep into why Cameco’s Q2 earnings "miss" is actually a major bullish signal for the sector. We look past the backward-looking EPS headline to the number that actually validates the uranium bull market: a record-setting realized price and raised full-year gui...

Episode Description & Show Notes The uranium spot price has been consolidating in a tight band around $86, leaving many retail investors wondering if the nuclear thesis has stalled. But behind the scenes, a massive divergence is opening up. Long-term term contracts are printing near $150 per pound—a staggering 74% premium over spot. In this episode of Uranium Unleashed , we break down Issue #31 of...

Episode Overview & Show Notes In this mid-week review, we break down three explosive days in the nuclear sector. While equity markets experience pre-earnings jitters, the structural architecture of the domestic uranium thesis has never been stronger. Key Topics Covered: The Mega-Campus Shortlist: The US Department of Energy's monumental announcement naming Utah, Tennessee, Oklahoma, Louisiana, and...

Show Notes Episode Summary: As of mid-2026, China is a close second in terms of nuclear capacity with about 125 GW of electricity generation from operating reactors plus those under construction. In this episode, we’ll discuss the sheer scale of China’s nuclear build-up, presenting aggregated figures for the fleet and reviewing significant project milestones achieved in recent months. We will also...

Episode Overview This week is shaping up to be a convergence week for the uranium space, as a key structural catalyst and a geopolitical de-escalation attempt unfold on the same week. On the structural side, Cameco reports Q2 earnings on Friday, representing the first major producer report post the recent supply disruption normalization. At the same time, a de-facto ceasefire is being tested betwe...