#United States #Trump administration #Corpus Christi #Uranium Energy #Nuclear Expansion

Uranium Energy Corp Celebrates Trump's Executive Orders for Nuclear Expansion

On May 27, 2025, Uranium Energy Corp (NYSE American: UEC) issued a statement expressing strong support for the recent executive orders signed by President Donald J. Trump. These orders are set to dramatically reshape the future of the U.S. nuclear industry and secure the domestic uranium supply chain in a move hailed as transformative for national energy security.

Significance of the Executive Orders

The executive orders invoke the Defense Production Act (DPA), emphasizing the importance of the U.S. nuclear fuel cycle as critical to national security. The federal government aims to boost nuclear capacity from approximately 100 gigawatts (GW) in 2024 to an ambitious 400 GW by the year 2050. This strategy envisions collaboration with the Department of Energy (DOE) to facilitate upgrades to existing reactors, construction of new large reactors, and the revival of closed plants.

Policy Highlights

• - Immediate Growth: The administration has set a target to add 5 GW of uprates at existing nuclear plants and initiate the construction of 10 new large reactors by 2030.
• - Domestic Uranium Supply Chain: To support this expansion, policies will be pursued to augment domestic uranium production, conversion, and enrichment capabilities.
• - Rising Uranium Demand: Current projections indicate that meeting this new nuclear capacity could increase U.S. uranium demand from 47 million pounds annually to approximately 190 million pounds, excluding initial core loads.

Amir Adnani, President and CEO of Uranium Energy Corp, emphasized the critical nature of this initiative. He stated, “We applaud the U.S. government's decisive action to revitalize the domestic nuclear industry. These Executive Orders send the strongest signal yet that energy security and national security start with a robust domestic uranium supply chain.”

The Current State of U.S. Nuclear Energy

Presently, the United States sources only 5% of the fuel for its nuclear reactors from domestic production. The fuel cycle has faced significant atrophy over the years, leading to increasing reliance on imports amidst a global supply deficit. The executive orders aim to reverse this trend by rejuvenating domestic capabilities across all facets—from mining to fuel fabrication.

Initiatives and Workforce Development

In addition to the nuclear industry revamp, the executive orders also emphasize workforce development. This initiative aims to broaden apprenticeships, enhance technical education, and facilitate access to national laboratory infrastructure, providing critical support for the next generation of nuclear professionals.

The orders call for the creation of industry consortia and DOE-backed programs to bolster the U.S.-origin uranium sector, marking a significant step towards achieving a fully integrated uranium supply chain.

UEC's Role in the Future of Nuclear Energy

As the largest and fastest-growing uranium supplier in the United States, Uranium Energy Corp is strategically positioned to contribute to this ambitious policy change. The company is advancing low-cost, environmentally friendly In-Situ Recovery (ISR) uranium projects nationwide and holds diverse uranium assets, including substantial reserves in Texas and Wyoming.

Recent operational restart initiatives, such as those at the Christensen Ranch Project in Wyoming, have further positioned UEC to meet escalating uranium demands as the country strengthens its nuclear capabilities.

In conclusion, these executive orders are an endorsement of a proactive national energy strategy. They highlight the significance of having a secure and reliable domestic uranium supply to navigate the challenges associated with energy security. The actions taken today are likely to shape the nuclear landscape for years to come, placing the United States back at the forefront of global nuclear energy development.

For further information, refer to the Executive Orders issued on May 23, 2025, available on the White House website.