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Nuclear Update Premium October 4, 2025
The melt-up rolls on. Stocks keep climbing, volatility’s asleep, and anyone waiting for a correction is still waiting. Even a government shutdown couldn’t rattle markets, liquidity remains king, and the crowd’s starting to believe it.Meanwhile, uranium just printed a 17-year high on the term price, SPUT keeps stacking, and new nuclear builds are ramping faster than expected. Utilities might be asleep at the wheel, but the fundamentals aren’t.
⚛️Fluorspar: The Key Mineral for Enrichment
This is not the weekly update, that one will hit your inbox on Monday. Today we’re doing another deep dive, and this time we’re zooming in on one of the most overlooked choke points in global energy security: fluorspar. Without it, enrichment stalls, reactors go quiet, and the rest of our clean energy plans start to wobble.
Nuclear Update Premium September 27, 2025
Breadth is narrowing, small caps are weak, and defensives are rolling over. It’s the kind of setup that usually signals fragility, not strength. Yet markets keep grinding higher, because liquidity remains the dominant force, and the Fed’s recent shift has kept the tide moving. Meanwhile, uranium just flipped into backwardation for the first time in a year. Spot is running hotter than term, SPUT is cleaning out sellers, and YCA is upsizing to scoop pounds straight from Kazatomprom. Utilities are getting cornered, and sentiment is running hot.
Nuclear Update Premium September 20, 2025
The Fed cut rates, but Powell wasn’t handing out party hats. Liquidity is flowing again, yet the caution in his tone reminded markets this isn’t a risk-free rally. Bonds and credit are cheering, cash is trash, and quarter-end positioning could pour even more fuel on the move. On the uranium side, pressure is building from every angle. Big trading houses are moving in, producers keep slipping, and Russia just unveiled plans for 38 new reactors. Add in extended sanctions on enriched uranium and utilities are running out of places to hide.
⚛️Thorium Reactors: A Deep Dive
This week, I’m writing to you from my honeymoon in South Africa, currently posted up in Cape Town, where the wine is excellent and the nuclear debates are still raging (in my inbox, anyway).But you didn’t think I’d skip a chance to nerd out about thorium, did you?