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Uranium prices are experiencing significant momentum due to structural demand from nuclear power and investment funds. The growth of AI data centers is increasing the need for consistent energy supply from nuclear power, driving uranium demand.

US President Donald Trump signed the 'Section 232 Proclamation' to secure critical mineral supply chains, including uranium. The US Department of Energy allocated $900 million to enhance domestic enrichment capacities. Uranium Energy reported strong Q1 2026 results with significant production, highlighting the attractive US uranium market.