Record Contract Prices Put America’s Domestic Uranium Gap Back in Focus
Key Highlights
- ➤Long-term uranium prices reached $96.50 per pound, exceeding the 2007 peak
- ➤U.S.-Korea framework contemplates up to $120 billion for eight reactors
- ➤Eagle Nuclear reported $25.5 million cash and no interest-bearing debt
- ➤Denison began full-scale construction at its Phoenix uranium mine
- ➤IsoEnergy invested US$33 million and retained about 33% of DISA Uranium
- ➤NANO Nuclear agreed to acquire deconversion assets for $9.5 million cash and $4.0 million stock
Expert Statements
Mark Mukhija, CEO of Eagle Nuclear
“Eagle continues to build momentum since its public debut in February 2026, advancing initiatives and building partnerships that will position Eagle to become a key contributor to the long-term security of America’s domestic nuclear fuel supply chain”
Dan Sumner, President and CEO of Westinghouse
“Today’s announcement marks a defining moment for the future of U.S. nuclear energy and for the longstanding partnership between the United States and the Republic of Korea”
David Cates, President and CEO of Denison
“Achieving these positive early results demonstrates the readiness and commitment of Denison and our construction partners”
RENO, Nev., Oct. 15, 2026 (GLOBE NEWSWIRE) -- Wall Street Investor News Commentary - The price utilities agree to pay for uranium years in advance ended September at $96.50 per pound, above the $95 peak reached in 2007, while the spot price closed the month at $89.63, according to figures published by Cameco. The same month, the United States and the Republic of Korea announced a framework under which Korea would commit up to $120 billion to help finance eight large reactors on U.S. federal sites. Demand is being written into long-term plans, and the question for the U.S. market is how much of the fuel for that buildout will come from domestic deposits. Companies mentioned in today’s commentary include: Eagle Nuclear Energy Corp. (NASDAQ: NUCL), Brookfield Asset Management Ltd. (NYSE: BAM), Denison Mines Corp. (NYSE American: DNN), IsoEnergy Ltd. (NYSE American: ISOU), NANO Nuclear Energy Inc. (NASDAQ: NNE).
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