U.S. Uranium Supply Deficit Drives National Push for Domestic Mining

U.S. Faces Urgent Uranium Supply Shortage Amid Growing Energy Demand

The U.S. faces a looming uranium supply deficit, as officials push for increased domestic production. Russia currently supplies about 25% of the enriched uranium needed for U.S. nuclear reactors. With rising demand, the government is working to secure a stable domestic uranium supply.

Uranium is vital for nuclear power, fueling 94 reactors that generate 20% of the nation’s electricity. However, in 2024, the U.S. produced only 677,000 pounds of uranium—just over 1% of its needs. This highlights the need for increased domestic uranium mining, especially as geopolitical tensions threaten foreign supply chains.

Eagle Energy Metals Takes Bold Step to Boost U.S. Uranium Supply

To address this challenge, Eagle Energy Metals is positioning itself to fill the supply gap. The company recently merged with Spring Valley Acquisition Corp. and is focused on uranium mining.

Eagle’s Aurora uranium project, located on the Oregon-Nevada border, holds over 50 million pounds of uranium. The company also acquired the Cordex deposit, which has additional resource potential. With a pro-forma equity value of \$312 million, Eagle is poised to support the U.S. government’s energy independence goals.

Small Modular Reactors and Rising Energy Demand

Eagle Energy Metals is also developing Small Modular Reactors (SMRs), a promising innovation in nuclear energy. These compact reactors are more flexible and efficient than traditional plants.

CEO Mark Mukhija predicts that energy demand will surge by 2050, driven by AI, quantum computing, and other technologies. He believes nuclear power is essential for providing stable baseload energy, especially as renewable sources like wind and solar remain intermittent.

SuperMetalPrice Commentary:

The U.S. is increasing uranium production to secure its energy future and reduce dependence on foreign suppliers. Companies like Eagle Energy Metals are key to meeting national energy and security goals. With the push for nuclear power, the U.S. aims to stay ahead in global energy competition while ensuring a reliable domestic energy supply.