Tech Giants Turn to Nuclear for AI's Hunger for Power- Amir Adnani

Jeremy Szafron, Anchor at Kitco News, interviews Amir Adnani, President and CEO of Uranium Energy Corp, about the latest insights into the uranium market. Adnani talks about new energy sector dynamics and what the future holds for nuclear energy and uranium production. Adnani also touches base on new technology in the nuclear space, such as SMRs and their use in providing power to AI technology. Adnani also speaks to the industry's challenges and opportunities, the impact of global energy demands, and the strategic moves shaping Uranium Energy Corp's path forward in this rapidly evolving market.
Coverage of PDAC 2024 is brought to you by GoldMining Inc., Uranium Energy Corp, Gold Royalty, and the Uranium Royalty Corp.
Follow Jeremy Szafron on X: @JeremySzafron ( / jeremyszafron )
Follow Kitco News on X: @KitcoNewsNOW ( / kitconewsnow )
Follow Amir Adnani on X: @AmirAdnani ( / amiradnani )
00:00 - Introduction
00:04 - State of the Uranium Market in 2024
00:31 - Supply, Demand, and Price Dynamics
01:01 - The US Uranium Supply Deficit
02:24 - Advancing Uranium Production in the US
03:20 - Environmental and Economic Advantages of Uranium
04:03 - Political and Global Market Influences
06:20 - AI and Energy Consumption Trends
08:15 - The Role of Small Modular Reactors (SMRs)
09:12 - Future Directions for Nuclear Energy
#uranium #uraniummarket #smrs #nuclearenergy #nuclearpower #commoditiesmarket
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[@martinz6445]

Saskatchewan, Canada and Russia are the biggest and best Uranium producers

[@sashaliss2962]

I think Uranium will cool down for now....may be it will pickup again in a year ir two

[@russiachinanorthkoreastatetv]

Nah it’s going to set a floor … Russias sanction & the fact that there are uranium miners who failed to deliver their orders & are having to buy on the open market …. The supply is very limited & miners are neglected by retail investors… uranium long & strong

[@valentinorossi7019]

Where is Michelle?

[@berhanegebriel3155]

Is the Uranium market open to African nations without ANY Limitations ?

[@brian6x]

For a reality check, read this article: "Clean energy transition sparks nuclear reaction" published May 25, 2023 by David Suzuki with contributions from Senior Editor and Writer Ian Hanington.

[@KatyYoder-cq1kc]

NOW ON LIFE SUPPORT, PLEASE HELP: Cease and desist all malicious use of AI, death threats, rape by lesbians et al., 24/7 harassment and physical abuse: global supremacists, terrorists, communists. I am not your property. My house was broken into, I was given chemicals 3 years ago that caused brain damage and my children and pets were also given chemicals that re-engineered our systems - this was without consent and is an international attack. Please report at the highest level of government and security

[@codacoda565]

It can't be too hard they already have them on nuclear submarines

[@martinlang9615]

I guess nuclear waste is now irrelevant. All is good until the storage facility and all the nuclear power stations get “compromised” by geological/earth cycle events. Profits always come first.

[@mmmjd-usa]

🤣🤣🤣 back to square one. Guess who has a whole lot of Uranium ... guess ... wait for it ... RUSSIA!!!

[@bcdinvestmentgroupinc4788]

Canada

[@Mis-AdventureCH]

As does Chad, Niger, and maili. And lets not forget the Clinton sale of massive stocks of US UR to the evil Pootin.

[@shaynebernard]

Australia

[@nilsuran3556]

Namibia

[@kyefang8278]

This guy is here to pump SMR, not really for Uranium. It's very misleading. If you look at NuScale's latest estimated costs for 0.7GeW unit proposed, which was put out some time ago, it was close to $10 billion. That's not much cheaper than building a full blown reactor.

[@ancoliemartelly9635]

I think Kitco uses AI bots as news anchors 😂

[@brian6x]

Environmental footprint is very small* lol (* = not including nuclear waste)

[@lotfyken2759]

Hey Amir Kadir, how is the pump and dump in goldmining inc doing ? NEVER BUY A COMPANY THIS GUY IS INVOLVED IN.

[@bcdinvestmentgroupinc4788]

UEC & UROY look ok.

[@socalsilver6397]

I’m only up 448% on UEC. Yeah, stay away from his companies. 👀 Most Au miners are not doing well. Especially the riskiest, Jr miners.

[@lotfyken2759]

@@socalsilver6397 i will not enrich pump and dumpers like you

[@socalsilver6397]

@@lotfyken2759 I’m not a pump & dumper. I buy and hold until I make cash. Otherwise, I use names like GoldMiningInc for tax loss. I’m guess your a bag holder?

[@wimvanaerde6249]

I have kazatomprom and Denison and cameco and uuuu and uec comments please 🥺