In the 39th installment of The Atomic Exchange Podcast, co-hosts Dr. Goran Calic and Michael Tadrous welcome back Matt to continue discussing Project Phoenix. After a quick recap of last week’s forging choke points, they shift to the operational side: fuel. Together they follow the path from mining, milling, conversion, enrichment, to reprocessing and ask what would count as proof that North America can supply a much larger fleet. They set the stakes with why more electricity is needed now, from decarbonization and electrified heat to the rise of AI data centers, then explore how small modular reactors, standardization, and a rebuilt domestic industrial base could accelerate delivery. Tune in for a tour of supply chains, institutions, and a pragmatic path forward.