Going Nuclear with Justin Huhn and Trevor Hall

Justin Huh connect with Cory Fleck for an important discussion on the developments out of the US nuclear energy space. Microsoft has signed a power purchase agreement with Constellation which will also revive the Three Mile Island power plant in Pennsylvania. Justin and Cory talk about the growing demand for electricity and why this is an important decision to supply this demand.

Trevor and Justin discuss the recent updates in the uranium market and nuclear energy sector. They highlight the quiet summer in the uranium market and the underperformance of equities. They also discuss the impact of the yen carry trade unwind and the overreaction to production increase in Kazakhstan. They mention the low trading volume in the spot and term markets and the upcoming events that could create pressure in the market. They emphasize the importance of seasonality and the expected increase in demand from utilities in the coming months.

The two hosts then welcome in Fabi Lara, a well recognized contrarian investor and mastermind of uranium equities. The conversation between Trevor, Fabi, and Justin revolves around the current state of the mining sector, particularly uranium stocks. They discuss the challenges of investing in a boring market, the contrarian mentality required for success, and the importance of understanding supply and demand fundamentals. They also touch on the oversaturation of exploration companies and the potential for a future bull market in the mining sector. Overall, the conversation provides insights into the mindset and strategies of successful mining investors. The conversation revolves around the long-term outlook for the uranium market and the factors that could impact its growth. The speakers discuss the potential for a sustained uptick in uranium prices, driven by a lack of supply and increasing demand. They also explore the influence of general commodities resurgence on the spot price of uranium and uranium equities. The conversation concludes with a discussion on the current market risks and the importance of trading against psychology.

The conversation explores the confluence between the utility and technology sectors in the context of nuclear energy and the growing demand for electricity. Justin and Trevor highlight the increasing electricity demand driven by the growth of data centers and AI technology. Tech companies, such as Microsoft, are making moves to generate their own power and resources, including building data centers powered by nuclear energy. The conversation also touches on the role of regulation and policy in supporting the growth of nuclear energy and addressing the challenges of meeting energy demand. The potential migration of data centers to regions with abundant resources, such as the Western US, is also discussed. The conversation concludes with a discussion on the labeling and nuances of renewable energy and the need for a deeper understanding of the environmental and societal impacts of different energy sources.

In this episode of Going Nuclear, Trevor and Justin discuss the implications of the US ban on uranium imports from Russia. They explore the challenges this ban poses for utilities and the potential impact on the price of uranium. They also delve into the recent performance of uranium equities and the technical breakouts in the market. The conversation then shifts to NextGen Energy's controversial decision to take on debt to buy pounds of uranium on the market. Justin provides insights into the company's strategy and the potential benefits of holding physical inventory. Overall, the episode highlights the evolving dynamics in the uranium market and the opportunities and challenges for investors.

Jenifer Avellaneda Diaz, a nuclear energy advocate and engineer for Westinghouse, discusses her passion for nuclear energy and the misconceptions surrounding it. She emphasizes the safety and security of nuclear power and the need for accurate information. Jenifer also talks about the shift in sentiment towards nuclear energy and the growing support for it globally. She highlights the importance of reusing spent fuel and the potential for small modular reactors. Jenifer encourages people to advocate for nuclear energy and contact lawmakers to support its growth. She also mentions the need for a skilled workforce in the nuclear industry.

Justin and Trevor welcome in Kuppy, CIO of Praetorian Capital and author of Kuppy’s Korner blog. Kuppy is one of the most outspoken investors who's known for being early into major asset moves. His uranium trade idea over the past few. years is not any different.

We talk about the fundamentals behind the spot price move in uranium, if the sentiment behind the move is too frothy, and why he thinks the end move will be much higher than where we are now, but with load of volatility in between.

Justin and Trevor welcome in Doomberg, the outspoken green chicken, in this latest episode of Going Nuclear. Doomberg over the past few years has been a supporter of growing nuclear energy systems in the West. But he's also become a little bit a critic. We dive into why he thinks nuclear energy might take a breather this year. In fact, he believe a fossil fuel energy glut might be the culprit to taming nuclear expectations, despite a continued run in the uranium spot price.

We're back to wrap up the final year of the Going Nuclear Podcast with Justin and Trevor. No guest today as the two focus on the incredible year of nuclear energy and uranium equities. Justin opens up about the House Bill which passed to ban the importation of Russian enriched uranium into the US. There are, however, some caveats to this story. All this while the world continues to accept nuclear energy as the best-case scenario for the future of base load energy.

In this episode we welcome in Harry Keeling, Head of Industrial Markets with Rolls Royce Small Modular Reactors. Mr. Keeling provides a backdrop of how Rolls Royce began developing is SMR technology and how it plans to implement its vision with Great British Nuclear well into the year 2050.

Mr. Keeling shares insights with Justin and Trevor about the global adoption of SMRs, Rolls Royce's competitive advantage in the SMR marketplace, and why its technology is uniquely adaptable to both current energy infrastructure and future builds.

Justin and Trevor connect for another installment of the podcast after a very wild and bullish month of September for uranium's spot market and its equities. The two cover a number of different topics which were foundational for the move higher in spot price, including a fundamental supply and demand problem for uranium moving forward.