Geopolitics and Energy Security: Scott Melbye on Russia’s Uranium Ban and U.S. Strategy

Russia’s uranium export ban has sent shockwaves through global energy markets, exposing critical vulnerabilities in U.S. energy security. Scott Melbye, Executive VP of Uranium Energy Corp (UEC), discusses the urgent need for a domestic uranium fuel cycle to counter reliance on foreign suppliers like Russia and Kazakhstan. With uranium prices topping $100 per pound and a significant supply deficit, Melbye explores strategies to meet rising nuclear energy demand.

He also highlights UEC’s leadership in North American uranium production, from restarting mines in Wyoming and Texas to advancing Canada’s Rough Rider project. Melbye examines the role of nuclear power in the green transition, the rise of small modular reactors (SMRs), and the potential boost from President-elect Trump’s pro-energy policies. Don’t miss these key insights into the future of uranium and nuclear energy.

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00:00 Introduction
00:41 Uranium Market Insights
01:52 Geopolitical Risks and Uranium Supply
04:04 Future of Nuclear Energy and UEC's Role
06:34 Challenges and Opportunities in Uranium Mining
09:27 Outlook for the Uranium Market
14:58 Conclusion

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