With nuclear reactor builds currently outpacing new uranium mine supply and the rapid growth of AI and data centres is reinforcing the need for large-scale baseload power, uranium’s investment case does not rest on sentiment, finds Canadian uranium explorer Purecore in an investor report.
Drawing on insights from International Energy Agency (IEA), International Atomic Energy Agency (IAEA), US Energy Information Administration (EIA), Sprott Asset Management and Cameco Corporation, Purecore highlights a timing imbalance between the rapid development of AI infrastructure and the longer development timelines associated with new uranium mines.