Mike Fagan,
Editor
July 15, 2022
Think the current uranium boom is one for the ages… JUST WAIT because it’s only getting bigger!
The future of clean, carbon-emission-free nuclear energy — powered by US-mined uranium — is about to receive a boost like nothing we’ve seen before.
It all stems from a groundbreaking project by TerraPower — a privately held nuclear power innovator backed by Bill Gates.
The project has the potential to rewrite the narrative on nuclear energy generation in this country and perhaps the world.
As you’re likely fully aware… for decades now, it’s been near impossible to get a new nuclear reactor built in the United States.
The bottom line is that no one wants one of these behemoths (see below) in their own backyard… and for obvious reasons.
As one might expect, much of the negative public sentiment in the US still stems from the Three Mile Island accident in Pennsylvania from way back in 1979 and, more recently, from 2011’s Fukushima disaster in Japan.
To that end, the only oldish generation reactors currently under construction in the United States are in Georgia: now 6 full years behind schedule and a jaw-dropping $16 billion over budget, the Vogtle project (see below) has proved tough sledding so far.
Conversely, TerraPower’s next-generation reactor, currently under construction, has a total projected price tag of just $4 billion.
And it offers numerous other advantages as well.
Called Natrium (see below), the plant’s state-of-the-art tech — which has been in design for years and is the result of an ongoing collaboration between TerraPower and GE Hitachi — greatly mitigates the risk of nuclear meltdown.
One thing you’ll notice right away is that Natrium does NOT have that ominous looking containment dome most nuclear reactors are known for.
That’s because Natrium utilizes a highly advanced low-pressure cooling system — which runs 24/7 and uses molten sodium instead of water — enabling the reactor to be shut down in less than a second should any unforeseen issues arise.
It’s also tiny by comparison, requiring a much smaller footprint than the giant nuclear reactors of yesteryear.
In other words, it’s not the proverbial eyesore we typically equate with nuclear power plants of past design.
Oddly enough, Natrium is being constructed in the small town of Kemmerer, Wyoming — a longtime hub for coal!
For that reason alone, you might expect Kemmerer’s townsfolk to be collectively against the arrival of Natrium to their tiny town. Yet, that doesn’t seem to be the case at all.
The locals there understand that nuclear power is the future of clean energy in the United States… and they see the project as a conduit to sustainable, high-paying jobs in an emerging energy-tech that’s going to be around for the next 100-plus years.
They’re also well aware that the burning of coal releases a deadly mix of toxins into the atmosphere — including mercury, lead, sulfur dioxide, and nitrogen oxides — which can lead to a whole host of health problems like heart disease, lung disease, cancer, and neurological problems… not to mention global warming and acid rain.
On the complete opposite side of the spectrum, nuclear energy powered by uranium — which currently accounts for 20% of total US electricity and 50% of America’s clean electricity — does not produce any greenhouse gas emissions or air pollution… just clean, carbon-emission-free power!
Hence, nuclear power… along with renewables such as wind, solar, geothermal, and hydro… is the future of clean energy for our country.
Best of all, nuclear fission — the process that powers nuclear plants — produces true “baseload” electricity as it is not reliant on variables such as the sun and the wind.
That means it's on all of the time.
The primary issue, really, in terms of the advancement of nuclear power in the United States has centered around negative public sentiment and difficulties with obtaining project approval for new plants.
Yet, due to growing concern over global warming, sentiment is rapidly shifting in favor of nuclear power… including the rare specter of bipartisan support… and TerraPower’s Natrium could very well be the clean-energy answer America has been long awaiting.
Natrium is scheduled to go online in 2028… just six short years from now!
If everything goes as planned, its success could mean a fast-tracking of Natrium plants from coast to coast — all of which will require vast amounts of… you guessed it… uranium!
And while you can’t currently buy shares in privately-held TerraPower… you can buy shares in the North American mining companies that will be pulling uranium — or yellowcake as it is commonly referred — from US soil.
The vast majority of these stocks are trading at bargain basement prices despite the fact that uranium — as a commodity — has been holding up quite well throughout the rough patch the rest of the market has been trudging through thus far in 2022.
Of course, you only want to be buying the very best uranium names with the most advanced North American-based projects.
Luckily… we’ve done all of the heavy lifting for you right here.
Mike Fagan
Editor, Daily Profit Cycle