America’s Premier Uranium Mining Company

As revolutionary as it is, artificial intelligence has an Achilles’ heel: energy. AI is an absolute glutton for electricity.

A ChatGPT query uses 10 to 25 times more energy than an ordinary Google search does. Users ask ChatGPT roughly 10 million questions daily, which consumes the same amount of energy as it takes to power 180,000 American homes. And that’s just one AI service.

Generative AI will use 10 times more energy by 2026 than it did in 2023.

Google’s AI uses the same amount of energy in a single hour as is needed to fully charge over 25,000 electric cars.

In fact, data centers alone already use more power than most countries.

In short, the amount of energy needed to run AI is enormous. By 2030, our energy needs could be 50 times greater than they are today.

All signs point to the world facing an inevitable “energy crisis.”

And there is only one solution…

Nuclear energy.

Nuclear energy provides vastly more electricity per pound of fuel than any fossil fuel equivalent. Plus, nuclear reactors do not produce air pollution or carbon dioxide during operation. So nuclear energy is virtually unlimited green energy.

The ultimate argument for nuclear energy is in Europe. France is the only country on the continent that is committed to nuclear energy. A full 70% of France’s electricity is generated by just 56 reactors at 18 nuclear power plants. The country produces so much energy that it exports what it doesn’t use to its neighbors.

Now compare France with the U.K., which is fully committed to solar and wind energy. For the U.K., a country famous for its rainy weather, solar is a laughable idea, and neither solar nor wind produces energy as reliably as nuclear plants do. As a result, Britain must import electricity from France’s nuclear grid just to keep the lights on as it pursues the “renewable” pipe dream.

Nuclear power relies on just two ingredients to generate power: water and uranium. France has plenty of water, but no native uranium reserves to speak of. It must import the bulk of its nuclear fuel from uranium mines in Niger.

Here in the United States, we are better suited for nuclear energy. We have lots of water, and we have considerable uranium reserves in the ground.

However, in past decades, we made the decision to not develop our own uranium reserves, instead relying on other countries to provide uranium for us.

This has led to a substantial reduction in domestic uranium production − and a greater reliance on foreign nations for our supply.

That is a problem.

Now, the U.S. is allied with some top uranium producers. Australia has the largest untapped reserves of the mineral, and our neighbor Canada produces uranium as well. But some countries that are not friendly to the U.S., including Russia and Kazakhstan, are among the biggest producers of both raw and refined uranium.

In fact, Kazakhstan is the world’s largest producer. In 2023, the country’s operations accounted for 37% of total global production.

With Big Tech becoming increasingly reliant on nuclear energy, our dependence on importing uranium from other countries is a matter of national security.

There is no question that developing a reliable source of uranium here in the United States is a priority for the Trump administration. It has issued multiple executive orders to help boost uranium production and expand America’s nuclear energy capabilities.

Fortunately, there’s one premier mining company that’s set to become America’s #1 producer.

It’s called enCore Energy (Nasdaq: EU), and investing in it is an important step to profiting from the coming boom in nuclear energy.

Uranium Fever

Based in Corpus Christi, Texas, enCore is uniquely positioned to provide uranium to a market that’s starving for the little yellow rock with an energy density 16,000 times greater than coal’s. (In its natural state, uranium ore is a yellow-tinged rock.)

The vast majority of the uranium reserves in the United States exist in a patch of land in the middle of the country that I expect will soon be called the Uranium Belt. It stretches from enCore’s native Texas to Montana, including New Mexico, Arizona, Utah, Wyoming, South Dakota, and Nebraska.

Each dot or star on this map represents a uranium project owned by enCore that is either already operational or under development.

As each of the sites under development comes online in the second half of the decade, enCore is likely to become the single most important uranium producer in America.

The company has already signed 12 sales contracts with various nuclear power plants around the country and holds one legacy contract with a uranium trading company.

However, getting uranium out of the ground is just the first step − and it’s not the only thing enCore does.

Nuclear Profits

Uranium isn’t like coal. You can’t just pull the rocks out of the ground and burn them. (Well, you can, it just wouldn’t be good for your health.)

Uranium has to be refined into U-235, the isotope that’s used to produce a nuclear reaction. The heat from that reaction is used to boil water, which becomes steam and spins a turbine to generate electricity. (That steam is what you see coming from a nuclear plant’s cooling towers, and it’s nothing but water vapor.)

EnCore does the first part of that refinement in-house, refining raw uranium ore into uranium oxide, a yellow powder better known as yellowcake uranium.

In 2024, enCore generated revenue for the first time as its first two facilities came online and its first drums of yellowcake rolled off the line at one of its Texas refineries. The company went on to finish fiscal year 2024 with total revenue of $58 million, an outstanding 163% increase from the previous year.

However, the company reported a net loss of $61.3 million for the year due to the inability to capitalize certain exploratory and development costs under U.S. generally accepted accounting principles, or GAAP. (It is common for new companies to report losses in the first year or even the first several years.) EnCore ended the year with $39.7 million in cash and cash equivalents.

In the second quarter of 2025, the company improved its net loss per share from $0.12 to $0.03 year over year. It also grew its total uranium extraction by 79% from the first quarter.

EnCore remains committed to advancing extraction-ready projects. For example, it increased the number of drilling rigs to 24 operating in South Texas and expects that to number to rise to 30 by the third quarter of 2025. This expansion will help to alleviate bottlenecks in uranium extraction that were encountered in 2024.

The company’s capabilities will only scale up as its new mines and refineries come online through the rest of the decade.

In 2025, enCore made significant progress on two additional projects in Texas, beginning construction on one and purchasing 5,900 acres of land for the other (where it plans to begin a 200-hole drilling program in the fourth quarter of the year).

In 2026, two more Texas projects will start production along with two others in South Dakota and Wyoming. The next year, the last of the company’s Texas projects, Butler Branch, will come online. Finally, operations at New Mexico’s Crownpoint Hosta Butte will begin in 2029.

This is catalyst after catalyst to drive the stock higher.

EnCore is small for now. It trades for about $3. But it won’t stay that way for long. This is the time to get in. The company just started producing revenue for the first time with its first two projects coming online.

But as the remaining eight (and potentially more after that) sites come online, we could see very rapid sales growth.

What’s more, there’s a new trend arising in nuclear technology that represents an enormous opportunity for enCore: small modular reactors. (You can read all about them in this report.) This new technology will allow nuclear power to become more efficient and commonplace than ever before.

By the end of the decade, enCore is set to be the main supplier of nuclear material for America’s energy infrastructure, and you can get in on the ground floor today.

Recommendation: Buy enCore Energy (Nasdaq: EU) at market. Set a 25% trailing stop to protect your principal and your profits.