America’s Premier Uranium Mining Company

As revolutionary as it is, artificial intelligence (AI) 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 committed to nuclear energy. A full 70% of France’s electricity is generated by just 18 nuclear power plants around the country. 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. So Britain must import electricity from France’s nuclear grid just to keep the lights on as it pursues the “renewable” pipe dream.

And nuclear power relies on just two ingredients to generate power. The first is water, and the second is uranium. Now, 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 right here in the United States.

Instead, we rely on foreign nations for our supply.

And that is a problem.

While Australia has the largest untapped reserves of the mineral and our neighbor Canada produces uranium as well, Russia and Kazakhstan are some of the biggest producers of both raw and refined uranium.

Kazakhstan is, in fact, the world’s largest producer of uranium. In 2022, Kazakhstan’s operations accounted for 43% of total global production.

Kazakhstan and Russia are not friendly to the U.S.

And there is no question the Trump administration is going to prioritize developing a reliable source of uranium here in the United States.

It will be a matter of national security, since Big Tech is becoming so reliant on nuclear energy.

Fortunately, there’s one premier mining company set to become America’s No. 1 producer.

It’s called enCore Energy Corp. (Nasdaq: EU), and investing in it is your first 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 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 band up the middle of the country that I expect will soon be called the uranium belt. It stretches from enCore’s native Texas to Montana and includes New Mexico, Arizona, Utah, Wyoming, South Dakota, and Nebraska.

Each dot or star on this map represents an operational or under-development uranium project owned by enCore.

As each of those sites under development comes online through the end of the decade, enCore is likely to become the single most important uranium producer in the United States.

In fact, I expect enCore will be one of the very few major providers of uranium in the United States. The company has already signed six sales contracts with various nuclear power plants around the country. It also holds one legacy contract with a uranium trading company…

But getting uranium out of the ground is just the first step on the journey to powering cities with the same energy that the sun runs on, and it’s not the only thing enCore does…

Nuclear Profits

See, 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 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. It’s that steam you’ll see coming from a nuclear plant’s cooling towers, and it’s nothing but water vapor.

And 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 the first quarter of 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. enCore went on to finish fiscal year 2024 with a 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 due to the inability to capitalize certain exploratory and development costs under U.S. 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.

The company remains committed to advancing extraction-ready projects. For example, enCore increased the number of drilling rigs to 17 operating in South Texas. This expansion will alleviate bottlenecks in uranium extraction they 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…

This year, two additional Texas projects are due to come online and join enCore’s existing sites. Then in 2026, two more Texas projects will start production along with two projects, one in South Dakota and one in Wyoming. 2027 will see the last of the company’s Texas projects, Butler Branch, 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.

It’s small for now: EnCore trades for about $2. 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 in nuclear technology arising that represents an enormous opportunity for enCore: new small nuclear reactors that you can read all about 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…

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