Uranium prices held near 85 dollars per pound in late June 2026, consolidating after an earlier run above 100 dollars, as tightening supply met accelerating US reactor demand. Forward curves pointed to prices in the 90 to 100 dollar range, and mining equities reflected the bullish tone, with major uranium funds climbing sharply earlier in the year.
Much of the demand story is centered in the United States. The federal government outlined large-scale funding to build new reactors, and technology companies including Meta and Microsoft signed agreements to secure nuclear capacity for AI data center operations. Demand for uranium is projected to rise about 28 percent by 2030 and to nearly double by 2040 as new construction, plant life extensions, and advanced reactor designs come online.
Domestic supply is responding. The Department of Energy awarded 2.7 billion dollars in contracts to expand US uranium enrichment capacity, covering both low-enriched uranium and the high-assay material needed for next-generation reactors, an effort tied to a planned ban on Russian uranium imports. On the mining side, Uranium Energy Corp. began production at its Burke Hollow in-situ recovery operation in Texas, and Ur-Energy started mining at its Shirley Basin project in Wyoming. For metro Atlanta investors, no qualifying county-level precious metals story emerged within the window, so the uranium market story anchors this slot.
Source: Investing News Network - https://investingnews.com/uranium-forecast/