Domestic uranium producers are bringing new output online in 2026 as prices hold at levels that make U.S. mining economical again. Uranium Energy Corp transitioned from developer to producer with the restart of its Christensen Ranch in-situ recovery mine in Wyoming's Powder River Basin, with production ramping through the year alongside the anticipated startup of its Burke Hollow project. The company holds total licensed annual production capacity of 12.1 million pounds, the largest in the United States.
Other producers are adding capacity. Ur-Energy started operations at its Shirley Basin in-situ recovery mine in April 2026, lifting the company's licensed annual production and toll-processing capacity to as much as 4.2 million pounds. Denison Mines received regulatory approval in February to begin construction at its Phoenix asset, though production there is not expected until mid-2028.
Prices have supported the expansion. The uranium spot price briefly broke $100 per pound of U3O8 in January, and analysts expect supply deficits to persist well into the 2030s even as the price environment improves. Cameco, the largest publicly traded producer, forecasts 2026 output of 19.5 million to 21.5 million pounds across its assets.
The production push comes as electric utilities and data center operators seek long-term fuel supply for existing and planned nuclear plants. Rising demand for reliable, around-the-clock power has renewed interest in domestic uranium as a strategic resource.
Source: Investing News Network -- https://investingnews.com/daily/resource-investing/energy-investing/uranium-investing/how-to-invest-in-uranium/