Uranium futures in the United States held near $85 per pound in June 2026, settling into a narrow range after a volatile start to the year that saw prices peak above $101 per pound before pulling back. Uranium equities have outperformed the commodity, rising about 40 percent on average year to date as investors weigh a structural supply deficit.
Domestic producers are scaling up. Energy Fuels produced 1 million pounds of uranium in 2025 and expects output of 1.5 million to 2.5 million pounds in 2026. Denison Mines received regulatory approval to begin construction at its Phoenix project in February 2026, with production targeted for mid-2028.
Federal policy is reinforcing the trend. General Matter secured a $900 million U.S. Department of Energy contract to build domestic High-Assay Low-Enriched Uranium enrichment capacity, part of a broader $2.7 billion DOE initiative to rebuild the U.S. nuclear fuel supply chain.
Demand signals are strengthening as well. Major technology firms including Meta and Microsoft have signed agreements to secure nuclear capacity for future AI data center operations, following federal moves to speed approvals for new power plants.
Source: Investing News Network - https://investingnews.com/uranium-forecast/