Uranium News, SMRs, and Major Setbacks + Prismo Metals CEO Interview
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I spoke with Malcolm Rawlingson and Prismo Metals in this video.
Timestamps: 00:00 intro 01:48 What's really going on with Microsoft? 10:55 What are the risks of this deal? 20:05 Are there going to be cost overruns for this deal? 25:00 Are they going to be on time to restart? 27:35 Are we going to see operational SMRs soon? 32:25 Are we going to see more nuclear restarts? 36:30 Is this going to change the supply-demand fundamentals of uranium? 45:00 What does this mean for uranium demand? 50:00 Uranium supply challenges: what's next? 01:00:00 Is this the real bear thesis for uranium? 01:12:20 Triple nuclear by 2050: reality or delusion? 01:21:00 All positive, but uranium is still not going up?! 01:27:10 Why is spot not following term? 01:29:20 What will get uranium moving again? 01:34:00 Is he angry with his stock performance? 01:39:40 Is he selling uranium stocks? 01:44:00 Is he buying uranium exploration stocks? 01:46:00 Does uranium demand growth matter for the stocks? 01:49:00 Some closing wisdom about patience & life 02:01:00 Very important warning - your capital is at risk 02:04:50 Prismo Metals CEO Interview (CSE: PRIZ) 02:29:00 Are you paying attention? You should.
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Malcolm Roxburgh argues that massive new demand for nuclear power from AI data centers and SMRs will create a critical uranium supply deficit by 2027-2029, requiring significant price increases and production acceleration to meet these commitments.
- OpenAI alone has requested 35 GW of capacity; Microsoft's Three Mile Island deal signals that major tech companies cannot rely on renewables for data center power quality and reliability requirements
- Current uranium production (~100 GW from ~95-96 US reactors) cannot meet simultaneous demand from reactor restarts, new builds, and 62 reactors under construction globally without major new mines coming online
- Supply-demand fundamentals show existing mines are already contracted out; Arrow is the next major new supply not arriving until 2028-2030, creating a multi-year gap against exponential demand growth
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Fukushima was a watershed event that forced the nuclear industry to move beyond design basis standards to 'beyond design basis' planning, accounting for worst-case scenarios that exceed historical precedent; this has made modern reactors far safer than they were before.
“Fukushima really was a watershed for the industry you know I would very very much doubt if we you know touch wood that we'll ever get an incident like Fukushima or chernobil again um you know the industry spent billions hundreds of billions of dollars in in revamping its design calculations and and emergency preparedness”
Data centers cannot operate with solar or wind power because they require 24/7 high-quality, stable electricity with no voltage reductions or frequency variations, which only nuclear can reliably provide at scale.
“the reason why AI or data Cent is not necessarily AI data centers in this case but Microsoft's data centers require power 247 not only that they require good quality good high quality power 24/7 now other words they can't tolerate voltage reductions they can't tolerate frequency variations within certain limits”
Producing 35 GW of capacity from wind requires 9,375 square miles of land; from solar requires 1,350 square miles; from nuclear requires 54 square miles—a ~170x difference in land efficiency between nuclear and wind.
“if from wind it would take 9,375 square miles of land to produce that capacity from wind from solar it's 1,350 square miles and from nuclear it's 54 square miles”
Uranium spot price and long-term contract price have historically diverged significantly; spot price is volatile due to trading and speculation, while long-term contract price reflects actual utility purchasing patterns and is a better indicator of true supply-demand fundamentals.
“the thing about you know it's it's not like there's vast amounts of uranium Changing Hands On The Spot Market not like the copper Market or iron oil Market...long-term price tells you there's this number of pounds moving from the mine to the utility”
Investors should avoid leverage or betting farm on uranium because patience costs money; instead, investors should maintain diversified portfolios with uranium as one position and be willing to temporarily reduce uranium exposure if better opportunities emerge elsewhere.
“use money that you can afford to lose it's my best advice to people...don't don't jeopardize your family life...for the potential of uranium you know it it's but on the other hand...keep an eye on it because if you can get back in when it really starts to move up then you've got the best of both world”
OpenAI has requested 35 GW of electrical capacity from the US government, equivalent to 5-7 data centers of 5 GW each, which represents 25-35% of current total US nuclear electricity production and demonstrates a demand scale that dwarfs existing supply capacity.
“the open AI request to Biden for 35 gws this is one Company open AI one company wants 35 gws it wants 5 to seven uh AI Data Centers of 5 gws each I mean that even puts the Microsoft deal in you know pads into comparison to that now where are these plants going to be built”
The uranium market is illiquid and small compared to oil and gold markets; large institutional investors (pension funds, mutual funds) will not invest until the market has greater liquidity and scale, which will only happen as major capital flows into the nuclear supply chain.
“nuclear is a very very small niche market it's tiny by world comparison...Pension funds won't touch nuclear with a 10- foot bar B...my investment manager...said the liquidity of it is too small for a pension plan that's why”
Microsoft's $16 billion, 20-year deal with Constellation Energy to power its data center with Three Mile Island Unit 1 represents a fundamental shift in how AI/data center operators source electricity, choosing nuclear over renewables despite the historical baggage of the TMI site.
“this is a huge deal this is $16 billion over 20 years so 800 million bucks a year is the revenue that Constellation Energy will get from this deal they're prepared to put in $1.6 billion of their own money first to restart Three Mile Island um that's uh um 3 TMI 1 which is the the operating power plant shut down in 2019”
Public perception of nuclear power has shifted dramatically from despair to renewed enthusiasm, particularly among younger generations who see advantages of nuclear and are not swayed by 1970s-era anti-nuclear sentiment.
“the public uh view of nuclear power has changed dramatically...it's gone from euphoria to you know complete Despair and now it's coming back up into the Euphoria um phase again um you know people I think particularly you know your generation younger generation are seeing the advantages of nuclear power”
Nuclear power plants must shut down for refueling (typically every 18 months to annually), meaning Microsoft will need backup power or a second reactor to avoid data center downtime, which significantly increases the operational complexity and cost of the arrangement.
“nuclear power plants are very reliable but they don't operate 100% of the time you have to refuel them so in order to refuel them you got to shut down Three Mile Island for a week or two to refuel it so what does Microsoft do when that plant is shut down that means they need two of them not one they have to have something else running when 3 Mile Island is out for maintenance”
China has built strategic uranium stockpiles and storage facilities on the Kazakhstan border to ensure long-term energy independence; this represents sophisticated energy security thinking unavailable to the West.
“the Chinese uh the the mines in Kazakhstan have produced neate putting it into the warehouse there so the Chinese have direct access to it anytime they want um you know that's smart thinking very smart thinking”
TMI-1 currently has a 60-year operating license, is already 50 years old with only 10 years of license life remaining, so Constellation must apply for a license extension to 80 years as part of the $1.6 billion refurbishment to support the 20-year Microsoft contract.
“the plant is 50 years old it you know it may have a license to run for 60 years um but that that only gives them 10 years so this is a 20-year deal so they got to ask for a license extension lifetime extension on TMI 1”
Uranium mining in remote locations (Northern Saskatchewan, Utah desert) faces persistent labor supply challenges because workers do not want to relocate or work on fly-in/fly-out schedules; this structural problem has existed for 50 years and will cause wage inflation, making mines less profitable unless uranium prices rise.
“the average let's say City of Toronto dweller you know who's a a mining engineer is is probably not going to want to go to Saskatchewan for 3 weeks and and leave his wife and kids behind you know it just doesn't happen um so it doesn't it does not there is going to be a problem”
Malcolm invested in NextGen at $0.60/share very early in the company's history after seeing exceptional drill results; the company has since appreciated dramatically, demonstrating the wealth-creation potential of early-stage uranium companies with strong assets.
“I bought NextGen at 60 cents or something like that very happy with it...when they found that first drill hole I thought holy smokes that's that is a drill result I've never seen anywhere before and that's when I bought”
Ontario's nuclear supply chain is the best it has ever been because steady orders for CANDU reactor refurbishment and maintenance have maintained industrial capacity over 30+ years, contrasting with US capacity loss.
“one of the great advantages of of Ontario I suppose is that our nuclear supply chain is the best it's ever been I mean you know we have a different type of reactor here as you know it's not a pwr it's a can do um but you over the years to rebuild those reactors and refurbish them the whole nuclear supply chain has been rebuilt”
Long-term uranium contracts are tightly held confidential agreements between mines and utilities; Malcolm has only ever seen one contract in 50+ years under strict confidentiality, and contract terms are closely guarded trade secrets, so published long-term prices are estimates based on aggregated information rather than direct market data.
“I've been in this business a long time and I've only ever seen one contract in my entire life and uh you know under pain of death as well um so they are very closely guarded and for good reason because they you know you don't want your competitors know what you pay for fuel you don't want them to know that that's a that's a confidentiality agreement between you and the supplier”
TMI-1 is a 50-year-old reactor that was shut down in 2019 purely for economic reasons (unable to sell power for more than production cost), not for technical deficiency; it was running fine when shut down.
“the operating power plant shut down in 2019 because it wasn't uh uh they were losing money basically they couldn't sell the power um into the grid uh for for more than it cost to produce it so they they shut it down financial reasons only that's the only nothing technical reactor was running fine”
Constellation CEO stated that long lead-time equipment (large pumps and motors) has already been ordered, which is critical because manufacturing capacity for these specialized nuclear-grade components has largely left North America and must be rebuilt or sourced from overseas.
“the CEO of constellation I was listening to him yesterday he said um you know they had already ordered some of the equipment that they needed cuz some of this is long lead time equipment um you know these big pumps and motors you can't buy them off the off the shelf in Home Depo they take quite a bit of time to design and build”
China is currently building approximately 20 nuclear reactors simultaneously, demonstrating industrial capacity that the US lost over the past 30 years of minimal nuclear construction; the US must somehow rebuild this capability in a few years to compete.
“the Chinese do a fantastic job of you know doing what they say they're going to do and they're very good at it you know they're building I think it's about 20 odd under construction in China simultaneously right now”
SGS lab in Durango, Mexico has faster turnaround and full analytical capability (preparation and assay in-house) compared to other Mexican labs that must send samples to Vancouver or US for final analysis, benefiting Prismo's project timeline.
“SGS and their lab in Durango is has given us great service...they prepare everything in that lab but in this case they actually do the assays in the in in the lab the anal analytical work is all done in their facility in Durango so uh it makes it much quicker turnaround”
If Three Mile Island replaces 50% of its core with new fuel and increases enrichment to extend the fueling interval from 12 months to 18 months, uranium demand would be roughly 3x the annual requirement of a steady-state reactor, creating a significant spike in near-term uranium purchases.
“if you assume that it's going to be some sort of mix of the two then uh they're going to have to have say about 50% of the core replaced with new fuel if it's a 100% And basically you're restarting a new reactor which is three times roughly three times its annual requirement if you then enrich the fuel then it's even more so it's more than three times the u308 requirement”
Germany's energy transition away from nuclear toward renewables has resulted in higher energy prices and industrial competitiveness problems; companies are relocating to other countries with cheaper, more reliable power.
“Germany's...their industry is suffering right now and uh you know report after report saying a lot of companies can't make ends meet there anymore because the high price of energy so you know wind and solar didn't exactly drive down the price didn't it seems to have increased it”
SMRs (small modular reactors) face a fundamental economics challenge: building many smaller reactors costs more per unit of capacity than building one large reactor, and mass production at the scale needed (1,200+ SMRs for 35 GW) has never been demonstrated.
“if it's if they're 300 megawatts each um you know 35 gaws is what that's 1,200 of them that's a lot of reactors you know you need a mass production uh line to be able to produce that amount of uh that number of SMR”
Rolls-Royce in the UK is positioning to mass-produce SMRs with contracts from Poland, Czech Republic, and UK National Grid, but no SMR has been built and operated at scale anywhere, creating technology and production risk.
“Rolls-Royce in the UK is is gearing up to do just that they haven't built one yet but you know they have contracts with Poland and they got contracts with the Czech Republic now um to build these plus the UK par grid”
There are only four SMRs under construction in North America (Darlington in Canada), none of which have been completed or operated, representing zero proven operating track record for SMR technology.
“we're building four SMR here at Darlington they're the only ones under construction in the world right now so once area power generation actually just down the road from me is uh is building four of them”
Some SMR designs use exotic fuel types like TRISO fuel, which have been tested in research reactors but never operated in commercial power reactors, creating uncertainty about real-world fuel performance.
“a lot of them use pretty exotic fuel Trio fuel a lot of them use not all of them but some of them do uh you know we're just getting into production with some of those fuels now um never operated them in a power reactor before so we don't know”
Multiple new reactors across different countries (Turkey 4, Bangladesh 2, Egypt 4, Saudi Arabia 16 planned, Czech Republic 2, Poland 1 early stage) are coming online in the next 5 years, each representing a first core fuel demand spike.
“four reactor four reactors in Turkey two reactors in Bangladesh um four reactors in Egypt um the Saudis haven't started yet but they're going to soon um the Czech Republic has announced two new reactors and a whole bunch of smrs Poland has just started on its first nuclear reactor”
Alan, CEO of Prismo Metals, initiated a 1,250-meter first-phase drill program at Palos Verdes in Mexico, targeting the continuation of high-grade veining at depth and exploration of a potential downthrown fault block containing larger mineralization.
“the there was additional time because we're drilling off of um their property Vias property and so we had to make sure that we were train with all of their safety protocol environmental and so on and so forth”
The terrain at Palos Verdes is extremely rugged, requiring man-portable drilling equipment with motors split into three 50-kilogram pieces connected with hydraulic hoses; pad construction required clearing a steep slope into a flat 5x5 meter pad.
“it's almost like uh we're drilling off the side of a cliff...the motor is even set into three three parts so they're to make it man portable right I think they're 50 50 kilo uh pieces to the motor and then they they join them all together with hydraulic hoses”
France under Macron initially planned to shut down 30% of nuclear capacity, then reversed course, now plans to keep plants running and build 16 new EPR2 reactors (~1,800 MW each), demonstrating that political support for nuclear is fragile but economics can reverse anti-nuclear positions.
“when maon first took office you know who's going to shut down about 30% of French nuclear power plants within five years he's now said oh no we can't shut them down we're going to keep them running forever and we're going to build another whole bunch of them like I think 16 of the epr2 reactors”
Three Mile Island restart represents the first of many reactor restarts that will be necessary, signaling a shift from nuclear plant retirements to nuclear plant extensions and restarts as the industry recognizes the value of aging reactors.
“I can say this will be the first of many and how you know when you start putting many of these on the production capability of the States you know that's the reason why um Sam Alman went to see Biden that's the very reason he did that because this is a huge demand on on the whole country's capability it's not just um um a particular industry's capability”
There is an existing uranium supply deficit even before AI data center demand materializes; spreadsheet models show that current planned production cannot meet current committed reactor demand.
“there's already a shortfall in uranium you know some people say there's you know huge supplies of this laying around you know ready to be shoveled up and put in reactors there isn't that's a fallacy”
Historic drilling shows vertical mineralized intervals on similar veins (Napoleon vein) of 250-400 meters, suggesting Palos Verdes mineralization may continue to similar depths despite previous maximum drilling reaching only ~100 meters vertical depth.
“vla sil's drilling particularly on the on the uh Napoleon vein which is very similar to PO f is has shown vertical mineralized intervals of you know 250 to 400 meters so we we would hope to you know have some more mineralization at depth”
Historical geologist Larry Barrett who modeled Hot Brera before drilling and was present during original drilling modified his model post-drilling to include a causative intrusion (porphyry) that produced the mineralization; this intrusion creates large-scale potential beyond just the carbonate-hosted mineralization.
“the critical thing he included a the causitive intrusion basically intrusion that came in and produce that mineralization that we see both in surface and fragments...he modified the model of mineralization based on what he saw in whole one...that was described in whole one and we didn't have that data before”
Very few companies actually generate profit from uranium mining: Cameco, Kazakhstan, Energy Fuels, Sprott, and potentially Dennis - approximately five profitable producers compared to hundreds of oil companies, highlighting the extreme concentration of the supply base.
“very few companies in the business I mean you can count them on the fingers of one hand the companies that actually make money are Kazakhstan kamico uh uh Energy Fuels and uh Dennis and a little bit that's about it there's five companies that actually make money mining uranium five how many oil companies are there there's $5 trillion oil companies out there there's just no comparison it's a tiny tiny tiny Market”
Big oil companies historically were involved in nuclear power development and will likely re-enter the nuclear business as major investment capital mobilizes; NextGen is a potential acquisition target at multiples of its current market cap.
“I think the big oil companies are going to get in the nuclear business you know when you see big Banks doing that you can think that Exxon and BP and all the other companies are thinking...they used to be in it the all companies used to be in the nuclear power business believe it or not”
None of Malcolm's investment advice or uranium outlook depends on achieving specific price levels; the fundamental thesis is supply-demand driven by necessity, making the bull case indifferent to whether prices hit $200 or $300/pound.
“that's why am fairly calm because I know what's going to happen you know all of the you know spreadsheets up the ying-yang now that show you know the shortfall that there is in uranium”
When all existing uranium mines are fully contracted out (all their long-term production sold), spot price will spike because utilities and new reactors will have no choice but to buy on the spot market at whatever price is required; this is the key trigger event for uranium price appreciation.
“spot price will get hit when all the longterm when all the mines are contracted out okay so right now I believe uh has contracted out most of cigar and MacArthur River's output uh those are their two big mines um what do they do after that”
Jamie Dimon and other major bank CEOs announcing nuclear financing commitment signals that Western governments recognize that dependency on China/Russia for energy makes the economy vulnerable; nuclear financing is therefore geopolitical as much as commercial.
“the discussions I'm sure that have gone on behind the scenes is that if you don't bank roll it then you know Western Civilization is going to be dependent on China and Russia and I don't think people want that maybe they do I don't know”
When large institutional money (the 14-bank consortium) begins flowing into nuclear, it creates a cascade effect: capital flows to mines, enrichment plants, training programs, and supply chain; this 'flood of money through a straw' will eventually expand the straw by creating more companies, more production, and more investment opportunities throughout the nuclear complex.
“it's like the Hoover Dam going through a straw and that's a very accurate description that is exactly how I see it you know we just you know the Hoover Dam just just a announced it's going to pour a lot of money through this STW those are the 14 major Banks that's the Hoover down of money just said we going to put money into this to make it happen”
Most countries recognize that large-scale nuclear deployment is in their national interest; the only major exception is Germany, but even Germany will likely reverse course as energy security concerns mount.
“most most major industrial Nations The Only Exception is Germany but they'll turn around I'm sure you know their industry is suffering right now”
Prismo would likely see a 2025 transaction with Visla Silver rather than 2024, where the deal structure depends on drilling success; more drilling success = larger resource definition = higher acquisition price, creating incentive to maximize ounces before deal.
“I think it's more likely a 2025 event than a 2024 event...if we're successful...you know it's going to be a creative to us it's going to be multiple of market cap”
Uranium spot price targets of $200-300/pound are realistic or conservative when adjusted for historical inflation; the 2007 peak of $137/pound when adjusted for compound inflation equals well over $200 in current dollars.
“if you look at the last Peak which was 137 us a pound and multiply that by compound inflation well you get to well over $200 well over $200...the number that's banded about is $300 a pound”
Prismo has flexible operating model where senior people are not on fixed salaries; they must perform work to earn compensation, keeping company lean and focused on geological work rather than overhead.
“nobody's on a fixed salary so you if if you want to get paid you got to do some work and and because most of the senior people we have are U GEOS so then you know most of our expenditures towards their work is for um for geological work”
Prismo's hard GNA (general & administrative) costs are approximately $350,000 CAD annually, covering lawyers, listing fees, CFO, and audit; all other spending is discretionary.
“the the hard GNA which are the the company costs are about 350 a year so that's with you know lawyers listing fees and CFO auditing all of that stuff and then everything else is discretionary”
The TMI 2028 restart timeline is ambitious but credible because: (1) the reactor is technically sound, (2) informal NRC discussions have likely already occurred, (3) Constellation has experience and resources, (4) Microsoft contract creates financial incentive.
“I cannot believe they have not talked at least informally to the usnrc um you know that that it to make a decision like this and to sign a contract of this size without having some certainty that you're going to to get the operating license um seems a bit far-fetched to me”
Prismo has engaged Dr. Lonus Keing (property owner and historical discoverer) and geologists involved in major porphyry copper discoveries (e.g., Resolution mine) to advise on Hot Brera drill planning.
“we'll invite lonus keing Dr lonus keing and uh and I know that Craig and Steve have been talking to uh some people that have been uh uh that were involved in the discovery of resolution”
Prismo's marketing and communications are organic (social media team in Mexico City managing channels) and cost-effective; company prefers old-fashioned approach of traveling to conferences and meeting investors personally rather than paid media campaigns.
“our Social Media stuff is organic right so we we have this team in in Mexico City um that manage our website and all our our uh media social media channels and they're very affordable...we like to travel we like to meet people we're kind of the oldfashioned way”
Despite 55 years in the nuclear industry and being an early investor in NextGen, Malcolm maintains his timeline for uranium bull market realization has extended from 2030 to 2035, showing patience and realism about the speed of nuclear industry transformation.
“I my timeline was to be out of it in 2030 I think my timeline is now about 2035 um because you...I had done very well at it I was a very early investor in NextGen”
Prismo plans to release results from drill hole #1 as a standalone announcement if results are positive, allowing shareholders to see successful drilling before the remaining holes are drilled and compiled into a comprehensive report.
“I would not be against uh releasing whole number one as a standalone I'm not committing to it but when when do you when are you targeting to have it out by that whole number one”
Informal discussions have already occurred between Constellation Energy and the NRC regarding Three Mile Island restart before any formal license application was filed, indicating that major players perform regulatory due diligence before signing massive contracts.
“I cannot believe they have not talked at least informally to the usnrc um um you know that that it to make a decision like this and to sign a contract of this size without having some certainty that you're going to to get the operating license um seems a bit far-fetched to me I I'm sure there have been discussions in the background not a formal license application”
Alan and Steve are traveling to conferences (Vancouver Myth conference, Zurich Manuel Bally conference, New Orleans Brian London conference) while Craig attends others, implementing a divide-and-conquer strategy to tell Prismo's story to multiple investor audiences.
“we do like to attend conferences we were at the myth in uh Vancouver uh Craig and I last uh Friday...then we're uh going to go to the um Manuel Bali um conference in Zurich so that will be Steve and I attending...Craig and a colleague of ours is going to attend Brian London's New Orleans conference”
Alan plans to visit Abitibi region in Quebec to meet retail investors, showing continued focus on grass-roots shareholder engagement.
“I'm actually going uh back East next week and I'll be in a uh wonderful part of the world called ABB lots of U nice goal companies there and um I'm going to be there for three days meeting retail investors”
Prismo's shareholder base is split between legacy shareholders who invested based on Palos Verdes (Mexican asset) and newer shareholders who invested based on Hot Brera (Arizona copper project).
“our let's call our Legacy shareholders are our largest the largest portion of our shareholders um probably bought in based on that asset...then in terms of upside uh people have been quite well educated on the Visa story...the most recent shareholders uh including the private placement...were...attracted to uh prismal metals on the back of the hot breta copper project”
Prismo recently completed a private placement and share price has reacted positively; Alan and Steve have been actively meeting with investors; market conditions are favorable for Hot Brera financing.
“we've Steve and I have been quite uh busy talking to investors we were busy all summer and you know trying to narrow down the structure...I think that the time is now really and um and pretty happy that uh a share price reacted to um the recent news”
Mining analyst Eric Lamier has begun writing about Prismo; his followers appear to be a source of new buying, suggesting institutional analyst coverage is beginning to drive interest.
“there is a u well-known very well respected mining analyst Eric lamier who um has been starting to and you know him and you'll be with him at the the conference in Zurich um and Eric has started to write about about us so I think that that you know his followers uh have started to um buy our stock”
Arrow Resources (NextGen Energy) will likely take until 2028-2030 (5+ years from now) to complete development and production despite being a greenfield uranium discovery, because of licensing, capital cost, and construction time, and even with massive capital committed, new uranium mines cannot be accelerated below roughly 5-year timelines.
“arrow is is a fantastic mine in my book um you know when when it's built but it's going to take I think the earliest is 2028 it's going to take probably till 2030 is my guess but we'll see”
Saudi Aramco produces 10% of world oil and is valued at approximately $2 trillion, while Arrow Resources (NextGen) will produce approximately 25% of world uranium when fully developed but is valued in the hundreds of millions to low billions, representing a 100x+ valuation gap despite Arrow's greater contribution to global supply.
“I looked at the oil industry which is very large you know multi- trillion dollar industry and then I looked to the nuclear industry which is very small you know hundreds of billions probably maybe maybe a bit more but Saudi aramco produces 10% of the the world's oil and it's valued at $1.7 trillion something like that just under $2 trillion right so they 10% of the world's oil production and the valuation is let's say $2 trillion for argument sake you look at Arrow which is 30 25 will be 25% of uranium production that's 2 and a half times bigger than the contribution of Saudi Aram Cod oil and it's valued in the hundreds of millions couple of few billion dollars not even close”
When Microsoft chose Three Mile Island over other available shut-down nuclear plants, this choice was limited because there are very few US reactors that were shut down for economic reasons rather than technical issues—maybe half a dozen at most (Palisades, Dwayne Arnold, and a few others are among the only options).
“there are very few uh that it could pick from um there's Palisades and and a couple of others out there Dwayne Arnold but there are very few uh that it could pick from so um you know maybe half a dozen at the most”
Prismo uses AI analysis (artificial intelligence) as part of Hot Brera drilling planning, incorporating machine learning into geological modeling.
“we did the the initial results were and they reran certain things based on their input and I think we have a call with them tomorrow...we we acquired a data package”