Core Viewpoint - The VanEck Uranium and Nuclear ETF (NLR) has reached a 52-week high, increasing by 91.13% from its 52-week low of $64.26 per share, indicating strong momentum and potential for further gains [1]. Group 1: ETF Overview - NLR tracks the MVIS Global Uranium & Nuclear Energy Index, which includes companies involved in uranium mining, nuclear power facility construction, and the production of electricity from nuclear sources [2]. - The ETF charges an annual fee of 56 basis points [2]. Group 2: Market Drivers - The rising demand for artificial intelligence and clean energy is leading tech companies to consider nuclear power as a solution for energy-intensive data centers [3]. - The increasing interest in nuclear energy and the growth of AI-driven data centers are expected to drive up uranium demand, providing a favorable outlook for the ETF [4]. Group 3: Performance Outlook - NLR is projected to maintain its strong performance in the near term, supported by a positive weighted alpha of 68.78, suggesting potential for further price increases [5].

Core Insights - Artificial intelligence (AI) is identified as the greatest investment opportunity of the current era, with a strong emphasis on the urgent need for energy to support its growth [1][2][3] - A specific company is highlighted as a key player in the AI energy sector, owning critical energy infrastructure assets that are essential for meeting the increasing energy demands of AI technologies [3][7][8] Investment Landscape - Wall Street is investing hundreds of billions into AI, but there is a pressing concern regarding the energy supply needed to sustain this growth [2] - AI data centers, which power large language models like ChatGPT, consume energy equivalent to that of a small city, indicating a significant strain on global power grids [2] - The company in focus is positioned to benefit from the anticipated surge in demand for electricity driven by AI advancements [3][6] Company Profile - The company is described as a "toll booth" operator in the AI energy boom, collecting fees from energy exports and playing a crucial role in U.S. LNG exportation [5][7] - It is noted for its debt-free status and substantial cash reserves, which amount to nearly one-third of its market capitalization, providing a strong financial foundation [8][10] - The company also holds a significant equity stake in another AI-related venture, offering investors indirect exposure to multiple growth opportunities in the AI sector [9][10] Market Positioning - The company is recognized for its capability to execute large-scale engineering, procurement, and construction projects across various energy sectors, including nuclear energy [7][8] - It is suggested that the company is undervalued, trading at less than seven times earnings, which presents a compelling investment opportunity [10][11] - The influx of talent into the AI sector is expected to drive continuous innovation, further solidifying the company's position in the market [12][13] Future Outlook - The article emphasizes the importance of investing in AI and energy infrastructure as the future of technology and economic growth [11][12][13] - The combination of AI advancements, energy needs, and infrastructure development is framed as a supercycle that investors should capitalize on [14]

Fiscal Policy & Economic Growth - The analysis suggests tariffs are running at an annual rate between $400 billion and $500 billion, potentially improving the deficit, but real GDP growth is considered the key to significantly reducing the deficit as a percentage of GDP [1] - The report anticipates real GDP growth will surprise on the high side of expectations later in the year and into 2026, driven by innovation platforms like robotics, energy storage, AI, multiomic sequencing, and blockchain technology, all catalyzed by AI [1] - The analysis highlights deregulation, particularly in crypto, AI, and nuclear energy, as a significant factor for economic growth, with tax changes encouraging manufacturing and innovation through accelerated depreciation schedules and full expensing of equipment, R&D, and software [1] Inflation & Monetary Policy - The report indicates that while inflation may seem stuck in the 2% to 3% range, innovation-driven productivity gains could lead to deflation in the coming years [2] - The analysis points out that M2 money supply growth has significantly dropped compared to the COVID boom, and the velocity of money is declining, potentially diffusing inflationary pressures [2] - The yield curve, measured by the two-year Treasury yield relative to the three-month Treasury yield, indicates tight monetary policy, which is expected to have disinflationary or deflationary effects [3] - True inflation CPI is reported at 19%, even with tariffs factored in, and consumer inflation expectations are expected to decline [3] Market Indicators & Investment Strategy - The analysis notes that manufacturing has been contracting for the last three years, and services are not in great shape, signaling potential economic concerns [4] - The report highlights that AI-powered capital spending is increasing, supported by new tax rules, while the trade deficit is being addressed [5] - The analysis observes that pending home sales are deteriorating, and new home inventory is high, potentially leading to price cuts and impacting the CPI [5] - The report suggests that the return on investment in the US is expected to increase due to innovation, tax laws, and deregulation, potentially strengthening the dollar [5] - The analysis notes that corporate profits are healthy, but quality of earnings and harnessing new technologies will be crucial for future growth [5] - The report observes that commodity prices are going nowhere, and gold is breaking out to all-time highs relative to metals, possibly signaling deflationary concerns [5]

Also on the daily podcast: nuclear’s new dawn and remembering entrepreneur Stephanie Shirley https://t.co/GqxUqFvsbU ...

Nowhere is the change of attitude towards nuclear more apparent than in America. Donald Trump is calling for a quadrupling of domestic capacity to 400GW by 2050. Although that target is unrealistically ambitious, it has mobilised the political system https://t.co/JEF4QTWd28 ...

The only nuclear assets that can boost US electric capacity anytime soon are the ones left for dead: shuttered reactors, writes @willwwade https://t.co/trg9hio01S ...

Summary of District Metals Conference Call Company Overview - **Company Name**: District Metals Corp - **Ticker Symbols**: DMXCF (OTCQB), DMX (TSXV) - **Industry**: Mineral exploration and development, specifically focused on uranium and polymetallic projects in Sweden - **Flagship Project**: Weaken Property, which hosts the largest undeveloped uranium deposit in the world [3][6] Key Points and Arguments Management and Team - The management team has a proven track record in exploration, discovery, and capital markets [5] - The CEO, Garrett Ainsworth, has significant experience in uranium exploration, having previously worked with Alpha Minerals and NextGen Energy [9][10] - The company has a strong board and advisory committee with diverse expertise in mining and capital markets [12][14] Jurisdiction and Market Environment - Sweden is recognized as an attractive jurisdiction for mining, ranked sixth by the Fraser Institute for investment attractiveness [18] - The Swedish government has shifted towards a pro-nuclear stance, planning to build 10 more nuclear reactors by 2045, which increases the demand for domestic uranium supply [21][22] - The lifting of the uranium mining moratorium is expected by January 1, 2026, which will allow full-scale operations on uranium properties [23][42] Project Details - The Weaken Property contains significant resources: - 4.3 billion tons with 1.5 billion pounds of uranium and 24.3 billion pounds of vanadium [26] - Additional potential for rare earth elements, which will be assessed once the moratorium is lifted [27] - The company also has other advanced exploration stage uranium properties in Sweden, including Soc Jarn and Arnaz Bara, which show promising mineralization [34][36] Economic Viability - Despite low-grade uranium, the project remains economically viable due to the presence of valuable byproducts such as vanadium, molybdenum, nickel, copper, and zinc [47][48] - The potential value of the Weaken deposit is enhanced by the strategic importance of these byproducts for the EU's supply chain [48] Market Comparisons - The company’s valuation is significantly lower than peers, with an estimated value of $0.09 per pound of uranium compared to the industry average of over $3 per pound [31][32] - Historical acquisitions in the uranium sector indicate potential for significant monetization events, suggesting a favorable outlook for District Metals [29] Upcoming Milestones - The company is conducting various surveys and expects results from mobile MT surveys and drone radiometric surveys in the coming months [40][41] - A preliminary economic assessment is anticipated to begin shortly after the moratorium is lifted, with a timeline of 6 to 12 months depending on survey results [52] Additional Important Information - The exit of Boliden, which was funding $10 million over four years, allows District Metals to focus solely on uranium projects [45][46] - The company has a strong shareholder base, including significant institutional investors, which supports its strategic direction [16][44] This summary encapsulates the critical aspects of District Metals' conference call, highlighting the company's strategic positioning, project potential, and market dynamics.

PLS Project Overview - The PLS Project is located in the Athabasca Basin, Canada, a premier high-grade uranium mining jurisdiction[36] - The project targets first uranium production in 2031, reflecting engineering, procurement, construction, and regulatory approval timelines[23] - The project boasts a probable mineral reserve of 93.7 Mlb U3O8 at 1.41%[21] Economic Outcomes - The initial mine life is estimated at 10 years[22] - Average annual production target is approximately 9.1 Mlb U3O8 over the mine life[21, 22] - The Life of Mine (LOM) operating cash cost is forecast at US$11.7/lb[23] - The pre-production capital cost is estimated at US$1,226 million[22, 23] - The sustaining capital cost (LOM) is estimated at US$325 million[22] Growth Potential - The company is focused on extending Triple R mineralized zones and infill drilling to convert 25.1 Mlb U3O8 of indicated mineral resources and 10.9 Mlb U3O8 of inferred mineral resources to mineral reserves[28] - Drilling at the Saloon East zone is planned to follow up on significant radioactivity intersected in 2024 and 2025[28]

Look, the entire state of Utah runs on about 4 gawatts of electricity. Uh we have one data center campus that would operate on 4 gawatts of electricity. I I mean that's that's over 100 years worth of electricity production and development in in the state of Utah.And and they need that kind of power right now. So we we need all of it. We we need the solar um we we need the the the coal that is still burning in Utah, the cleanest burning coal anywhere in the world.We need the natural gas. Unfortunately, we ha ...

AND THE PRESS BEING EXCUSED FROM THE OVAL OFFICE AFTER A LENGTHY CONVERSATION WITH PRESIDENT TRUMP AND PRESIDENT LEE OF SOUTH KOREA VISITING THE WHITE HOUSE TO TALK ABOUT A RANGE OF ISSUES, AS WE BROUGHT TO YOU LIVE ON BLOOMBERG TV AND RADIO. I'M JOE MATHIEU IN WASHINGTON. THIS IS "BALANCE OF POWER," THE MONDAY EDITION, WITH A BUSY DAY AT THE WHITE HOUSE, STARTING EARLY WITH A NEWS CONFERENCE THAT WE BROUGHT YOU LIVE ON BLOOMBERG.NOW THE PRESIDENT OF SOUTH KOREA BRINGING FORTH A NUMBER OF ISSUES, AS I SAID, ...