turning waste into gigawatts. Oaklo announcing yesterday it's investing nearly $1.7% billion toward plans to open a firstofits-kind nuclear waste recycling facility. The Tennessee site expected to begin production by the 2030s.Joining us now first on CNBC is Oaklo CEO Jacob Dit. Jake, it's great to have you. This is very technical. So explain to us what this what this is.It's exciting to me about nuclear technology because nuclear reactors really only use about 5% or so of the fuel that gets loaded in them ...

turning waste into gigawatts. Oaklo announcing yesterday it's investing nearly $1.7% billion toward plans to open a firstofits-kind nuclear waste recycling facility. The Tennessee site expected to begin production by the 2030s.Joining us now first on CNBC is Oaklo CEO Jacob Dit. Jake, it's great to have you. This is very technical. So explain to us what this what this is.It's exciting to me about nuclear technology because nuclear reactors really only use about 5% or so of the fuel that gets loaded in them ...

Group 1: Nuclear Energy Resurgence - Nuclear energy experienced a significant resurgence in 2025, driven by novel reactor designs and new enrichment capacity, leading to substantial stock price gains for companies like Oklo (480% YTD) and Centrus Energy (360% YTD) [1] Group 2: Nano Nuclear Energy Overview - Nano Nuclear Energy is designing portable microreactors, with its stock price increasing approximately 90% this year, making it a company to watch ahead of its earnings report in December [2][4] - The company's microreactors are compact and portable, offering a lower-cost alternative to traditional nuclear plants, which can take years and billions to construct [4][8] Group 3: Market Potential and Challenges - The demand for electricity is rising, particularly from large data centers that require significant power, and Nano Nuclear's reactors could provide a mini-grid solution in remote areas lacking reliable power [5] - Despite its innovative concepts, Nano Nuclear is still in the R&D phase, lacking regulatory approval from the Nuclear Regulatory Commission (NRC) and having not made any sales yet [6][8] Group 4: Investment Considerations - If Nano Nuclear can successfully commercialize its mini-reactors, the potential financial rewards could be substantial, suggesting a small investment position may be warranted if progress towards licensing is made [7]

We recently published 10 Stocks Lead Wall Street Downward Spiral. Oklo Inc. (NYSE:OKLO) is one of the worst-performing stocks on Tuesday. Oklo Inc. extended its losing streak to a fourth straight day on Tuesday, slashing 11.40 percent to close at $112.23 apiece, as investors unloaded portfolios ahead of the results of its earnings performance. In a notice to its investors, Oklo Inc. (NYSE:OKLO) said it would release the results of its financial and operating performance after market close next Tuesday, N ...

Core Insights - Terra Innovatum Global N.V. has signed an agreement with ATB Riva Calzoni to initiate early industrial production of the SOLO™ reactor in Italy, marking a significant milestone in the company's manufacturing strategy [1][4] Company Overview - Terra Innovatum focuses on developing micro-modular nuclear reactors, aiming to provide scalable, affordable, and deployable nuclear power solutions [6][7] - The SOLO™ reactor is designed to address global energy shortages and is engineered to be market-ready, with a proven licensing path that minimizes supply chain risks [8] Manufacturing and Production Strategy - The agreement with ATB Riva Calzoni will establish dedicated assembly lines for the SOLO reactor, utilizing standardized processes to enhance production efficiency and cost-effectiveness [3][4] - The collaboration aims to validate manufacturing parameters, streamline assembly processes, and design logistics for efficient material handling and reactor delivery [5] Market Potential and Applications - SOLO™ is expected to be available globally within the next three years and can provide CO2-free power solutions for various applications, including data centers, remote mini-grids, and industrial operations in sectors like cement and steel manufacturing [9] - The modular design of SOLO™ allows for scalability, with the potential to deliver up to 1GW or more of clean energy, making it a viable alternative to fossil fuel-based power generation [9]

Group 1: Power and Energy Trends - The term "power" has seen a surge of over 100% year-over-year mentions in S&P 500 earnings calls, indicating its significance in the current market landscape [1] - Wells Fargo identifies "power" as a preferred investment strategy to capitalize on the AI capital expenditure cycle, particularly as hyperscalers seek reliable power supplies for data centers [1] - The demand for energy storage is driving up battery stock prices, while the nuclear energy sector is experiencing a renaissance, exemplified by the collaboration between GE Vernova and Hitachi [1] Group 2: AI Industrial Complex and Investment Opportunities - Valuation concerns have led to a pullback in leading AI stocks like Nvidia and Palantir, prompting a broader examination of the "AI industrial complex" for less crowded investment opportunities [2] - All major hyperscalers, including Amazon, Google, Meta, and Microsoft, have entered into power purchase agreements (PPAs) to secure electricity from solar projects to support their data center operations [3] Group 3: Solar Industry Developments - The Solar Energy Industries Association (SEIA) reports that the U.S. solar supply chain has been reshored, with domestic production capacity for solar modules increasing by 37% year-to-date, fueled by $4.5 billion in private investment [4] - SEIA warns that current administration policies, including solar grant clawbacks and permitting slowdowns, could hinder new capacity growth by 27% by the end of the decade [5]

Core Insights - Lightbridge Corporation presented three technical papers at the American Nuclear Society's TopFuel 2025 conference, showcasing advancements in nuclear fuel technology aimed at enhancing reactor safety, efficiency, and sustainability [1][2][3] Group 1: Technical Contributions - The papers focus on innovative methodologies and assessments for Lightbridge Fuel™, the company's proprietary metallic nuclear fuel technology [2] - Key topics include a quantitative evaluation method comparing Lightbridge's fuel materials against conventional uranium dioxide fuel performance, a conceptual assessment of Lightbridge Fuel's behavior under post-critical heat flux conditions, and finite element analysis simulations for fuel rod fabrication [6] Group 2: Company Overview - Lightbridge Corporation is dedicated to developing advanced nuclear fuel technology that supports clean energy and energy security, with a focus on enhancing safety, economics, and proliferation resistance in existing and new reactors [4][5] - The company has established long-term agreements with Battelle Energy Alliance and has received support from the U.S. Department of Energy for the development of Lightbridge Fuel [5] Group 3: Leadership Commentary - The CEO of Lightbridge emphasized the importance of methodical analysis and experimental validation in advancing nuclear fuel technology, aiming to accelerate the adoption of Lightbridge Fuel for both existing and future reactors [3]

Financial Data and Key Metrics Changes - Cameco reported a strong financial performance for the first nine months of the year, with a significant increase of over $170 million in its share of Westinghouse's revenue recorded in the second quarter [22][24] - The company maintained a strong balance sheet with $779 million in cash and cash equivalents, $1 billion in total debt, and a $1 billion undrawn revolving credit facility [24] Business Line Data and Key Metrics Changes - The production forecast for the McArthur River and Key Lake operations was decreased from 18 million pounds to between 14 million and 15 million pounds due to development delays [20] - At the JB Inkai operation, production is on track to meet expectations of 8.3 million pounds, with Cameco's purchase allocation being 3.7 million pounds [21] - The fuel services division's annual production outlook remains on track, totaling between 13 million and 14 million kgU of combined fuel services products [21] Market Data and Key Metrics Changes - The long-term price of uranium is projected around $84 per pound, with indications that Cameco can drive premiums in the market due to its reliability and delivery history [36][37] - The uranium market is experiencing a gap between demand and supply, with expectations that the demand will increase significantly due to the U.S. Government's partnership and initiatives [60][62] Company Strategy and Development Direction - Cameco is focused on long-term value creation and enhancing energy security through partnerships, particularly with the U.S. Government and Westinghouse [25][56] - The company aims to support the next chapter of nuclear growth, emphasizing the importance of the entire fuel cycle, not just uranium mining [17][18] - The recent partnership with the U.S. Government is expected to stimulate the nuclear supply chain and create significant growth opportunities for both Cameco and Westinghouse [12][56] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the nuclear industry's growth, highlighting the importance of energy security and the transition to clean energy [12][25] - The partnership with the U.S. Government is seen as a catalyst for nuclear development, with expectations for multiple reactors to be built in the coming years [56][86] - Management acknowledged the challenges in the market but emphasized the company's strategic position to execute and deliver value [17][18] Other Important Information - Cameco announced a 2025 annual dividend of $0.24 per common share, reflecting its improving financial performance [24] - Changes in the executive team were highlighted, with the retirement of the Chief Marketing Officer and the appointment of a new Senior Vice President and Chief Marketing Officer [26][28] Q&A Session Summary Question: Flexibility of standby product loan facilities - Management confirmed that discussions regarding standby product loan facilities are flexible and availability remains strong [32][34] Question: U.S. leadership role in demand outlook - Management indicated that the market is recognizing the value of producers in safe jurisdictions, and pricing dynamics are evolving [36][37] Question: Details on the U.S. Government partnership - Management expressed excitement about the partnership, emphasizing its potential to stimulate nuclear build and the importance of financing and permitting [44][46][56] Question: Pricing dynamics and contracting activity - Management remains constructive on uranium pricing, indicating that supply discipline is necessary to reflect fundamental production economics [58][62] Question: Westinghouse's capacity for new builds - Management noted that Westinghouse has a healthy pipeline of projects and is positioned to start multiple reactors as long as long lead items are managed properly [66][71] Question: Restarting conversion capacity - Management stated that the decision to restart conversion capacity is dependent on long-term contracts rather than just price [74][76] Question: Potential for U.S. Government to support more reactors - Management confirmed ongoing discussions with utilities and the potential for further reactor builds beyond the initial agreement [81][84] Question: TRL six achievement for GLE - Management highlighted that achieving TRL six removes technology risk and allows for meaningful engagement with utilities regarding GLE [88][90] Question: Framework for Westinghouse's contracting - Management confirmed that the existing contracting framework remains useful, subject to finalizing agreements with the U.S. Government [94][96]

Strategic Partnership & Investment - A strategic partnership between Cameco, Brookfield, and the US Department of Commerce aims to accelerate the global deployment of Westinghouse nuclear technologies[9] - The US Government will facilitate financing and approvals for new Westinghouse reactors in the US, with an aggregate investment value of at least $80 billion (US)[9] - The US Government will receive 20% of cash distributions exceeding $17.5 billion (US) from Westinghouse upon vesting[9] - An IPO of Westinghouse may be required if its valuation reaches at least $30 billion (US) by January 2029[9] Production & Sales Outlook - McArthur River/Key Lake's annual production outlook (Cameco's share) is projected to be 9.8-10.5 million lbs[17] - Cigar Lake's production is expected to reach up to 20 million lbs (100% basis)[17] - Fuel Services anticipates producing 13-14 million kgU of combined products[17] - The company projects uranium sales/delivery volume of 32 to 34 million lbs[19] - Fuel Services sales/delivery volume is expected to be 13 to 14 million kgU[19] Financial Performance - Revenue is projected to be $3,300-3,550 million, with uranium contributing $2,800-3,000 million and Fuel Services $500-550 million[19] - The average realized uranium price is estimated at $87.00/lb[19] - Adjusted EBITDA for Westinghouse is projected to be $525-580 million[19] - Cameco received $171.5 million (US) from Westinghouse related to the Dukovany reactor project[20, 26]

Core Insights - Cameco, a Canada-based uranium refiner, reported third-quarter earnings that missed analyst estimates, with EPS at 5 cents, an improvement from a slight loss a year ago, while revenue fell 16% to $436.7 million [1] Group 1: Company Performance - Cameco's Q3 EPS of 5 cents indicates a recovery from the previous year's loss, but the revenue decline of 16% to $436.7 million raises concerns about its sales performance [1] - Despite the earnings miss, Cameco maintains a strong position in the nuclear sector, claiming to be "at the forefront of the global nuclear resurgence" [1] Group 2: Market Context - The nuclear sector is experiencing a resurgence, with Cameco positioned to benefit from this trend, highlighting the potential for future growth despite current earnings challenges [1] - Related news indicates that BWX Technologies, another player in the nuclear sector, reported third-quarter earnings, suggesting ongoing activity and interest in the industry [2]