Industry Overview - Nuclear energy is experiencing a revival as countries seek to expand their nuclear power capabilities, with the U.S. aiming to quadruple its nuclear energy capacity by 2050 [1] - The demand for nuclear energy is increasing while supply is tightening due to geopolitical risks, particularly concerning uranium supplies from Russia [1] Company: Cameco - Cameco is a North American uranium miner with high-grade mines, including MacArthur River and Cigar Lake, which contribute significantly to the global high-quality uranium supply [5] - The stock of Cameco has surged by 395% since the beginning of 2023, driven by rising demand for nuclear energy and geopolitical factors affecting uranium imports [6] - Cameco holds a 49% stake in Westinghouse, which provides services to nuclear plants and is involved in new reactor technologies, supported by an $80 billion commitment from the U.S. government for nuclear reactor construction [7] Company: Centrus Energy - Centrus Energy specializes in providing nuclear fuel components, including low-enriched uranium (LEU) and natural uranium hexafluoride, essential for nuclear reactors [8] - The company currently sources uranium from global suppliers, including Orano in France and TENEX in Russia, and has a waiver to import LEU, highlighting the urgent need to replace Russian-sourced enriched uranium, which constitutes about 25% of U.S. imports [9]