Mentioned:
There’s a quest for nuclear power infrastructure in the United States. Which is exactly why Uranium Energy Corp is partnering with one of Silicon Valley’s most exciting microreactor startups.
What’s happening:
- Uranium Energy Corp (NYSE: UEC) and small modular reactor company Radiant Industries have formed a new partnership focused on developing a full nuclear power value chain in the United States of America
Why it matters:
- Uranium Energy Corp will provide Radiant Industries with domestic uranium concentrate to support the roll out of Radiant Industries flagship nuclear microreactor known as Kaleidos
Going deeper:
- The uranium concentrates will be produced at Uranium Energy Corp’s existing operating facilities in Texas and Wyoming
- Radiant Industries has raised more than $160M USD in funding and landed some of the largest venture capital investors in the world as backers, including a16z, Union Square Ventures and Chevron Technology Ventures
The intrigue:
- This is not the first time that Uranium Energy Corp has struck a deal with a notable venture backed nuclear reactor startup in the United States, previously entering into a memorandum of understanding with Bill Gate’s backed TerraPower to supply them with domestically produced uranium
