Uranium Energy Corp.

I mean, I can just quickly go through the list of companies that I've been involved with over the years in the space.

First one in 2004 is Uranium Energy Corp, which I co-founded.

I married Manny and others, and we were very lucky with timing, and that became very successful.

It's UEC on the New York Stock Exchange.

Cameco down 2.1.

Uranium Energy Corp down 3.2. Power generation stocks.

This is where the linkage is between uranium and the AI.

Boom.

But, uh, uh, yeah, so it first started in 2004.

A, group of guys and myself, um, co-founded a company called Uranium Energy Corp.

Uh, uranium was not in vogue back then, and, uh, you know, we got very lucky with timing and, um, it's now the largest, uh, uranium mining company in the US by far.

Uh, listed on the New York Stock Exchange with a market cap, well, depending on the day, you know, six, seven, eight, nine billion.

Uh, it's ESAF on your dial, uh, on the Toronto Stock Exchange.

Um, Niobium, or, or NioCorp, by the way, is NB, uh, Norman Brother on, uh, or Norman Bravo, uh, on the, on the Nasdaq.

And, uh, Uranium Energy Corp. is UEC on the New York Stock Exchange.

So past, what's past is prologue.

Uranium stocks are a little bit easier.

Uh, Uranium Energy Corp, UEC, down 6.7%.

And, uh, in the gold sector, Newmont down 1.3, Barrick up 1.2. Zhejiang Mining up 11%.

Lithium stocks eased back slightly.

And so we have to make sure that that buy-in is there right from the start.

Amir Adnani, president and CEO of Uranium Energy Corp, talked about how financing of nuclear projects have been changing and the strength of being a long-term asset.

An important part of the history of this industry is the fact that many nuclear reactors operating in some parts of the world or under construction in some parts of the world are state-owned and never had to go out and rely on attracting capital from the private sector, from banks, from investment banks, from sovereign wealth funds to develop.

And so that is an incredible foundational piece of our industry.

Uh, but I would look at some of these other stocks.

I mean, Uranium Energy, uh, I mean, it was $20.

It's under 10, and nothing has really happened.

There's nothing there that you could say, "Oh, well, well, you know, the company did major, major financings," or any...

Uh, a- and this should be good news for the whole uranium sector, and it's not even...

Look at, I mean, the...

You're looking at Uranium Energy down 6% today.

Why? There's no deals with these companies.

[outro sound] The long-term uranium price now sits at its highest level in nineteen years, yet many uranium shares have moved the other way.

Cameco is down nearly seven percent since the start of the year, and Uranium Energy has fallen roughly twenty percent.

Denison has lost a similar amount in the past month alone.

The likely explanation is that today's prices are not yet being paid by many buyers.

Canon is an exceptionally skilled entrepreneur, operator, financial professional.

He's a co-founder of Uranium Energy Corp, which is one of the largest uranium companies in the world, co-founder of NioCorp, which has access to one of the largest niobium reserves in the Western world, and certainly the largest in the continental United States.

And he built a small modular reactor company, which I kind of worked on the progenitor of this company that's called Terrestrial Energy, and it specializes in high temperature SMRs that also operate on low enriched uranium.

So it has a very practical and pragmatic supply chain.

We had Henrik Zeberg, who, um, much to the chagrin of our resource investor listeners, bought a Bitcoin-related stock, which is actually up 47%.

We had Dr. Nomi Prins, and she bought, uh, Uranium Energy Corp, which is down 14%.

Hmm.

Joe Cavatoni of the World Gold Council, who shockingly bought GLD.