In conversation with Real Vision’s Maggie Lake, Adnani makes the case for uranium as the solution to two major problems and describes its unique properties as an asset class.

There is a path to net-zero carbon emissions and energy security for the U.S., and it goes through uranium. The silvery-white yet red-hot element is in the middle of an unprecedented bull market, a price surge built on the belief that nuclear’s viability as an alternative for climate-friendly baseload power generation is only more obvious in the aftermath of Russia’s invasion of Ukraine. Indeed, as Uranium Energy CEO Amir Adnani notes, the war in Eastern Europe is a catalyst for rethinking uranium, its role in the global energy equation as well as its supply chain. Kazakhstan controls 40% of global uranium resources, and the only accessible port is St. Petersburg. Thus, according to Adnani, the U.S. must end its dependence on Russia for supply, as a billion dollars a year of uranium trade is basically financing Putin’s war.