+++ Security of supply, data centers, and new projects are shifting the outlook for uranium +++

Uranium demand is growing — supply chains are becoming a strategic factor. The nuclear industry is entering a phase of heightened attention. Rising electricity demand, data centers, and the desire for reliable, low-emission generation are strengthening political and industrial support for nuclear energy. The International Energy Agency (IEA) expects record-breaking generation from the global reactor fleet in 2025 and points to the growing electricity demand from data centers and artificial intelligence.

For uranium, fuel demand is particularly relevant: The World Nuclear Association (WNA) estimates reactor demand in 2025 at around 68,920 metric tons of uranium (tU). In the reference scenario, this could rise to just over 150,000 tU by 2040. The upper-range scenario is over 204,000 tU, while the lower-range scenario is more than 107,000 tU.

At the same time, the IEA reports that electricity consumption by data centers will have risen by 17% by 2025. By 2030, it could double from 485 to about 950 TWh. This creates a structural argument for the need for secure electricity sources.

Uranium Energy: Ongoing Production and U.S. Supply Chain

Uranium Energy Corp. – https://www.commodity-tv.com/ondemand/companies/profil/uranium-energy-corp/ – focuses on uranium mining and processing in the U.S. At Burke Hollow in South Texas, new ISR production began in April 2026 following approval by the Texas Commission on Environmental Quality. The uranium is processed at the Hobson Central Processing Plant; Burke Hollow is integrated into the hub-and-spoke model as a satellite project.

In Wyoming, the relevant regulatory authority approved the expansion of Christensen Ranch. Three new header houses in Wellfield 11 began production during the reporting period; according to the company, five more were under construction, and another was awaiting approval. UEC reported production of 32,195 pounds of uranium concentrate from Christensen Ranch for the third quarter of fiscal year 2026. With Burke Hollow and Christensen Ranch, UEC operates two of its three U.S. hub-and-spoke ISR platforms.

The next operational milestone is Ludeman in the Powder River Basin. UEC has completed a 240-well delineation program there and plans to develop Ludeman as its third ISR mine. Processing is to take place at the Irigaray Central Processing Plant.

In addition, the subsidiary United States Uranium Refining & Conversion Corp. is working on a planned uranium conversion facility. An NRC docket has been issued, the site selection has been narrowed down to a shortlist, and, according to UEC Engineering, Fluor is supporting site selection, licensing, and development work.

IsoEnergy: High-Grade Hurricane and New U.S. Opportunity

IsoEnergy Ltd. – https://www.commodity-tv.com/play/isoenergy-ceo-on-the-disa-deal-to-enhance-the-future-us-uranium-production/ –  is a uranium exploration and development company. Its focus is on Larocque East in the Athabasca Basin in Saskatchewan, home to the Hurricane deposit. The current mineral resource estimate dated July 8, 2022, reports 48.6 million pounds of U₃O₈ as an indicated resource at 34.5% U₃O₈, as well as 2.7 million pounds as an inferred resource at 2.2% U₃O₈.

Ongoing exploration is expanding the prospects: The 2026 summer program was planned to include approximately 8,000 meters of drilling in up to 20 drill holes along the Hurricane South Trend. Elevated radioactivity was detected in each of the first four completed drill holes. Drill hole LE26-250 returned 11,075 cps over 3.5 meters, including 43,160 cps over 0.5 meters.

A second key development is the transaction with DISA Technologies, completed on August 19, 2026, to establish DISA Uranium Corporation. IsoEnergy contributed five permitted, historically producing conventional uranium mines in Utah and received 1,677,350 shares of the new company in return. At the same time, a $105 million financing round was completed. IsoEnergy invested $33 million and, following the closing, holds approximately 33% of DISA Uranium on a fully diluted basis.

DISA Uranium aims to combine HPSA technology for recovering uranium from tailings, the reactivation of conventional U.S. production, and the development of its own processing capabilities. The initial focus will be on Tony M. According to its own presentation, IsoEnergy also plans to release an updated PEA for Tony M by the end of 2026.

Conclusion: Two Different Leverage Points for the Same Supply Story

The renaissance of nuclear energy is increasing the importance of fuel supply. The WNA scenarios show why new mines, existing production platforms, and additional processing capacities could become relevant in the long term. Uranium Energy is already one step ahead in implementation: Burke Hollow is in production, Christensen Ranch is being expanded, and Ludeman is set to follow.

IsoEnergy stands out thanks to the high-grade resources at Hurricane and its new 33% stake in DISA Uranium. Rising UEC production, further permits, robust IsoEnergy drilling analyses, the Tony M PEA, and DISA’s operational progress would serve as powerful catalysts. This makes both stocks interesting candidates.

Current company information and press releases from Uranium Energy (-  https://www.resource-capital.ch/de/unternehmen/uranium-energy-corp/ -) and IsoEnergy (- https://www.resource-capital.ch/de/unternehmen/iso-energy-ltd/ -).

You can also find further information in our new Uranium Metal Report at the following link: https://www.resource-capital.ch/de/reports/ansicht/uran-report-2026-03/.

Sources and Data as of

Data as of: September 4, 2026. Company information and study findings are identified as such; editorial assessments are not company forecasts.

• IEA: The Path to a New Era for Nuclear Energy – Market Environment, Nuclear Energy, and SMRs
• IEA: Key Questions on Energy and AI – Data Centers and Electricity Demand
• World Nuclear Association: World Nuclear Fuel Report 2025–2040 – Uranium Demand Scenarios
• Uranium Energy: Q3 Fiscal 2026 Results – Production, Christensen Ranch, Ludeman, UR&C
• Uranium Energy: 2026 News Releases – Burke Hollow and Regulatory Milestones
• IsoEnergy: DISA Uranium Transaction Closing – Transaction and Financing, August 19, 2026
• IsoEnergy: Hurricane South Trend / Summer Drilling – Drilling Program and Radioactivity Measurements
• IsoEnergy: Corporate Presentation, August 2026 – Resources, DISA, and Corporate Goals

Intro Image: KI geerated

Important Notice / Disclaimer

ADVERTISING AND CONFLICTS OF INTEREST

This article is a paid marketing communication and not an independent financial analysis. It is distributed on behalf of Uranium Energy Corp. and IsoEnergy Ltd. SRC swiss resource capital AG has paid investor relations advisory agreements with both companies. This disclosure is intentionally placed at the beginning and is repeated here.

Purpose and Classification. The content is intended solely for general information and corporate communications. It does not constitute investment advice, nor does it represent an individual recommendation, solicitation, or offer to buy, sell, or hold securities or other financial instruments. No assessment of personal circumstances, investment objectives, knowledge, or risk tolerance is conducted. The decision to invest and the review of original documents, stock exchange announcements, and risks are the sole responsibility of the reader.

Sources, Information, and Forward-Looking Statements. The information has been compiled from publicly available sources and company disclosures. Despite editorial diligence, no warranty is provided as to the accuracy, completeness, timeliness, or translations. Statements regarding plans, objectives, forecasts, studies, potential developments, resource expansions, production increases, or economic potential are forward-looking. They are based on assumptions and are subject to significant uncertainties; they are not guarantees. Deviations may arise in particular due to uranium prices, permits, financing, dilution, costs, timelines, technology, environmental regulations, supply chains, political conditions, and market and project risks. There is no obligation to update this information.

Technical Information. Mineral resources are not mineral reserves, and their economic recoverability has not been proven. Study results, historical estimates, and corporate targets should be interpreted accordingly and must not be construed as guaranteed production or guaranteed profitability. Radioactivity measurements in cps are not laboratory grade specifications. The companies’ original publications are authoritative for technical details and the applicable reporting standards.

Risks. Investments in commodity, uranium, and exploration companies are speculative and may be subject to significant fluctuations. Risks include, among others, those related to exploration and resource estimation, project development, operations, permits, the environment and reclamation, safety, waste management and decommissioning obligations, financing and dilution, technology, timelines, demand, exchange rates, politics, and geopolitics. Even if the industry performs well, the value of a stock may decline. A total loss of the capital invested cannot be ruled out.

Relationships and Positions. Based on the information available, the author does not hold any shares, options, other derivatives, or direct short positions in Uranium Energy Corp. or IsoEnergy Ltd. This article was not reviewed, commented on, or approved by either company prior to publication. SRC swiss resource capital AG reports no net position. SRC is not aware of any of the issuers discussed holding a stake of at least 5% in SRC. Other SRC employees, authors, or affiliated companies may hold their own positions.

Regulatory Notice. The disclosure and editorial content are based on the transparency and objectivity requirements for investment communications, in particular Section 85 of the German Securities Trading Act (WpHG), Article 20 of the Market Abuse Regulation (MAR), and Delegated Regulation (EU) 2016/958, as well as the guidelines of the British Columbia Securities Commission (BCSC) on promotional communications and investor relations activities. This article, the securities, the company information, or their accuracy have not been approved, registered, or reviewed by BaFin, the BCSC, or any other regulatory authority. This notice does not constitute legal advice and is not a substitute for a review by a qualified legal or compliance advisor in the relevant jurisdiction.

Liability and External Links. To the extent permitted by law, we disclaim any liability for direct or indirect damages arising from the use of this information. Mandatory statutory liability claims remain unaffected. Linked external websites are outside our area of responsibility; their terms and conditions and privacy policies apply. The disclaimer of SRC swiss resource capital AG at https://www.resource-capital.ch/de/disclaimer-agb/ applies in addition. No warranty is provided for translations; in case of doubt, the original publication shall prevail.

Use of AI-powered systems. AI-powered systems may be used as editorial tools in the creation and editing of our content, particularly to assist with research, analysis, structuring, and linguistic refinement. All content intended for publication undergoes a thorough human and editorial review prior to publication, is revised as necessary, and is approved by the responsible editorial team. Editorial responsibility for the published content remains solely with the respective publisher.