UEC and Radiant Industries Forge Strategic Uranium Supply Deal
Uranium Energy Corp (UEC) and Radiant Industries have announced a significant memorandum of understanding (MOU) to collaborate on advancing nuclear energy deployment in the United States. This partnership includes an initial transaction where UEC will supply U.S.-origin uranium concentrates to Radiant, a move aimed at bolstering the domestic nuclear fuel supply chain and supporting the growth of microreactor technology.
Key Takeaways
- Uranium Energy Corp (UEC) and Radiant Industries have signed an MOU to advance U.S. nuclear energy.
- UEC will supply U.S.-origin uranium concentrates to Radiant.
- The agreement supports Radiant’s Kaleidos Portable Nuclear Microreactor.
- The partnership aims to build a complete nuclear power value chain within the U.S.
- This aligns with White House initiatives to enhance energy security and deploy advanced nuclear technologies.
Advancing Microreactor Deployment
Microreactors are seen as a crucial innovation in the nuclear energy sector, particularly as the U.S. prioritizes energy security and the development of small modular reactors. A secure, domestic fuel supply chain is essential for the expansion of nuclear energy in the United States. Uranium, as the initial component of this chain, is a key focus. UEC’s operations in Wyoming and Texas provide a reliable source of U.S.-origin uranium, strategically positioning the company to support Radiant’s Kaleidos Portable Nuclear Microreactor.
Building a Domestic Nuclear Value Chain
Amir Adnani, UEC President and CEO, highlighted the alignment of this collaboration with UEC’s strategy to meet the growing demand for U.S.-produced uranium. He stated, "Our partnerships with next-generation reactor developers like Radiant and TerraPower, and our role as a supplier to the U.S. Strategic Uranium Reserve, position UEC to strengthen America’s nuclear fuel supply chain and deliver long-term value for shareholders." This initiative directly supports the White House’s goal to accelerate the deployment of advanced nuclear technologies.
Doug Bernauer, Radiant CEO, emphasized the importance of energy independence, noting, "Leveraging a domestic supply of uranium right here in Wyoming through this strategic partnership with UEC is a critical step in our goal to scale production of portable microreactors to 50 a year." Radiant is focused on building the entire value-add chain for nuclear energy within the U.S., from raw materials to finished reactors.
About Radiant Industries and UEC
Radiant Industries is dedicated to the mass production of nuclear microreactors. Their first reactor, Kaleidos, is a 1 MW failsafe microreactor designed for transportability to any location requiring power. Founded in 2020, Radiant plans to test its initial reactor in 2026, with customer deployments commencing in 2028. The company aims to produce the most economical and reliable portable reactors.
Uranium Energy Corp is recognized as America’s largest and fastest-growing supplier of uranium. UEC is developing low-cost, environmentally friendly in-situ recovery (ISR) uranium projects in the United States and high-grade conventional projects in Canada. The company operates three ISR hub-and-spoke platforms in Texas and Wyoming, supported by licensed Central Processing Plants and a pipeline of satellite ISR projects. UEC has also established a significant physical uranium portfolio and holds a major equity stake in Uranium Royalty Corp.
