# Profit Opportunities in Uranium Mining under Nuclear Renaissance

Recently, nuclear power plants have become highly sought after. Why is that? Countries are scrambling for reliable clean energy, and with AI data centers operating 24 hours a day, the demand for electricity has surged.

The focus is on: **Uranium mining is in short supply**.

Cameco is one of the largest uranium producers in the world, and the current situation is particularly favorable for it—

**Demand Side**: The number of nuclear reactors under construction/planning worldwide has reached a record high, and the level of thirst for nuclear fuel is unprecedented.

**Supply Side**: For decades, there has been a severe lack of investment in mines, especially in locations outside of Russia, resulting in a huge supply gap. This means there is strong upward potential for uranium prices.

Cameco's latest quarterly report reveals key information: the company is gradually increasing sales volume, but is using a "market-based pricing mechanism" — implying that it is waiting for uranium prices to continue rising. The McArthur River and Cigar Lake mines have high grades and low costs, and the higher the uranium price, the fatter the profits.

Although sales volume decreased last quarter, the average price increased, and in the end, we still maintained profitability. This is the power of scarce resources.

Of course, the parabolic rise is not guaranteed, but if nuclear energy truly becomes the main player in future energy, Cameco has indeed caught the wave.