Gerardo Del Real,
Editor
Dec. 3, 2025
Last month, I shared my thoughts on energy, where it’s headed, and why, to subscribers of Junior Resource Monthly.
I want to share that with you today because Nick Hodge and I will soon be offering one of the more compelling uranium financings we’ve done in a while… and last month’s piece lays out the case for why uranium is headed much higher.
The financing will go live in the next week and a half to subscribers of Private Placement Intel.
And just like the last several financings, we are taking it all down, and it will be oversubscribed. I expect that, like the last several financings, we will be up triple digits on it in very short order.
I hope you enjoy the piece.
Miners Meet Tech Bros
I told you last month that the US is building a government resource bank. Uranium is leading the way in terms of dollars needed for buildout of the once-booming industry.
Yes, the Sam Altmans and Elon Musks of the world want to win the AI race, which requires massive amounts of energy, clean energy of which uranium is the most sustainable option in a world where trillions of dollars are being allocated towards winning the AI war.
Morgan Stanley recently calculated it would be as large as $2.9 trillion in capex funding needs, of which at least $1 trillion will come in the form of debt (and mostly private debt).
Last year, Morgan Stanley calculated that the US would need at least 36 GW in new power to be brought online by 2028 to energize all the data centers to date. That was last year. That energy has to come from somewhere or the lights don’t come on.
See the red bar? That’s just a peek at what the energy shortfall looks like as of last year.
The money will be there. It’s the government, and it’s here to help. According to Energy Secretary Chris Wright, nuclear power will receive most of the money from the Energy Department's Loan Programs Office (LPO).
The LPO has hundreds of billions of dollars in financing aid, including loan guarantees for projects that struggle to get bank loans.
"We have significant lending authority at the loan program office," the Secretary of Energy said at a conference hosted by the American Nuclear Society in Washington D.C. "By far the biggest use of those dollars will be for nuclear power plants, to get those first plants built. The US currently has no commercial nuclear reactors being built, though several intend to reverse their permanent shutdown status and open again, and there are other plans to build new large and small reactors."
The Energy Department has stated it is considering matching private dollars by as much as four to one with low-cost debt. Heck, maybe they can even get a 50-year loan? What could possibly go wrong?
Back to my simple premise. If nuclear plants and SMRs aren’t built then the AI bubble will go Fourth of July on everyone and the stock market could see a severe correction.
I could bore you with more charts and numbers and predictions but I’ll keep it simple. Primary uranium supply is already in a deficit. Secondary supply that has kept prices low for some time will be exhausted in short order.
Uranium is headed higher. Real companies with North American exposure will soar. Get positioned.
Let's get it,
Gerardo Del Real
Editor, Daily Profit Cycle