Going Nuclear with Justin Huhn and Trevor Hall

In this episode of Going Nuclear, Trevor Hall and Justin Huhn sit down with Colin Healey, CEO of Premier American Uranium, for a wide-ranging discussion on the future of uranium exploration and production in the United States. Colin shares his perspective after more than 16 years as a leading uranium equity analyst, explaining why today's supply-demand fundamentals, government policy, and growing nuclear demand create one of the strongest setups the sector has seen in decades. The conversation also explores Premier American Uranium's portfolio in Wyoming and New Mexico, the challenges and opportunities of permitting new uranium projects, and why domestic production has become a strategic priority for the United States. Trevor, Justin, and Colin also discuss the role of utilities, evolving contracting dynamics, and why the uranium market may be entering a period where producers have greater influence over pricing than ever before.

Deep Isolation CEO Rod Baltzer joins Going Nuclear to discuss one of the least understood but most important challenges facing the future of nuclear energy: long-term nuclear waste disposal. The conversation explores how Deep Isolation is applying advanced directional drilling technology from the oil and gas sector to create deep borehole disposal systems designed to safely isolate spent nuclear fuel far underground for thousands of years. Rod explains the current bottlenecks surrounding nuclear waste management, the economics of storage and disposal, and why solving the backend of the fuel cycle is becoming increasingly important as small modular reactors and advanced nuclear technologies scale globally. From public market ambitions and international partnerships to the engineering behind disposal canisters and horizontal boreholes, this episode offers a rare deep dive into the future of nuclear waste infrastructure.

In this episode of Going Nuclear, Trevor Hall and Justin Huhn unpack the growing disconnect between quiet uranium markets and increasingly bullish fundamentals building beneath the surface. The conversation dives into a wave of global reactor restarts, shifting energy policy toward sovereignty, and why the nuclear narrative has moved beyond decarbonization toward grid stability and security. Justin also outlines how U.S. regulatory reform and fuel cycle constraints could reshape the long-term uranium market, even as prices remain rangebound today. It’s a timely look at why the “de-risking” of nuclear may not be priced in—yet.

Trevor Hall and Justin Huhn kick off this episode of Going Nuclear by analyzing how the ongoing conflict in the Middle East has accelerated a "snowballing" global theme of sovereign energy security. The hosts discuss the current market conditions and the strategic importance of long-term uranium contracting, specifically highlighting India’s recent massive procurement of nearly 50 million pounds. They also examine Germany’s public expressions of regret regarding its shuttered nuclear fleet while noting positive regulatory momentum for life extensions at California's Diablo Canyon.

The conversation then shifts to the frontier of nuclear technology with Sam Gibson, CEO of Hadron Energy, who is developing a 10-megawatt micro-reactor small enough to fit in a shipping container. Gibson details how his company leverages 70 years of light water reactor history to create factory-fabricated units that can be transported by semi-truck and are currently leading the way in NRC licensing. He explains that while remote communities and military bases offer vital use cases, data centers are the fastest-moving early adopters currently driving the company's multiple gigawatts of potential demand. Finally, the episode explores Hadron's transition to the public markets through a strategic merger, positioning the company to own and operate the resilient, carbon-free energy infrastructure of the 2030s.

In this episode of Going Nuclear, Andrew Weekley of Smith Weekly Research joins the program to discuss the necessity of adaptation and capital preservation amidst heightening global volatility and geopolitical friction. Weekley details his current defensive posture of keeping "one foot out" of the market by maintaining high cash reserves, citing concerns over broad market manipulation and the impending risk of a significant correction. The conversation explores the structural challenges facing the uranium industry, specifically the severe lack of technical expertise and the logistical hurdles likely to delay anticipated greenfield production restarts. Finally, the episode highlights the importance of identifying company-specific value creators and explains why the team remains cautiously optimistic about the long-term outcomes for uranium, gold, and silver despite near-term market "chop".

Jake Jurewicz, co-founder and CEO of Blue Energy, discusses the innovative approaches his company is taking to address the challenges of nuclear energy development. He emphasizes the importance of financing, prefabrication, and strategic partnerships in making nuclear power more viable and attractive to investors. The discussion also touches on the transition from gas to nuclear, site selection for small modular reactors (SMRs), and the regulatory environment affecting the industry. Jurewicz expresses optimism about the future of nuclear energy and the potential for a renaissance in the sector as demand for clean energy continues to grow.

Steffan Szumowski, a 16-year US Nuclear Navy veteran and author of "The Nuclear Review," joins the show to discuss the accelerating momentum of the domestic nuclear industry under the current administration. The conversation covers the Department of Energy's ambitious "breakneck" push to have three new reactors attain criticality by July 4, 2026, supported by new pilot programs for both reactors and fuel. Szumowski explains the strategic effort to onshore the supply chain by awarding $900 million contracts to companies like Centris and Orano to build domestic enrichment capacity and eliminate reliance on Russian supply. The guests explore how the massive power needs of AI data centers are driving "hyperscaler" deals with advanced reactor companies like Oklo and TerraPower, even as debate continues over the future of large-scale AP1000 deployments. Szumowski shares insights from his experience operating submarine reactors and highlights why real engineering progress is the only way to win the race among 126 different small modular reactor designs.

Support for this podcast and all of Clear Commodity Network comes from TerraHutton.

Trevor and Justin discuss the current state of the uranium market, focusing on recent trends, Cameco's quarterly financials, and strategic partnerships in the nuclear sector. They analyze the implications of market corrections, the challenges faced by uranium producers, and the potential for future growth driven by new technologies and government initiatives.

The latest episode of Going Nuclear welcomes Dr. Benjamin Reinke, Vice President of Global Business Development and Deputy Chief Commercial Officer at X-Energy. X-Energy is a leading American nuclear reactor fuel design engineering company focused on developing the Xe-100, a generation four high temperature gas cooled small modular reactor. The Xe-100 is powered by proprietary TRISO-X fuel, engineered to be melt-proof, ensuring safe, clean, and scalable energy for electricity and industrial process heat applications. Reinke explains that the reactor’s high operating temperatures expand its use cases beyond traditional base load power, offering opportunities like providing high-temperature process steam to heavy industry. This capability was first realized through X-Energy’s partnership with Dow Chemical, marking the first industrial sale of nuclear power from a vendor to a global commodity producer. Additionally, X-Energy recently made headlines with its landmark deal with Amazon, which invested heavily in the company and committed to off-take power from a minimum of five gigawatts of Xe-100 reactors by 2039. The company is also pursuing fleet deployment internationally, having partnered with Centrica, the largest UK-owned utility, to target a six gigawatt deployment in the United Kingdom. With these significant commercial successes totaling over 11 gigawatts, Reinke emphasizes that X-Energy’s current focus is now on project delivery, supply chain scaling, and the construction of their first commercial-scale TRISO-x fuel facility.

In the first half of the show, Trevor and Justin dive into the latest developments in the uranium market. Fresh off a trip to the World Nuclear Association's 50th-anniversary conference in London, Justin shares his key takeaways from the event, which saw record attendance and overwhelmingly positive sentiment from producers, utilities, and banks alike. Both discuss how the market focus has shifted decisively back to uranium after years of concentrating on conversion and enrichment services. They break down the recent surge in the uranium spot price.

For the second segment, Trevor and Justin are joined by a special guest, Pat O'Brien, Director of Government Affairs at Holtec. Pat gives an inside look at Holtec's groundbreaking project to restart the Palisades nuclear power plant in Michigan, which is poised to be the first US nuclear plant ever to be brought back online after a permanent shutdown. The restart project is on track to be completed "on time and under budget" thanks to a combination of private funding, $300 million in state grants, and a $1.52 billion loan from the Department of Energy.

In this episode of "Going Nuclear," Justin and Trevor dive into the complexities of long-term contracting in the uranium market. They discuss the recent trends, including the strategic moves by utilities and the unique approaches of international players like Korea. With insights into the evolving pricing dynamics and the implications for future supply, this episode offers a comprehensive look at how long-term contracts are shaping the uranium industry's landscape. 

Trevor Hall and Justin Huhn discuss the explore the recent developments in the spot uranium market, including significant financial movements by the Sprott Physical Uranium Trust, and the implications for uranium prices and equities. The conversation also touches on the expected utility demand and seasonal trends, as well as the increasing interest from tech companies in the nuclear sector, highlighting Nvidia's investment in small modular reactors.

In this episode, Trevor and Justin discuss the recent executive orders aimed at expanding nuclear energy in the U.S., including plans for new reactors and regulatory reforms. They analyze market reactions to these developments, investor sentiment, and the implications for uranium stocks.

The episode also features an interview with Rebecca Tuhus-Dubrow, author of the new book titled "Atomic Dreams: The New Nuclear Evangelists and the Fight for the Future of Energy". Justin and Rebecca discuss the evolving landscape of nuclear energy, particularly focusing on the Diablo Canyon plant in California. They explore community perspectives, shifting sentiments within the environmental movement, and the case for nuclear energy beyond climate concerns. The conversation also touches on the future of energy demand, challenges facing Diablo Canyon, and the potential of advanced nuclear technologies.

In this episode, Trevor Hall and Justin Hune discuss the recent fluctuations in the uranium market, highlighting the wild sentiment swings and significant policy reversals in nuclear energy across various countries. They delve into the ambitious goals set by the U.S. to quadruple nuclear capacity by 2050, the challenges of financing nuclear projects, and the dynamics of the spot price in the uranium market. The conversation sets the stage for an insightful discussion with guest expert Steve Everly from FTI Consulting, focusing on energy policies and the future of nuclear energy.

Steve discusses his extensive background in energy policy, particularly focusing on nuclear energy. He highlights the unique gaps that nuclear can fill in the energy landscape, especially in light of the growing need for reliable, low-carbon energy sources. The discussion covers the current investment landscape for nuclear energy, the role of private capital, and the importance of federal incentives. Everley also addresses the challenges in the supply chain for nuclear fuel and the increasing interest from tech companies in investing in nuclear energy solutions.

Trevor Hall and Justin Huhn share insights into a rather bleak uranium and nuclear energy market, exploring the geopolitical influences, tariff impacts, and the dynamics of American nuclear projects. They analyze the volatility in the market, the reliance on foreign uranium, and the implications for future pricing and equity trends. The conversation emphasizes the importance of understanding market signals and the potential for price movements in the coming year.

In the first segment of this Going Nuclear podcast, Trevor and Justin discuss insights from the Nuclear Financing Summit, highlighting the growing interest in nuclear energy from tech companies and the implications of political changes in the U.S. They explore the challenges and opportunities in the nuclear sector, particularly in relation to energy demand and the race for artificial intelligence. The conversation also touches on the historical context of nuclear disarmament and its potential impact on the uranium market.

In the second segment, the hosts provide an enlightening conversation. Matt Wald discusses his extensive background in nuclear energy journalism, the evolution of nuclear technology, and the current landscape of small modular reactors (SMRs). He emphasizes the importance of integrating nuclear energy into the broader energy system, addressing challenges such as regulatory hurdles and the need for a skilled workforce. The discussion also touches on the political dynamics affecting nuclear energy in the U.S., the rapid nuclear developments in China and India, and the critical need for reliable energy sources to meet growing electricity demands. Wald advocates for a balanced approach to energy production, highlighting the role of nuclear energy in achieving a low-carbon future.

Trevor Hall and Justin Huhn discuss the fallout of the nuclear energy market, particularly in light of recent events in the tech sector and their implications for uranium stocks. They explore the impact of AI on energy demand, the resilience of nuclear energy amidst market volatility, and legislative efforts to promote nuclear energy in various regions. The discussion emphasizes the long-term growth potential of nuclear energy and the importance of existing infrastructure in meeting future energy needs.

Bram Vanderelst of Curzom Uranium then joins Trevor and Justin for his second time on the podcast to discuss the current state of the uranium market, focusing on recent trends, investor sentiment, and the role of utilities. He highlights the challenges faced by junior producers and the dynamics of inventory management. The discussion also touches on the future of uranium supply and demand, particularly in the context of European production and regulatory hurdles. Bram emphasizes the importance of understanding market sentiment and the potential for significant price movements as utilities reassess their procurement strategies.

Brett Rampal discusses his journey into nuclear engineering, the evolution of nuclear energy politics over the past two decades, and his current role at Veriten. He highlights the challenges and opportunities in the nuclear energy sector, particularly regarding investment and public perception. The discussion also touches on the changing political landscape surrounding nuclear energy and the importance of addressing public sentiment and regulatory environments to foster growth in the industry. The conversation delves into the evolving landscape of nuclear energy, emphasizing the importance of community ownership, bipartisan support, and regulatory momentum. The discussion highlights the challenges and opportunities in deploying advanced reactor designs and the potential for new nuclear plants in response to growing energy demand. Brett relfects on the historical context of nuclear energy policy and the need for strategic investments to ensure a sustainable energy future.

In this episode of Going Nuclear, Trevor Hall and Justin Huhn discuss the latest developments in the nuclear energy and uranium sectors, focusing on Russian restrictions on enriched uranium and the complexities these restrictions introduce to the supply chain. They analyze the current state of uranium equities, market trends, and the potential for future price movements.

In the second segment of the episode, Joe Kelly discuss the physical nuclear energy market, focusing on uranium supply and demand dynamics, utility procurement strategies, and potential catalysts for market movement. Joe shares insights from his extensive experience in the uranium market, highlighting the importance of real-time price discovery and the evolving landscape of nuclear energy. The discussion also touches on the impact of policy changes and the future outlook for nuclear energy, emphasizing the positive sentiment surrounding the industry.

Justin Huh connect with Cory Fleck for an important discussion on the developments out of the US nuclear energy space. Microsoft has signed a power purchase agreement with Constellation which will also revive the Three Mile Island power plant in Pennsylvania. Justin and Cory talk about the growing demand for electricity and why this is an important decision to supply this demand.

Trevor and Justin discuss the recent updates in the uranium market and nuclear energy sector. They highlight the quiet summer in the uranium market and the underperformance of equities. They also discuss the impact of the yen carry trade unwind and the overreaction to production increase in Kazakhstan. They mention the low trading volume in the spot and term markets and the upcoming events that could create pressure in the market. They emphasize the importance of seasonality and the expected increase in demand from utilities in the coming months.

The two hosts then welcome in Fabi Lara, a well recognized contrarian investor and mastermind of uranium equities. The conversation between Trevor, Fabi, and Justin revolves around the current state of the mining sector, particularly uranium stocks. They discuss the challenges of investing in a boring market, the contrarian mentality required for success, and the importance of understanding supply and demand fundamentals. They also touch on the oversaturation of exploration companies and the potential for a future bull market in the mining sector. Overall, the conversation provides insights into the mindset and strategies of successful mining investors. The conversation revolves around the long-term outlook for the uranium market and the factors that could impact its growth. The speakers discuss the potential for a sustained uptick in uranium prices, driven by a lack of supply and increasing demand. They also explore the influence of general commodities resurgence on the spot price of uranium and uranium equities. The conversation concludes with a discussion on the current market risks and the importance of trading against psychology.

The conversation explores the confluence between the utility and technology sectors in the context of nuclear energy and the growing demand for electricity. Justin and Trevor highlight the increasing electricity demand driven by the growth of data centers and AI technology. Tech companies, such as Microsoft, are making moves to generate their own power and resources, including building data centers powered by nuclear energy. The conversation also touches on the role of regulation and policy in supporting the growth of nuclear energy and addressing the challenges of meeting energy demand. The potential migration of data centers to regions with abundant resources, such as the Western US, is also discussed. The conversation concludes with a discussion on the labeling and nuances of renewable energy and the need for a deeper understanding of the environmental and societal impacts of different energy sources.

In this episode of Going Nuclear, Trevor and Justin discuss the implications of the US ban on uranium imports from Russia. They explore the challenges this ban poses for utilities and the potential impact on the price of uranium. They also delve into the recent performance of uranium equities and the technical breakouts in the market. The conversation then shifts to NextGen Energy's controversial decision to take on debt to buy pounds of uranium on the market. Justin provides insights into the company's strategy and the potential benefits of holding physical inventory. Overall, the episode highlights the evolving dynamics in the uranium market and the opportunities and challenges for investors.

Jenifer Avellaneda Diaz, a nuclear energy advocate and engineer for Westinghouse, discusses her passion for nuclear energy and the misconceptions surrounding it. She emphasizes the safety and security of nuclear power and the need for accurate information. Jenifer also talks about the shift in sentiment towards nuclear energy and the growing support for it globally. She highlights the importance of reusing spent fuel and the potential for small modular reactors. Jenifer encourages people to advocate for nuclear energy and contact lawmakers to support its growth. She also mentions the need for a skilled workforce in the nuclear industry.

Justin and Trevor welcome in Kuppy, CIO of Praetorian Capital and author of Kuppy’s Korner blog. Kuppy is one of the most outspoken investors who's known for being early into major asset moves. His uranium trade idea over the past few. years is not any different.

We talk about the fundamentals behind the spot price move in uranium, if the sentiment behind the move is too frothy, and why he thinks the end move will be much higher than where we are now, but with load of volatility in between.

Justin and Trevor welcome in Doomberg, the outspoken green chicken, in this latest episode of Going Nuclear. Doomberg over the past few years has been a supporter of growing nuclear energy systems in the West. But he's also become a little bit a critic. We dive into why he thinks nuclear energy might take a breather this year. In fact, he believe a fossil fuel energy glut might be the culprit to taming nuclear expectations, despite a continued run in the uranium spot price.

We're back to wrap up the final year of the Going Nuclear Podcast with Justin and Trevor. No guest today as the two focus on the incredible year of nuclear energy and uranium equities. Justin opens up about the House Bill which passed to ban the importation of Russian enriched uranium into the US. There are, however, some caveats to this story. All this while the world continues to accept nuclear energy as the best-case scenario for the future of base load energy.

In this episode we welcome in Harry Keeling, Head of Industrial Markets with Rolls Royce Small Modular Reactors. Mr. Keeling provides a backdrop of how Rolls Royce began developing is SMR technology and how it plans to implement its vision with Great British Nuclear well into the year 2050.

Mr. Keeling shares insights with Justin and Trevor about the global adoption of SMRs, Rolls Royce's competitive advantage in the SMR marketplace, and why its technology is uniquely adaptable to both current energy infrastructure and future builds.

Justin and Trevor connect for another installment of the podcast after a very wild and bullish month of September for uranium's spot market and its equities. The two cover a number of different topics which were foundational for the move higher in spot price, including a fundamental supply and demand problem for uranium moving forward.

It has been a very eventful summer for uranium and the nuclear energy industry. Not only has spot price for Uranium run over $60 per pound, but the narrative and sentiment surround nuclear energy also continues to improve.

Host Trevor Hall and Justin Huhn discuss the moves in price along with some of the micro news out of the sector over the past couple weeks, including news out of the Sprott Physical Uranium Trust.

The two then welcom in Adam Rozencwajg of Goehring & Rozencwajg to diccuss their thesis behind investing in the uranium market. The group published a quareter newsletter a couple week ago which broke down the thesis, arguing that the uranium bear market is over and we are now in the very early innings of the next bull market.

In this latest episode of Going Nuclear, Justin and Trevor welcome Jeff Geringer. Jeff has worked in many different roles within the nuclear energy cycle. From mine developer to engineering and fuel buying, Jeff has a wide-ranging approach to uranium and nuclear energy.

And in this complex world of improved sentiment and struggling junior equities, Jeff's ideas on the ghost of uranium's bull market past is indeed worth mentioning.

Before the interview Trevor and Justin cover a few topics of uranium's geopolitics along with a future supply crunch fastly approaching the utilities.

Today, Justin and Trevor welcome in Bram Vanderelst. Bram is a uranium trader and Director, Head of uranium at Curzon. Curzon is working with Zuri Invest to lauch a new physical uranium investment tool called the uranium Activity Managed Certificate. The Investment objective is to provide direct investment exposure in physical uranium. As the uranium market is highly regulated, the physical uranium is acquired and held by the Special Purpose Vehicle in the name of the Actively Managed Certificate at a leading uranium storage facility.

Bram, Justin and Trevor discuss the current physical uranium market and why this current setup is being seen as very bullish for the spot price. We also talk about the benefits and risks of bringing another uranium investment tool to the market and how utility companies may be watching closely at these developments.

In this installment of Going Nuclear, Justin and Trevor hash out a few of the news headlines regarding nuclear energy and uranium exploration from the past couple weeks, including some good news for nuclear energy in the USA and not so great of news out of Europe.

The two then welcome in Andrew Weekly of Smith Weekly to talk about his investment and thoughts on the uranium sector. Andrew is an outspoken critic of the junior uranium equity sector despite being very bullish on the sector. He believes there are some great opportunities right now as the sector is beat up and bruised.

Andrew also talks about why some of the global OEMs are noticing opportunities for nuclear energy and why there are starting to take a look at small module reactors.

Justin Huhn of Uranium Insider and Trevor Hall of Mining Stock Daily reconnect for another installment of "Going Nuclear with Justin Huhn and Trevor Hall". The past month gave the two lots to discuss, including intriguing conversations regarding nuclear energy at the World Economic Forum in Davos a few weeks back. The source of the conversation comes from the like of Hollywood, of all places, and well-known film director Oliver Stone.

And as Justin departs, Trevor connects with Garrett Ainsworth, a well-respected and successful geologist with a background in uranium exploration. Trevor and Garrett tackle some technical, high-level discussions on uranium deposits, why they form and what makes the Athabasca Basic somewhat of a mystery, despite its endowment of uranium mineralization. And with first-hand knowledge of Swedish uranium mining law, Garrett also shares his updates on the country lifting its moratorium on uranium mining.   

Justin Huhn of Uranium Insider and Trevor Hall of Mining Stock Daily are together for the first installment of this new podcast series. Today we launch "Going Nuclear" with a well-known executive in the uranium sector, John Ciampaglia of the Sprott Physical Uranium Trust. John and the Sprott team launched the trust in the fall of 2021 and took the Uranium sector by storm. It was incredible timing and placed a resurgence in utility of uranium, but also in its spot price and connected company equities. We talk with John about the fundamentals behind Sprott, how its traded after a full year on the market, and why the company considers itself adhering to incredible responsibility in the future of nuclear energy.

ClearComm is now launching the "Going Nuclear with Justin Huhn and Trevor Hall" podcast. Justin Huhn, the author of Uranium Insider, and Trevor Hall, host of Mining Stock Daily, discuss the publication of this new podcast and what angles of the uranium and nuclear energy industry they look to tackle for listeners in 2023.