DevEx Resources (DEV) JMM & Tribeca Nuclear Energy Forum 2026 summary

Market and industry overview

• Energy security is now a top global priority, driving renewed focus on nuclear power and significant planned growth in nuclear capacity worldwide.

• Uranium supply is lagging behind rising demand, with prices at decade highs and a persistent supply deficit expected to worsen as new reactors come online.

• Major technology companies are securing nuclear power to support AI and data center growth, further accelerating electricity demand in developed markets.

• Governments and financial institutions are pledging to triple nuclear capacity, with regulatory and financing support increasing globally.

• Conversion and enrichment bottlenecks are being addressed, but uranium mine supply remains the critical constraint, with new projects requiring years to come online.

Investment strategies and fund performance

• The Tribeca Nuclear Energy Opportunities strategy, now in its eighth year, has delivered strong returns, outperforming passive ETFs through active management and exposure across the nuclear value chain.

• The fund has increased its allocation to nuclear innovation, including small and advanced modular reactors, reflecting new demand from tech and data center clients.

• Active management allows for shorting, hedging, and dynamic portfolio adjustments, differentiating from passive ETF approaches.

• Volatility in uranium equities is seen as an opportunity for medium-term investors to accumulate positions in quality companies.

Company presentations and project updates

• Peninsula Energy is ramping up production at its fully licensed Lance Project in Wyoming, targeting 400,000–500,000 pounds in 2026 and 500,000–600,000 pounds in 2027, with significant exploration upside and minimal current offtake commitments.

• Alligator Energy is advancing the Samphire Uranium Project in South Australia, with a field recovery trial underway, BFS in progress, and first production targeted for 2030–2031, supported by strong local infrastructure and a skilled ISR team.

• DevEx Resources is focused on exploration in the Northern Territory, consolidating a large, highly prospective land package and building strong relationships with traditional owners and government, aiming to become a multi-asset uranium producer.