Peninsula Energy (PEN) JMM & Tribeca Nuclear Energy Forum 2026 summary

Key industry trends and demand drivers

• Surging electricity demand from AI, data centers, and electrification is driving renewed growth in nuclear power, especially in the U.S. and Europe after decades of stagnation.

• Major tech companies are now directly investing in nuclear capacity, including small modular reactors and life extensions for existing plants.

• 38 countries and 14 major banks, including the World Bank, have pledged to triple nuclear capacity, with financing support accelerating project development.

• Supply chain bottlenecks in conversion and enrichment are being addressed, but uranium supply remains a critical constraint, with prices not yet incentivizing new production.

• China and India are aggressively securing uranium supply through long-term contracts, while Western utilities risk being caught off guard.

Market outlook and investment landscape

• Uranium prices are rising, but spot and term prices lag the true forward value needed to incentivize new supply, especially amid cost inflation in mining.

• The next wave of nuclear growth post-2030 is expected to be driven by commercialization of small modular reactors, requiring further uranium investment.

• Companies actively developing projects and solving supply challenges are likely to attract the most attention and capital in the coming years.

• Volatility in the sector creates opportunities for medium-term investors to enter at attractive valuations.

Company highlights and project updates

• Peninsula Energy is ramping up production at its fully licensed Wyoming ISR project, targeting 400,000–500,000 pounds in 2026 and 500,000–600,000 pounds in 2027, with significant exploration upside.

• Alligator Energy is advancing its Samphire Uranium Project in South Australia, with a field recovery trial underway and first production targeted for 2030–2031, supported by robust scoping study economics.

• DevEx Resources is consolidating a large, highly prospective land package in the Northern Territory, aiming to become a multi-asset uranium producer and focusing on strong stakeholder relationships and exploration strategy.