Today Nomi Prins, who has given speeches to the World Bank, IMF and Federal Reserve, communicated to King World News that today is a historic day for these stocks.
October 28 (King World News) – Nomi Prins: Today is a HUGE day in the nuclear energy space. The United States today launched the largest nuclear reactor bi-national public-private partnership build commitment on record. The $80 billion US agreement with Cameco, Brookfield, and Westinghouse commits Washington to finance, permit, and co-invest in a new fleet of Westinghouse reactors built across the country.
The structure gives the U.S. government a 20 percent participation interest that will vest once it makes a final investment decision and enters definitive agreements to complete construction of at least $80 billion in new reactors. This strategic and industrial move is on par with the first nuclear build-out of the 1970s, uniting American policy and technology with Canadian uranium, capital, and project execution.
I’ve been following the steady escalation of nuclear and uranium policy moves on both sides of the border for years, and this announcement marks a key moment when Western industrial planning, corporate strategy and capital are finally aligned at grand scale.
For Cameco and Brookfield, the agreement ignites the strategy they built with their November 2023 acquisition of Westinghouse Electric Co. Headquartered in Saskatoon, Toronto, and Pittsburgh respectively, the three companies now span the entire nuclear chain: uranium mining and fuel processing in Canada, reactor engineering and component manufacturing in the U.S., and infrastructure financing across North America. The multi-platform deal secures long-term demand for uranium and conversion capacity in Saskatchewan, ties Brookfield’s global infrastructure capital directly to federally backed generation projects and restores Westinghouse to its position as the anchor U.S. reactor supplier operating with government credit and construction authority behind it.
This agreement sets a lasting demand floor for uranium miners across Canada, the U.S., and allied markets. With federal commitments now extending from fuel supply to final construction, production volumes will expand beyond defense and strategic reserves into full commercial cycles. It’s the largest public-private, international partnership ever signed in the nuclear sector and demonstrates the growing depth of strategy connecting the fuel, processing, and financing of atomic power. The momentum now building in the nuclear industry is unstoppable, and anchored in energy security, industrial policy, and a historic scale of investment that will have lasting implications on reshaping the global grid
Tavi Costa On The Gold & Silver Volatility
To listen to Tavi Costa discuss exactly where we are after the recent pullback in gold, silver and mining stocks and what to expect going forward CLICK HERE OR ON THE IMAGE BELOW.
To listen to Alasdair Macleod discuss this week’s trading in gold and silver as well as what to expect next week CLICK HERE OR ON THE IMAGE BELOW.
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