Matt Badiali – Uranium: Why Matt Is Back In The Bullish Camp 

June 4, 2024

Matt Badiali, Editor of the New energy Investor published under the Mangrove Investor joins us to discuss his renewed bullishness for Uranium. 


Matt discusses the significant shift in Japan’s energy policies, particularly their renewed commitment to nuclear energy. This change is driven by Japan’s need to reduce its dependency on imported fuels and to support high-energy-consuming industries like data centers and chip manufacturing. The potential restart of nuclear reactors, especially the vast Kashiwazaki-Kariwa plant, could increase global uranium demand, potentially driving up prices. 


Matt also highlights the broader international context, with several countries ramping up their nuclear energy capabilities. We look at the challenges of uranium supply, noting the depleted stockpiles in Japan and the end of the Megatons to Megawatts program. Despite a recent dip in uranium prices, Matt is optimistic about another upward trend due to burgeoning demand.


The conversation touches on uranium stocks and discusses significant companies like NextGen Energy and the Sprott Physical Uranium Trust. Matt emphasizes the importance of jurisdiction and the need for more uranium production to meet future demands. The discussion also covers the Athabasca Basin, known for its high-grade uranium resources, and the need for diligent exploration and management.


Click here to visit the Mangrove Investor website to follow along with Matt.

    Jun 04, 2024 04:34 PM

    /GC day…the 5/3/24 swing low has enough volume to hold this retrace…one step at a time….glta!AMkvhvlL

    Jun 04, 2024 04:15 PM

    Australia has the uranium. Need a change in government to get it going.

      Jun 04, 2024 04:27 PM

      Yeah, Boss Energy in Australia did just make it into production, but not much else in Australia has moved forward towards production recently.

      Jun 04, 2024 04:31 PM

      Every Western country needs a new government. Lefties (criminals) have taken over.

    Jun 04, 2024 04:28 PM

    Russia said to seek French-held uranium assets in Niger

    Bloomberg News | June 3, 2024

    “Russia is seeking to take over uranium assets in Niger held by a state-controlled French company, according to people informed about the matter, in a further challenge to Western interests in Africa.”

    “Rosatom, Russia’s state nuclear company, has had contacts with Niger’s military-led authorities about acquiring assets held by France’s Orano SA, according to a person in Moscow familiar with the matter, who asked not to be named because the discussions are private. A western diplomat based in the region said talks were likely centered around mining permits. Niger accounted for about 4% of global uranium mine production in 2022, according to the World Nuclear Association.”

    Jun 04, 2024 04:30 PM

    Number of nuclear reactors under construction worldwide as of June 2023, by country

    As of June 2023, there were 57 nuclear reactors under construction worldwide. China ranked first with 21 units. It was followed by India, with eight reactors under construction at the time.

      Jun 04, 2024 04:33 PM

      USA: zero

      Too busy transferring the treasury to corporations and Wall Street gambling debts.

    Jun 04, 2024 04:37 PM

    This is the large Japanese reactor Matt specifically mentioned in the interview above:

    World’s Largest Nuclear Plant Remains Idle Despite Energy Crisis

    May 30, 2024 –

    “Kashiwazaki Kariwa, once a central player in Japan’s nuclear energy goals, has been idle since the 2011 Fukushima disaster.”

    “Nuclear power is witnessing a resurgence globally, but its restart in Japan faces political and regulatory hurdles. Japan’s heavy reliance on imported energy highlights the need for a stable electricity source that isn’t dependent on overseas fuel imports.”