President Donald Trump’s recent executive orders (EOs) have laid the foundation for a new era in U.S. nuclear power, with a bold ambition: quadruple the country’s nuclear power output by 2050. For Australia, home to the world’s largest uranium reserves, this is more than policy—it’s opportunity.

A Flash of History, A Glimpse of the Future

On July 16, 1945, the world changed in a burst of atomic fire during the Trinity test in the New Mexico desert. That 600-metre-wide fireball marked humanity’s entry into the nuclear age.

Now, 80 years later, nuclear energy provides 9% of global electricity, and the U.S.—home to 94 reactors—is poised to lead a new nuclear revolution.

Trump’s Nuclear Blueprint

The newly signed EOs target increasing U.S. nuclear power generation from 100GW to 400GW by 2050. The plan includes:

• Expanding current nuclear plants
• Constructing at least 10 new large reactors by 2030
• Powering AI infrastructure and data centres

These initiatives are supported by federal funding and Department of Energy grants. But reactors need fuel—and that fuel is enriched uranium.

Breaking Free from Russian and Chinese Dominance

Russia and China together dominate around 57% of global enriched uranium production. Trump’s EOs aim to break this dependency by:

• Invoking the Defense Production Act to declare a national emergency
• Expanding U.S. uranium enrichment and conversion facilities
• Launching a domestic nuclear fuel recycling and reprocessing sector

This reshoring of the uranium supply chain could dramatically shift global uranium demand.

Why This Matters to Australia

Australia holds roughly one-third of the world’s known uranium resources, though many remain untapped due to state-level mining bans.

Currently, South Australia leads with active production, but exploration prospects span the continent.

With strong political and economic ties to the U.S., Australia is well-positioned to fill the uranium demand gap emerging from the American nuclear resurgence.

“You can’t expand nuclear energy, conversion, or enrichment capacity without a reliable supply of uranium.” – Felicity Repacholi, MD, Recharge Metals

ASX Uranium Miners Step Into the Spotlight

Recharge Metals (ASX:REC) is one of several ASX players ready to seize the moment. Its Carter Project in Montana contains approximately 5.1 million pounds of uranium and is currently undergoing the permitting process—potentially accelerated under the EOs.

“There’s now real momentum from the U.S. government to reduce reliance on foreign uranium supply… The US needs uranium and Recharge aims to be part of that solution.” – Repacholi

The market is already responding:

• Boss Energy (ASX:BOE): +24% in one month
• Deep Yellow (ASX:DYL): +16.7%
• Terra Uranium (ASX:T92): +16.67%
• Recharge Metals (ASX:REC): +80%

The AI Arms Race and Nuclear Energy

As AI continues to proliferate, its hunger for energy grows. Tech giants with climate targets are turning to nuclear:

• Microsoft signed a 20-year deal to restart the Three Mile Island reactor
• Google ordered small modular reactors from Kairos Power
• Amazon acquired a nuclear-powered data centre from Talen Energy

Goldman Sachs predicts that just U.S. data centres alone may require 85–90GW of nuclear power by 2030.

Global Demand on the Rise

According to the World Nuclear Association, uranium demand is projected to increase:

• +28% from 2023 to 2030
• +51% from 2031 to 2040

That’s a jump from 80,000 tonnes to 120,000 tonnes by 2040.

Whether it’s driven by geopolitical shifts or tech-fuelled demand, the uranium bull case is gaining momentum—and Australia is squarely in the driver’s seat.

This article is for informational purposes only and does not constitute financial advice. Please consult a licensed financial advisor before making investment decisions.

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