Uranium expert Mike Alkin reveals shocking structural deficits hitting 70 million pounds per year through 2040, with global inventories at decades-low levels and utility replacement rates stuck at just 45% since 2013—draining stockpiles fast. He exposes the critical shortage of uranium mining know-how, failed ISR chemistry in brownfield restarts producing 50% below guidance, and a dire lack of quality projects amid skyrocketing costs and 20-year development delays. As WNA demand forecasts surge 50% higher than 2019 levels, Alkin warns: proven teams with real skin in the game are rarer than economic pounds—making incumbency the ultimate premium in a market where the uranium fairy won’t deliver.

🗓️ Recording date: November 11, 2025