In this interview, Mart Wolbert discusses the recent WNA Symposium and the evolving sentiment around nuclear power and uranium. He highlights a significant shift in mindset among industry experts, moving from skepticism to optimism regarding nuclear energy. The conversation delves into the current state of the uranium market, investor sentiment, and the challenges of meeting future demand. Mark emphasizes the importance of long-term contracts and the need for higher prices to incentivize supply. He also shares insights on the role of secondary supplies and provides a price outlook for uranium over the next few years.

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🗓️ Recording date: September 11, 2025

📖 Chapters
00:00 - Introduction
01:06 - WNA Symposium 2025: Atmosphere and Sentiment
03:24 - Mindset Shift in the Nuclear Industry
03:53 - Most Valuable Takeaway from WNA Symposium
08:08 - Utility Perspectives on Supply Risks
09:30 - Retail vs. Institutional Investor Sentiment
12:15 - Impact of Market Corrections on Sentiment
14:06 - Networking and Connections at WNA Symposium
16:05 - Uranium Market Cycle: Stadium Model Update
18:02 - Signals for the Second Half of the Uranium Cycle
20:16 - Key Drivers for Uranium Prices (Next 12-24 Months)
24:36 - Strategic Reserves and Utility Inventory Needs
26:12 - WNA Fuel Report Analysis
30:50 - Challenges in Ramping Up Uranium Supply
33:19 - Role of Secondary Uranium Supplies
36:14 - Uranium Price Projections (Next 5 Years)
39:05 - Navigating Volatility in Uranium Investments
39:57 - How to Follow Mart Wolbert and Contrarian Codex
41:01 - Closing Remarks