UEC, Radiant Announce U.S. Uranium Supply Agreement for Microreactors

Uranium Energy Corp (UEC) and Radiant Industries have signed a memorandum of understanding (MOU) to collaborate on advancing the deployment of nuclear energy in the US and building the full nuclear value chain. As part of this agreement, UEC will supply uranium concentrates to Radiant at mutually agreed terms. This collaboration aims to support the deployment of microreactors and build a nuclear power value chain in America.

Uranium Energy Corp (UEC) and Radiant Industries Incorporated have signed a memorandum of understanding (MOU) to collaborate on advancing the deployment of nuclear energy in the United States and building the full nuclear value chain. As part of this agreement, UEC will supply uranium concentrates to Radiant at mutually agreed terms. This collaboration aims to support the deployment of microreactors and build a nuclear power value chain in America.

The MOU was announced on May 7, 2025, and marks a strategic partnership between UEC and Radiant. UEC, a leading supplier of uranium in the U.S., will provide a reliable source of domestic uranium to Radiant, which is developing the world's first mass-produced nuclear microreactors. The first of these reactors, Kaleidos, is a 1 MW failsafe microreactor that can be transported anywhere power is needed.

Amir Adnani, UEC President and CEO, stated, "Our collaboration with Radiant aligns with UEC's strategy to lead in the emerging demand for U.S.-produced uranium. With the White House seeking to accelerate the deployment of advanced nuclear technologies, our partnerships with next-generation reactor developers like Radiant and TerraPower, and our role as a supplier to the U.S. Strategic Uranium Reserve, position UEC to strengthen America's nuclear fuel supply chain and deliver long-term value for shareholders."

Doug Bernauer, Radiant CEO, added, "America must lead the way in energy independence. Leveraging a domestic supply of uranium right here in Wyoming through this strategic partnership with UEC is a critical step in our goal to scale production of portable microreactors to 50 a year. From the rocks to the reactors, the US should be seeking to build the entire value-add chain in the US."

This partnership comes at a time when the U.S. government is focusing on energy security and advancing small modular reactors. The Trump administration has indicated plans to speed up the deployment of nuclear reactors, potentially leveraging executive orders to avoid licensing delays from the Nuclear Regulatory Commission [2].

The collaboration between UEC and Radiant is a significant step towards achieving the White House's goal of energy independence and strengthening the U.S. nuclear fuel supply chain. As UEC continues to ramp up its uranium production and exploration activities, this partnership positions the company to play a crucial role in the future of nuclear energy in the United States.

References:
[1] https://www.prnewswire.com/news-releases/uranium-energy-corp-and-radiant-industries-announce-us-uranium-supply-agreement-to-support-deployment-of-microreactors-building-the-full-nuclear-power-value-chain-in-america-302448032.html
[2] https://seekingalpha.com/news/4442503-trump-administration-will-seek-to-speed-up-nuclear-deployment-axios