Palisades Gold Radio · Thursday, October 1, 2026
Despite the buzz surrounding Small Modular Reactors (SMRs), Justin Huhn states they are not a significant factor in current uranium demand models, with no SMR-driven demand projected until 2031. While SMRs offer advantages like longer refueling cycles and advanced designs, their actual impact on uranium demand is considered a 'bonus' or a long-term catalyst. Huhn's conservative models do not account for SMRs until significant construction is underway, though he acknowledges potential earlier demand.
“As far as our own models, our own internal models and supply and demand goes, it's really not that important of a metric.”
“In our models, we have no SMR demand until 2031, zero.”
“The hyperscalers are interested in SMRs as far as new nuclear goes.”