Daily Nuclear & Uranium Market Recap
1/30/26
SEQH Capital Research
Daily Nuclear & Uranium Market Recap
January 30, 2026
Executive Summary
Uranium futures exploded to $101.55/Lbs (+3.31% DoD), 24.07% 1M / +42.63% YoY, highest since Feb 2024, on fund buying, DOE fuel deals, and supply tightness. Nuclear equities resilient amid rotation; New Earth Resources applauded DOE Nuclear Lifecycle Innovation Campus. Centrus HALEU expansion; ETFs primed for $2.7B DOE push.
Uranium Surge
Spot: $101.55/Lbs (+3.31%).
1M: +24.07%; YoY: +42.63%; ATH $148 (2007).
Drivers: Funds, data centers, U.S. regulation easing, Cameco/Westinghouse reactors, DOE $2.7B enrichment (Centrus $900M).
DOE & Policy
New Earth Applauds DOE Nuclear Lifecycle Campus
New Earth Resources praised DOE Nuclear Lifecycle Innovation Campus Initiative, advancing full fuel cycle (mining to waste) for domestic security.
Initiative supports advanced reactors/SMRs, tying mining, conversion, enrichment, fabrication, and disposal.
Enrichment/Fuel Cycle
Centrus HALEU Expansion
Centrus (LEU) awarded $900M DOE task order for enrichment; expanding Piketon, OH operations (not yet commercial scale).
Part of $2.7B DOE plan to rebuild U.S. enrichment vs. foreign imports (30% Russian pre‑ban).
Equity/ETF Action (Jan 29 Close)
URA (Global X Uranium): Rallied 99.5% past year; fees 69bps; vol 6.22M. Top: CCJ 23.36%, OKLO 10.32%, UEC 6.94%, LEU 6th.
URNM (Sprott Uranium Miners): AUM $2.15B; top CCJ 20.38%, UEC 14.10%, UUUU 5.27%.
UEC: Jan 30 pre: $16.89 (-7.78% prior day); 1Y strong.
Strategic View
Uranium $101.55/Lbs (+42% YoY) signals major breakout; DOE Campus/Centrus HALEU de‑risk supply chain. URA/URNM capture miner leverage; LEU/CCJ key holdings.
SEQH Reco: Buy URA (diversified uranium), LEU (HALEU monopoly). Uranium target $130 Q4 2026 (BofA).