Scott Melbye: Uranium Prices Will Break Higher Fast as the Structural Deficit Grows

In this interview, Scott Melbye, Executive Vice President of Uranium Energy Corp and President and CEO of Uranium Royalty Corp, discusses the current state of the uranium market and the structural supply deficit that is developing. With spot prices remaining around $85 per pound for an extended period, Melbye explains why he expects prices to move higher as demand continues to grow while new supply remains constrained. He outlines the long-term imbalance between uranium supply and demand, including the impact of limited investment during the previous bear market and the challenges of bringing new production online in a timely manner. Melbye also addresses Uranium Energy Corp’s transition into active production across its U.S. assets and its strategic plans to develop downstream capabilities, including a proposed conversion facility in the United States. He provides insight into the company’s cost structure and how it is positioned to benefit from higher uranium prices. The discussion also covers the recent combination of Uranium Royalty Corp with Sweetwater Royalties and how this transaction supports the company’s growth strategy in the uranium sector. Sign up to Mining Network's FREE weekly newsletter: https://miningnetwork.co.uk/sign-up/ 00:00 Welcome & current uranium market conditions 01:12 UEC’s transition into production 03:05 Plans for U.S. conversion capacity 04:05 Uranium supply and demand fundamentals 06:18 The structural deficit outlook 06:45 Geopolitical risks to global supply 08:33 Utility contracting behaviour 10:46 Factors influencing uranium equities 14:40 Decline of secondary supplies 16:15 Price outlook and market dynamics 19:57 Uranium Royalty and the Sweetwater transaction 23:00 Cost position and margin potential 25:55 Long-term growth strategy This interview is brought to you in partnership with Copper Giant. Learn more about the Mocoa copper-molybdenum project: https://coppergiant.co Disclaimer This interview is for educational and informational purposes only and does not constitute investment advice. Mining Network and its affiliates may hold positions in companies discussed. Always conduct your own due diligence. All figures are as of the interview date and subject to change.