According to a report by Mining.com, Facebook's parent company Meta has signed deals with three US utilities to purchase enough electricity to power 6 million homes by 2035, further boosting demand for nuclear energy and uranium. The agreements, which cover up to 6.6 gigawatts of power, will support Meta's operations and its Prometheus supercluster. This development comes as Canadian investment trust Sprott disclosed new purchases of physical uranium, bringing its total holdings to about 75.2 million pounds. The spot uranium price remains high at $82 per pound, with a 12% rise over 2025. As the nuclear industry experiences a revival, driven in part by the growing demand for power from data centers and AI infrastructure, investors and industry professionals are taking notice.

Nuclear Revival