Roger Lemaitre: The Uranium Supply Crisis Is Getting Worse

Nuclear power is back—but can the uranium industry keep up? At the 2026 Rick Rule Symposium, Homeland Uranium CEO Roger Lemaitre explains why the biggest challenge isn't demand—it's finding enough supply to fuel the next generation of reactors. Even under conservative forecasts, uranium demand is expected to surge, yet the industry would need the equivalent of 11 new Cigar Lake-sized discoveries over the next 15 years to keep pace. Lemaitre discusses why permitting is improving in the U.S., why investors should focus on the long-term contract market instead of volatile spot prices, and why companies with defined resources and a clear path to production are separating themselves from the rest of the sector.