Amir Adnani, CEO of Uranium Energy (UEC: NYSE-AMERICAN) | Rule Symposium 2026: Rick Rule interviews
Rule Investment Media May 16, 2026
Summary
UEC built the largest US uranium resource base, over 500 million pounds, by buying assets cheaply through uranium's 17 bear-market years.
In-situ recovery (ISR — extracting uranium without conventional mining) keeps UEC's production costs near $35 per pound, the lowest in the country.
The US consumes about 50 million pounds of uranium yearly but produces under 2 million, importing over 95% — including from Russia and China.
Bipartisan policy support and big-tech nuclear buying for data centers are aligning market and political signals behind US uranium for the first time.
UEC is combining mining with conversion — what China and Russia already do — to capture more of the nuclear fuel value chain.
Rick Rule's takeaways
- Top takeaway Rule discloses he is a UEC shareholder ('shareholders, including this one') and interviews long-time friend and mentee Adnani on what supports the company's $6B valuation and US fuel ambitions.
- He frames the strategic setup for the interview: the US is the world's largest uranium consumer but far from the largest producer of either uranium or finished fuel.
- He promotes the 2026 Natural Resource Investment Symposium (July 6-10 in Boca Raton or via livestream), arguing it is unique in admitting only exhibitors whose shares the sponsors themselves own, backed by a money-back guarantee.