Metals One (MET1) director Craig Moulton has argued that the company is “well positioned” following the nuclear energy-related executive orders signed by President Trump on 23rd May.
These orders are designed to speed up reactor testing, allow the Departments of Energy and Defense to build nuclear reactors on federally owned land, overhaul the Nuclear Regulatory Commission and boost the United States' mining and enrichment of uranium.
On 22nd May Metals One announced the initiation of exploration programmes at its new U.S. uranium and vanadium projects in Colorado and Wyoming.
The company is commencing exploration work in anticipation of completion of the acquisition of these U.S. uranium projects, located in historically productive uranium mining districts.
The deal remains subject to various conditions as outlined in the 24 April 2025 announcement.
"The direction of U.S. energy policy clearly signals a growing commitment to nuclear power as a cornerstone of national energy independence and climate strategy,” said Craig Moulton, chair of Metals One.
“These executive orders to support uranium production and advanced nuclear technologies are fully aligned with Metals One's strategic entry into U.S. uranium exploration. With phase 1 exploration already underway, we are well positioned to contribute to the next generation of domestic nuclear supply and energy resilience."
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Many, including the fund managers of Geiger Counter, a fund specialising in uranium, expect the uranium price to move sharply ahead over the coming months. Securing power is set to be one of the major political and geopolitical factors this century, and President Trump does not intend the US to be left behind in this matter. Locally-sourced uranium will be needed for the US’s nuclear industry, and Metals One has put itself in pole position as a potential supplier.