(1)
And what's unfolding could put it squarely in the path of what's coming next.
Why This Matters Right Now (1)(5)(6)(7)(8)(9)
Artificial intelligence has stopped being a future story. It's a right now story backed
by $471+ billion in private funding, running 24/7 in data centers that never sleep.
The problem? Data centers can't run on part-time electricity.
According to the IEA, global power demand from AI, cryp.to, and data infrastructure is set to double by 2026, equivalent to the entire electricity consumption of Japan. And that's just the baseline forecast.
Big Tech already
knows. They're not waiting:
🔋 Amazon locked in 300 MW of nuclear power beside a Pennsylvania plant and requested 180 MW more
🔋 Meta secured 1.1 GW under a 20-year agreement
🔋 Google and Microsoft are actively reviving dormant nuclear reactors to feed their infrastructure
This isn't strategic positioning. This is desperation masked as
foresight.
And here's what most people still don't understand: AI runs on uranium.
The Uranium Shortage That's Forcing Institutions to Move
Let's talk about why Big Tech is scrambling.
In 2024, the U.S. purchased over 50 million pounds of uranium to feed its reactors while producing just 677,000 pounds domestically.
Read that again: The U.S.
produces just over 1% of its own uranium needs.
95% of supply is imported. And here's the kicker: 25% of enrichment still comes from Russia, a deal set to expire by 2028.
Energy Secretary Chris Wright made it plain: "We are moving to end Russian enriched uranium and expand domestic capacity immediately."
This isn't rhetoric. This is policy moving at light
speed.
Institutions don't move on rhetoric. They move on inevitability.
Mercuria, a $15 billion commodities giant, just built a dedicated uranium desk. Citi and Natixis followed. The world's largest energy traders don't position for supply abundance. They position for supply bottlenecks.
The question isn't whether uranium becomes critical. The question is: who's
already positioned to meet the surge?
That's where FMST comes in.
Where Foremost Clean Energy Enters the Frame ⚛️(1)(2)
Foremost Clean Energy (NASDAQ: FMST) controls one of North America's most actively drilled uranium portfolios: ten uranium projects spanning 332,000 acres across Canada's Athabasca Basin, the world's
premier uranium district where grades consistently reach 10 to 100 times the global average.
This isn't exploration-stage conjecture. This is execution in the heart of the world's richest uranium field.
And here's what FMST just accomplished.