Nuclear comeback: How AI is revitalizing the sector and American Atomics is becoming a key player alongside General Electric and Siemens

GE Vernova and Siemens: The architects of the infrastructure

GE Vernova is a prime example of the new nuclear power. After spinning off from its parent company, General Electric, the Company has positioned itself as a pure energy specialist and, according to reports in the Financial Times, is pushing ahead with the commercialization of small modular reactors (SMRs). Technologies such as the BWRX-300 SMR promise to make nuclear power plants faster, cheaper, and above all safer to build, as they can be passively cooled and are less susceptible to human error. GE Vernova is thus supplying the hardware for the decentralized energy supply of the future, in which data centers could operate their own small power plants.

On the other side of the Atlantic, Siemens and Siemens Energy are playing a crucial role in integration. Nuclear power must be distributed via grids. Market observers are already calling grids the "new gold" – and Siemens supplies the essential technology for this. While GE generates the energy, Siemens ensures that it gets to where the AI processors need it around the clock. Both companies are core investments for the nuclear supercycle, but due to their size, their percentage growth jumps are often limited.

American Atomics: The integrated approach as a lever for returns

This is where American Atomics comes in, a company that fills the gap created by years of neglect of Western supply chains in the uranium sector. The Company takes an integrated approach that goes far beyond simply mining rock. American Atomics covers the value chain from exploration and processing to technological solutions for conversion and enrichment. Its core asset is the Big Indian project in the historic Lisbon Valley district in the US state of Utah. The geology here speaks for itself: historically, around 78 million pounds of triuranium dioxide (U₃O₈) have been mined on the western flank of the district. American Atomics has secured the geologically comparable but hitherto largely unexplored eastern side, addressing massive discovery potential in one of the safest jurisdictions in the world.

However, what sets American Atomics apart from traditional explorers is its technology partnership. Together with partners such as CVMR Corporation, the Company is planning a central processing plant that will set new standards in environmentally neutral metal refining. As highlighted on CVMR's corporate website, the partner is known for its expertise in refining critical minerals and its collaboration with the US Department of Energy (DOE). This cooperation enables American Atomics to position itself in the most profitable stages of uranium processing. Another key lever is the development of proprietary fuel technologies, which are to be scaled from laboratory scale to pilot phase, promising enormous value growth with controlled capital expenditure.

Conclusion: Asymmetric opportunity in the uranium market

American Atomics offers investors a rare constellation. While GE and Siemens are the leading names in reactor technology, American Atomics has access to fuel and enrichment technology. According to an analysis by Simply Wall St, with a market capitalization of only around CAD 12 million, the stock offers an extremely attractive risk-reward profile compared to the billion-dollar valuations of the industry giants. Its strategic focus on US supply security, flanked by partnerships with technology leaders such as CVMR and its location in Utah, makes American Atomics a potential takeover candidate or strategic partner for large utilities desperately seeking secure uranium from North America.

According to renowned investors such as Eric Sprott, the structural supply deficit in the uranium market is cemented for years to come, putting companies with good assets and better technology in pole position for the coming bull market. American Atomics' stock strikes a chord in several ways: on the one hand, uranium is a strategic resource that the US government wants to promote in its own country; on the other hand, uranium is closely linked to important future technologies such as AI.