North Shore Uranium: The 11.4-Million-Pound American Uranium Drill Just Starting
Disseminated on behalf of North Shore Uranium Ltd. Cashu Group has been compensated for this content. Full disclosure at bottom
Nuclear is no longer controversial. It is consensus.
Amazon, Google and Microsoft have all signed deals to power their AI data centers with nuclear electricity. Bloomberg Intelligence estimates U.S. data centers alone will require roughly $350 billion in new nuclear capacity over the next 25 years. Uranium spot prices hit $101 per pound in January 2026 and remain elevated near $86. Bloomberg's nuclear stock gauge added $566 billion in market value through 2025.
There is one problem the headlines have not caught up to. The United States operates the world's largest fleet of nuclear reactors and produces almost none of its own uranium. The country relies on imports from Russia, Kazakhstan, and other foreign suppliers to fuel both its civilian reactor fleet and its nuclear navy. Washington is treating that dependency as a national security issue, and federal policy (executive orders accelerating domestic critical mineral production, FAST-41 permitting for select uranium projects) is now actively pushing to build a domestic uranium supply chain.
The companies positioned in that policy lane are a short list. North Shore Uranium (🇨🇦NSU / 🇺🇸NSURF) is one of them.
The Rio Puerco setup
North Shore's flagship project is Rio Puerco, in New Mexico's Grants Uranium District. The Grants District was the leading uranium-producing region in the United States from 1950 to 2002. Rio Puerco itself was discovered by Kerr-McGee in 1968. Kerr-McGee drilled more than 1,000 exploration holes, built a 260-metre vertical shaft, ventilation shafts, mining adits, and support infrastructure. The mine never reached production because uranium prices collapsed in the 1970s and the project was shelved.