Melbye

During an interview for Kitco News at the 2025 Prospectors & Developers Association of Canada (PDAC) Convention, held in Toronto in early March, the chief executive of British Columbia–based Uranium Royalty Corp. noted, “I’ve never seen a better narrative around nuclear power [and] uranium.”

CEO Scott Melbye, who is also executive vice president of Texas-based Uranium Energy Corp. and has 41 years of experience in the uranium sector, added that nuclear energy has gone from stagnation or decline to a point where it may double by 2040.

The Interior Department’s U.S. Geological Survey (USGS) this week revealed its draft revised list of critical minerals—those deemed essential to economic and national security—and uranium is not on it.

The list was initially developed in 2018 in response to a December 2017 Trump administration executive order. Uranium was included as one of 35 minerals on that list.