Anfield Energy chief executive officer Corey Dias said that with a global nuclear renaissance underway, the company’s pursuit of advanced uranium deposits that will facilitate near-term uranium production is “critical” as the global uranium supply deficit continues to grow.

Dias said Kazakhstan and state uranium company Kazatomprom are “pivoting East” to support China in its robust nuclear growth plans and an important piece of US utility uranium supply is therefore increasingly at risk.

“This scenario highlights an unquestionable opportunity for uranium producers in the US,” Dias said.