America Just Banned Russian Uranium. It Now Produces Less Than 1% of What It Needs.

Disseminated on behalf of American Atomics Inc.

Right now, somewhere in Virginia, a brand new data center is humming to life. There are hundreds more on the way.

Goldman Sachs forecasts that data center power demand will rise 165% by 2030.¹ Wind and solar cannot keep up. There is one source of steady, around-the-clock power left.

Nuclear.

Here is the problem nobody is talking about. America imports 99% of the uranium that fuels its nuclear plants. The country produces less than 1% of what it actually uses.²

In May 2024, Congress passed the Prohibiting Russian Uranium Imports Act. The full ban takes effect on January 1, 2028. That cuts off one of the largest historical suppliers of US uranium fuel.³

In November 2025, the Department of the Interior added uranium to the official US Critical Minerals List. That status unlocks federal money, faster permits, and defense priorities for any company building domestic uranium supply.⁴

The supply gap is enormous. The political will to fix it is finally here. The dollars are starting to flow.

And one tiny company holds 217 contiguous mining claims sitting on top of what could be one of the largest untested uranium deposits in the United States.

That company is American Atomics Inc. (CSE:NUKE) (OTCQB:GNEMF).

Founder Conor Lynch put it this way:

"Even if they hit that 2033 target, we're still in a massive domestic supply deficit. At the same time, globally, we're in a supply deficit. So we need to make up that gap, which is huge, from supply in the United States."

— Conor Lynch, Founder, American Atomics

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That gap is the entire investment story.⁵

Why?

Because America’s nuclear fuel chain is broken.

The US government is funneling billions into fixing it.

And American Atomics (CSE:NUKE) (OTCQB:GNEMF) could be a big part of the solution, starting with Lisbon Valley.

We’ve already seen this story play out with Centrus Energy.

Breaking News

American Atomics Announces Exercise of Second Option to Acquire 100% Interest in Colorado Uranium Project

The Stage Where the Smart Money Buys
Why American Atomics Sits at an Inflection Point in the US Fuel Cycle

In June 2020, you could buy shares of Centrus Energy for about $10. Almost nobody was paying attention.

By late 2025, Centrus shares hit a 52-week high of $464.25. The market cap reached roughly $4 billion.⁶

That is what happens when a small fuel company suddenly becomes essential to US energy security.⁷

In January 2026, the Department of Energy awarded Centrus a $900 million task order to build domestic uranium enrichment capacity. The award was part of a $2.7 billion package handed out to just three companies.⁸

Now look at where American Atomics Inc. (CSE:NUKE) (OTCQB:GNEMF) sits today. Early stage. Tight float. Building toward the same problem that lifted Centrus from a forgotten ticker into a multi-billion-dollar story.

This is the part of a story where the smart money pays attention.

Why are investors looking at American Atomics?

The United States imports 99% of its uranium. The Russian ban takes full effect in 2028. America's nuclear fuel chain is broken. The US government is funneling billions into fixing it. And American Atomics could be a big part of the solution, starting with Lisbon Valley.

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What American Atomics Has Already Locked Down The Five Pieces That Cover the Full Fuel Cycle

Most uranium juniors focus on one slice of the supply chain. They pick a lane.

American Atomics (CSE:NUKE) (OTCQB:GNEMF) took the opposite approach. The plan is to control the entire chain, from rock in the ground to fuel in the reactor.

Here is what is already in place.

Big Indian flagship project. In March 2026, NUKE signed a definitive earn-in agreement to acquire up to 80% of 217 contiguous mining claims in San Juan County, Utah.

The claims dominate the east flank of Lisbon Valley, a district that has historically produced roughly 78 million pounds of uranium from the west side alone.⁹

In 2014, an oil and gas company drilled 58 holes through the east flank looking for petroleum. 28 of those holes lit up on the gamma logs at 10 to 12 times background radiation, the kind of signal you only get from a uranium deposit.

If the readings prove out, Big Indian could rank as the second-largest uranium deposit in America. The largest US deposit, Coles Hill, sits in Virginia behind a state mining ban — which would make Big Indian the largest deposit anyone is legally allowed to mine.

The oil and gas company never followed up. The data sat in a file cabinet for over a decade. American Atomics (CSE:NUKE) (OTCQB:GNEMF) is planning to drill this summer.¹⁰

The Nuvemco Colorado package. On April 16, 2026, the company exercised its second option to acquire 100% of the Nuvemco uranium project. The package sits in Colorado’s Uravan Mineral Belt and includes five advanced projects in and around Paradox Valley. The Blue Streak Mine alone holds a historical estimate of 440,000 pounds of uranium and roughly 2.96 million pounds of vanadium. Blue Streak ore was already processed at Energy Fuels’ White Mesa Mill in 2009, which means the ore can be milled using existing American infrastructure.¹¹

The CVMR milling joint venture. American Atomics (CSE:NUKE) (OTCQB:GNEMF) has formed a strategic joint venture with CVMR Inc., a global leader in refining technology with more than three decades of experience and direct ties to the US Department of Energy and Department of Defense across more than 36 different metals. The plan is to build a centralized uranium milling facility in Colorado that connects the Lisbon Valley and Nuvemco assets through a Hub-and-Spoke model.¹²

The DISA Technologies partnership. In October 2025, NUKE / GNEMF‘s partner DISA Technologies received the first license of its kind from the US Nuclear Regulatory Commission to remediate abandoned uranium mine waste using a process called High-Pressure Slurry Ablation. The American West has more than 15,000 abandoned uranium mine sites. Under a definitive Waste Treatment and Use Agreement, American Atomics (CSE:NUKE) (OTCQB:GNEMF) shares in the value recovered from joint cleanup projects with DISA.¹³

A seat at the DPA Consortium. NUKE / GNEMF is an official member of the US Department of Energy’s Defense Production Act Consortium for the Nuclear Fuel Cycle. The company sits on three committees: Mining and Milling, Conversion, and Enrichment. On November 7, 2025, American Atomics (CSE:NUKE) (OTCQB:GNEMF) participated in the inaugural “DPA Day” in Washington, contributing directly to the policy work that will shape the next round of federal funding.¹⁴

Five pieces. One company. One supply chain.

Conor Lynch summed up the thesis behind it all:

"More than likely the drilling company that they had before found this mirror deposit, this what we hope and anticipate is upwards of 80 million pounds of uranium, they just didn't know it."

— Conor Lynch, Founder, American Atomics

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That is the project. That is the thesis. And that is just the start.¹⁵

Press Releases

What the Largest US Uranium Producer Just Paid For

On February 27, 2026, shareholders of a company called Anfield Energy voted to approve Uranium Energy Corp as their official control person.¹⁶

That is corporate language for something simple.

Uranium Energy Corp, the largest US uranium producer with a market cap of roughly $7 billion, paid up to take control of Anfield. Why?¹⁷

Because of what Anfield owns. A hub-and-spoke uranium and vanadium production model in the Uravan Mineral Belt and Lisbon Valley. The same regions where American Atomics Inc. (CSE:NUKE) (OTCQB:GNEMF) is now operating. Anfield’s JD-8 mine restart in Colorado is targeting operations in the second half of 2026.¹⁸

Same geography. Same hub-and-spoke logic. Same uranium and vanadium dual-commodity story.

And the largest US uranium company just paid millions of dollars to control it.

Now look at NUKE. Same geography. Same model. Bigger ambition, because the company plans to cover the full fuel cycle from rock to reactor. And the valuation is a small fraction of what Anfield carries today.

Tight Float. Early Stage. Recently Upgraded

American Atomics Inc. (CSE:NUKE) (OTCQB:GNEMF) trades today with a market cap of roughly $9.26 million US dollars. About 79 million shares are outstanding.

On February 27, 2026, the company graduated from the OTC Pink Basic Market to the OTCQB Venture Market under the symbol GNEMF. That move opened direct access for US investors who could not previously buy the stock easily through their brokers.¹⁹

In March 2026, American Atomics (CSE:NUKE) (OTCQB:GNEMF) closed an upsized non-brokered private placement that raised $1.92 million. The proceeds are funding the Big Indian transaction and general working capital.²⁰

Centrus, Uranium Energy, and Energy Fuels are operating companies. They have multi-billion-dollar valuations because the market has already priced in their position in the US supply chain.

American Atomics (CSE:NUKE) (OTCQB:GNEMF) sits at a fraction of those valuations. The early stage. The pre-revaluation stage.

Built by Operators Who Have Done This Before

The team behind American Atomics Inc. (CSE:NUKE) (OTCQB:GNEMF) is one of the most experienced groups in the junior nuclear space. CEO David Mitchell brings 35 years in capital markets and corporate finance. CFO Daniel Cruz spent 20 years in capital markets at Canaccord Financial. Chairman Terry Lynch is the discoverer of the NISK polymetallic deposit and a member of the Trilateral Commission.

Adam Falkoff serves as an advisor. He is the Global Head of Executive and Government Relations at Amazon Web Services, the same Amazon that runs some of the largest data centers driving the US nuclear power demand surge. Dr. Erik Hunter holds a PhD from the Colorado School of Mines and is a former US Department of Energy Fellow.

The Window Is Open. It Will Not Stay That Way

Step back and look at what is happening. The United States imports 99% of its uranium. The Russian ban takes full effect in 2028. Data center power demand is set to rise 165% by 2030. The Department of Energy has already deployed $2.7 billion to rebuild domestic enrichment, with much more to come.

Centrus Energy showed what the market pays when a company solves a piece of this problem. From $10 a share to a 52-week high of $464.25. Uranium Energy Corp showed what strategic players will pay to control the right geography.

Now look at where American Atomics Inc. (CSE:NUKE) (OTCQB:GNEMF) sits. A flagship project on top of a suspected mirror deposit to a district that produced 78 million pounds of uranium. A 100% owned package of Colorado uranium and vanadium projects. A milling joint venture with deep DOE and DOD ties. A first-of-its-kind cleanup license. A seat at the DPA Consortium. An OTCQB listing. A market cap of roughly $9.26 million.

This is the early stage. The drill program at Big Indian is coming this summer. By the time the headlines catch up, the early window will likely be closed.

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American Atomics Inc. | CSE: NUKE | OTCQB: GNEMF

Why are investors looking at American Atomics?

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American Atomics Inc.

Sector:

Uranium/Energy

CSE:NUKE

OTCQB:GNEMF

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footnotes:
[1]https://www.goldmansachs.com/insights/articles/ai-to-drive-165-increase-in-data-center-power-demand-by-2030 [2]https://www.eia.gov/uranium/marketing/ [3]https://www.congress.gov/bill/118th-congress/house-bill/1042/all-info [4]https://www.usgs.gov/news/science-snippet/interior-department-releases-final-2025-list-critical-minerals [5]https://www.youtube.com/watch?v=hV9aODV4TbU [6]https://robinhood.com/us/en/stocks/LEU/ [7]https://www.macrotrends.net/stocks/charts/LEU/centrus-energy/stock-price-history [8]https://www.energy.gov/articles/us-department-energy-awards-27-billion-restore-american-uranium-enrichment [9]https://www.cantechletter.com/newswires/american-atomics-signs-option-agreement-with-big-indian-prospectors-llc/ [10]https://www.newswire.ca/news-releases/american-atomics-signs-option-agreement-with-big-indian-prospectors-llc-879394058.html [11]https://www.newswire.ca/news-releases/american-atomics-announces-exercise-of-second-option-to-acquire-100-interest-in-colorado-uranium-project-847773294.html [12]https://ameratomics.com/wp-content/uploads/2025/12/AMERICAN-ATOMIC-DECK-April-17-2026.pdf [13]https://www.newswire.ca/news-releases/american-atomics-partner-disa-technologies-receives-first-of-its-kind-nrc-license-887476109.html [14]https://www.newswire.ca/news-releases/american-atomics-participates-in-the-doe-s-first-dpa-day-for-the-nuclear-fuel-cycle-consortium-846956432.html [15]https://www.youtube.com/watch?v=hV9aODV4TbU [16]https://www.globenewswire.com/news-release/2026/03/02/3247238/0/en/Anfield-Energy-Announces-Shareholder-Approval-at-Special-Shareholder-Meeting-of-Uranium-Energy-Corp-as-a-Control-Person.html [17]https://robinhood.com/us/en/stocks/UEC/ [18]https://anfieldenergy.com/anfield-energy-submits-permitting-application-to-restart-jd-8-uranium-mine-in-montrose-county-colorado-targeting-operations-in-second-half-of-2026/ [19]https://www.tipranks.com/news/company-announcements/american-atomics-uplists-to-otcqb-to-court-u-s-investors [20]https://www.cantechletter.com/newswires/american-atomics-announces-closing-of-private-placement-of-units/

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America Just Banned Russian Uranium. It Now Produces Less Than 1% of What It Needs.

Breaking News

The Stage Where the Smart Money Buys
Why American Atomics Sits at an Inflection Point in the US Fuel Cycle

What American Atomics Has Already Locked Down The Five Pieces That Cover the Full Fuel Cycle

Press Releases

What the Largest US Uranium Producer Just Paid For

Tight Float. Early Stage. Recently Upgraded

Built by Operators Who Have Done This Before

The Window Is Open. It Will Not Stay That Way

More News From This Company

American Atomics Inc.

Company News

Don't Hesitate! Get The Corporate Presentation Now

PLUS

8 Reasons

Don't Hesitate! Get The Corporate Presentation Now

PLUS

Breaking News

The Stage Where the Smart Money Buys Why American Atomics Sits at an Inflection Point in the US Fuel Cycle

What American Atomics Has Already Locked Down The Five Pieces That Cover the Full Fuel Cycle

Press Releases

What the Largest US Uranium Producer Just Paid For

Tight Float. Early Stage. Recently Upgraded

Built by Operators Who Have Done This Before

The Window Is Open. It Will Not Stay That Way

More News From This Company

American Atomics Inc.

Company News

Don't Hesitate! Get The Corporate Presentation Now

PLUS

8 Reasons

Don't Hesitate! Get The Corporate Presentation Now

PLUS

The Stage Where the Smart Money Buys
Why American Atomics Sits at an Inflection Point in the US Fuel Cycle