Utah’s Forgotten Uranium Belt Is Getting a Second Look. Here’s Why the Timing Matters.

Issued on behalf of EagleOne Metals Corporation

VANCOUVER, BC, March 23, 2026 /PRNewswire/ — Equity-Insider.com — Thirty-five miles south of Hanksville, Utah, in the heart of some of the highest-grade historical uranium country in the American West, there’s a 206-acre property that was drilled once in 2008, returned mineralized intercepts across six commodities, and then sat untouched for nearly two decades.

It’s not hard to understand why. Uranium spent most of the 2010s in the penalty box. Spot prices languished below $30 per pound. Nobody was acquiring uranium ground in Utah. Nobody was funding exploration for rare earths in the Colorado Plateau. The economics didn’t work, and the geopolitical urgency didn’t exist.

Both of those conditions have reversed. Uranium is now approaching $92 per pound. The IEA projects a 30% copper supply shortfall by 2035. Rare earth supplies outside China cover less than 40% of projected demand. And the U.S. government has committed more than $30 billion to secure critical mineral supply chains in just the past six months, including a $12 billion Project Vault strategic stockpile and a $2.7 billion DOE enrichment expansion.

The companies best positioned for this environment are the ones that already hold ground. Cameco (TSX: CCO) (NYSE: CCJ), the world’s largest publicly traded uranium company, recently partnered with the U.S. Government and Brookfield to accelerate Westinghouse nuclear reactor deployments — backed by $80 billion in aggregate government investment. Cameco is extending its Cigar Lake mine to 2036 and ramping McArthur River toward 25 million pounds annually. The market is paying $1,416 per pound of Cameco’s future uranium capacity.