General Matter CEO Scott Nolan explains the statutory timeline for phasing out Russian uranium imports under federal legislation.
0:00 / 0:20exact quote · 20.9s
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“Well, in, in twenty-twenty-four, there was a Russian uranium imports ban passed by Congress, and so there's a waiver process that's ongoing right now where the Secretary of Energy can waive the ban. If a utility needs it and there's not another source, which has been the case that waiver process expires January first, 20, 28.”
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More from Scott Nolan
PredictionNot checkable as stated
Nolan: Advanced reactors will surprise on deployment speed for AI demand
“We think that they're going to surprise everyone in their deployment speed and scale up, and, you know, just looking at the landscape of energy demand in the U.S. We haven't grown the grid for decades and yet now we have this huge surge of demand for data cent…”
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PredictionOpen · timeframe Dec 2029
Nolan: General Matter will displace adversarial nuclear imports by 2030
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Scott NolanApr 2, 2026▶ 31:41Building a domestic nuclear fuel supply chain
AssertionPartly supported
Nolan: US has no commercial-scale domestic enrichers, relies on Europe and Russia
“If you look at enrichment today and what the U.S. Consumes, It's about 75% Europe, European producers and it's about 25% Russia. And so we can talk about the history of how we got here, but there's no commercial at scale U.S. Producer operating anywhere. There…”
Scott NolanApr 2, 2026▶ 13:04Building a domestic nuclear fuel supply chain
Disclosure
Nolan: General Matter's Paducah plant will cover US HALEU demand through 2040
“In, in Paducah, we're producing enough HALU enrichment capacity, we believe, to take us through the middle of the next decade, potentially all the way to twenty-forty to serve U.S. Demand.”
Scott NolanApr 2, 2026▶ 29:28Building a domestic nuclear fuel supply chain
AssertionSupported
US uranium enrichment market share dropped from 86% to under 0.1%
“And so we went from a place of 86% global market share down to less than .1% today by U.S. Companies or U.S. Entities.”
Scott NolanApr 2, 2026▶ 16:27Building a domestic nuclear fuel supply chain
AssertionSupported
Nolan: Most advanced reactors will use 19.75% enriched HALEU fuel
“Most of the advanced reactors that you hear about are going to be using 19.75 enriched fuel.”
Scott NolanApr 2, 2026▶ 21:59Building a domestic nuclear fuel supply chain
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