Purecore Metals report highlights uranium supply gap as AI power demand grows

• Purecore Metals published “Uranium and the AI Power Boom” on Oct. 27, 2026, examining AI-driven electricity demand against uranium supply constraints.
• IEA projections put annual data center electricity consumption at 950 TWh by 2030, highlighting demand growing faster than new uranium mine development.
• Sprott scenarios project cumulative uranium supply deficits of approximately 700 million to 1.7 billion pounds of U₃O₈ through 2040.
• The IAEA’s high-growth scenario projects global nuclear generating capacity reaching approximately 1,045 gigawatts by 2050, rising to 1,284 gigawatts by 2060.
• September 30, 2026, industry-average uranium spot prices stood at US$ 89.63 per pound; the long-term indicator reached US$ 96.50 per pound.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Purecore Metals Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610270730PRIMZONECNPR____9853777) on October 27, 2026, and is solely responsible for the information contained therein.