Purecore Metals Inc. (CSE: PURE) (FSE: J8Y) (OTCQB: PPUR) has published an industry report titled Uranium and the AI Power Boom, examining global uranium supply and demand dynamics amid rising electricity consumption from artificial intelligence and data center infrastructure. The report, disseminated on behalf of Purecore Metals Inc., draws on research from the International Energy Agency, the International Atomic Energy Agency and other industry sources.
According to the report, data center electricity consumption could reach 950 terawatt-hours annually by 2030, while global nuclear generating capacity could exceed 1,000 gigawatts by 2050 under a high-growth scenario. These projections underscore the potential for nuclear power to play a central role in meeting soaring electricity demand from AI and data center operations.
The report also examines industry projections of cumulative uranium supply deficits ranging from approximately 700 million to 1.7 billion pounds of U3O8 through 2040, along with uranium pricing trends and nuclear utility contracting requirements. Such deficits could intensify competition for uranium supply and support higher prices, with implications for utilities, investors and exploration companies.
Purecore’s report outlines the company’s uranium and critical minerals exploration strategy, including its Yurchison Uranium Property in northern Saskatchewan and Bankier Property in British Columbia. The Yurchison property comprises 22 mineral claims covering approximately 35,029 hectares, with Purecore holding an option to earn up to a 100% interest under an agreement with Skyharbour Resources Ltd. The company is conducting historical data compilation and technical reviews to identify future exploration targets.
President and CEO Peter Berdusco said the report is intended to help investors understand the relationship between nuclear energy expansion, uranium supply and long-term electricity demand as Purecore continues building its critical minerals portfolio. The full press release is available at https://ibn.fm/hdAA4.
The announcement comes as AI’s rapid adoption drives unprecedented demand for computing power and electricity, prompting technology companies and utilities to reconsider nuclear energy as a reliable, low-carbon power source. Purecore’s focus on uranium and copper assets positions it within a sector aligned with long-term electricity demand growth. The company’s strategy emphasizes acquisition, exploration and advancement of critical mineral assets in mining-friendly jurisdictions.
The report was distributed through AINewsWire, a specialized communications platform focused on AI advancements and one of more than 75 brands within the Dynamic Brand Portfolio at IBN. The platform provides wire solutions via InvestorWire, editorial syndication to 5,000+ outlets, social media distribution and corporate communications solutions.
