Purecore Report Flags Uranium Deficits as AI Power Demand Climbs
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VANCOUVER – October 28, 2026 -- Purecore Metals Inc. (CSE: PURE) has published a report that cites Sprott scenarios of cumulative uranium supply deficits of roughly 700 million to 1.7 billion pounds of U3O8 through 2040. The report, titled Uranium and the AI Power Boom, sets those scenarios against rising electricity consumption from artificial intelligence and data centre infrastructure.
It draws on the IEA, IAEA, U.S. Energy Information Administration, Sprott Asset Management and Cameco. The central argument is a timing mismatch: AI infrastructure is built quickly, while new uranium mines take far longer to bring into production.