"Policymakers, utilities, and developers increasingly point to fuel availability as a limiting factor for America's nuclear reactors—both present and future," Chilton said in a news release. "Uranium conversion has become an unacceptable chokepoint in a global supply chain still dominated by foreign providers."

“Policymakers, utilities, and developers increasingly point to fuel availability as a limiting factor for America’s nuclear reactors – both present and future,” said Mike Chilton, Founder & CEO of FluxPoint Energy. “Uranium conversion has become an unacceptable chokepoint in a global supply chain still dominated by foreign providers.”

FluxPoint’s announcement comes amid growing federal and industry efforts to onshore critical nuclear fuel infrastructure and enhance U.S. energy security. Uranium conversion has been seen as a key bottleneck in the nuclear fuel supply chain, with the United States heavily reliant on foreign-controlled facilities.

"America cannot lead in nuclear energy while relying on foreign-controlled fuel processing. FluxPoint was created to restore a critical piece of our nation's energy infrastructure - ensuring that US reactors have access to a secure, domestic fuel supply. This is about energy security, economic strength, and global leadership ... As global demand for reliable, carbon-free energy accelerates, FluxPoint Energy is positioning itself at the centre of a renewed American nuclear supply chain. We are helping unlock nuclear power's full potential as a cornerstone of the nation's energy future."