Scott Nolan

On the reactor side, there was a program that was about deploying advanced reactors.

There was a couple of companies that were involved in that that started a few years back.

And so TerraPower, Xenergy are both part of that.

That's a program to try and accelerate their deployment.

So that's probably the first action that was taken in recent history that's really spurring things.

And then you have the HALU availability program a couple years back that launched a couple sub-programs under that that are funded by that HALU availability program, one of which is the enrichment that we're working on.

And then there was a Russia sanction pretty much across the board, except for a couple of categories.

And uranium actually got banned from Russian imports middle of last year.

And so that triggered another program focused on the lower enriched uranium.

So you had the ARDP, the Advanced Demonstration Reactor Program.

You had HALU and LEU enrichment programs.

and then what we saw a couple weeks ago were a couple uh four executive orders focused on accelerating nuclear so these are some of the biggest actions that have been taken a long time so yes you have more funding for things but that's like the gas but there was this break on things and the executive orders are meant to address the break okay and so you had you know a lot of people say it's all about regulation that's been the thing that stopped it

I don't think that's the whole story, and we can get into that, but these executive orders, they're going to focus on the regulation piece because they can't tell the industry what to do.

The industry's got to actually go do it.

But the executive orders did address four different things.

One was the supply chain.

One was the DOE.

So supply chain meaning fuel and other elements of workforce and things that need to go into the industry.

So how do we support that and bolster that?

Second executive order was around the Department of Energy.