Canada-based Triton Uranium is exploring a potential U.S. stock market listing in 2026 through a merger with a special purpose acquisition company, according to its president, Scott Evans.
The move is aimed at capitalizing on rising global demand for nuclear fuel, as countries and companies seek more stable and cleaner energy sources.
Triton has already secured nearly $16 million in private funding to support early-stage exploration at its Atlas Project in Uranium City, Saskatchewan.
The company controls roughly 46,700 acres of mineral claims in the region and is advancing development work ahead of any public offering.
A 10,000-meter drilling programme targeting four key sites, including the Dubyna Mine area, is scheduled to begin in June.
Triton is also open to selling a future stake to the U.S. or Canadian government, reflecting growing efforts to strengthen domestic supply chains for critical minerals.
Interest in nuclear energy has surged in recent years, driven partly by rising electricity demand from data centers and artificial intelligence infrastructure.
Despite this, uranium supply remains tight after years of underinvestment, with U.S. production still far below annual consumption levels.
Recent developments in Canada, including approvals for new uranium projects by major players, signal a broader revival of the sector.
Triton’s planned listing underscores increasing investor appetite for nuclear-related assets as the industry regains momentum.