One of the top 10 unexploited deposits worldwide, Mongolia sits at a threshold. Recently, the French state-owned nuclear firm, Orano, signed a $17 billion deal with the Mongolian government to extract and process the country's uranium. Orano claims this project has huge potential in Mongolia as the world attempts to shift to renewable energy. As the second-largest uranium reserve following Kazakhstan, Mongolia's entry into the uranium market can prove timely given the increased need for uranium in the years to come.

Catalyzed by the war in Ukraine and the European desire to distance itself from...