Energy needs reactors, needs uranium
The nuclear energy required for the immense global energy demand is operated with uranium. So where does most of the uranium come from? Kazakhstan is by far the leader. Then Canada and Australia follow. Anyone flirting with an investment in uranium companies should keep this in mind. In 2017, slightly more than 23,300 tons were produced in Kazakhstan, or around 39 percent of global production. The largest uranium producer in Kazakhstan is Kazatomprom.
Second place is Canada. Mine production here amounted to a good 13,000 tonnes in 2017, with the majority of production facilities located in the Athabasca Basin in Saskatchewan. High-quality uranium deposits and mining friendliness characterise this region, which has a long history of uranium mining.
This is also where the various projects of Fission 3.0. are located - http://www.commodity-tv.net/c/search_adv/?v=298932, as well as uranium projects in Peru. The Patterson Lake North project in the Athabasca Basin is certainly well known. The Cree Bay uranium project there has also attracted attention with promising drill results.
Third place on the country hit list goes to Australia. Over 6,300 tons of uranium were extracted from the earth. In Western Australia, however, the government announced in 2017 that no new projects would be approved. This is followed by Namibia with two uranium mines, which account for around ten percent of global production, and Niger. There are also two producing uranium projects there. The next places are Russia, Uzbekistan, China and the USA.
In the USA, uranium production decreased for the third time in a row in 2017. This could change soon, because Uranium Energy is already in the starting blocks.
Uranium Energy - http://www.commodity-tv.net/c/search_adv/?v=298864 - has as a special plus the ready Hobson processing plant in Texas, as well as uranium projects in Arizona, Paraguay and New Mexico.
More than 450 reactors are in operation worldwide and the construction and planning of new nuclear power plants continues. Because climate targets cannot be achieved without nuclear energy. Uranium should therefore rightly become more in the interest of investors.
Current corporate information and press releases from Uranium Energy (https://www.resource-capital.ch/en/companies/uranium-energy-corp/) and Fission 3.0 (https://www.resource-capital.ch/en/companies/fission-30-corp/).
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