Facts about atomic energy
In 2019, nuclear reactors worldwide produced more electricity than ever before, 809 billion kilowatt hours. This was achieved by 443 nuclear reactors, more than ever before. The construction of five new reactors started last year. By 2022, all nuclear power plants in Germany are to be shut down. At the same time, China is planning 44 new nuclear reactors in the next eight to ten years
In 2019, nuclear power accounted for around 55 percent of the global alternative energy mix, wind power for 20 percent and solar energy for five percent. In terms of reliability, nuclear power comes to more than 93 percent, while gas, coal, hydroelectric, wind and solar power only achieve a reliability of between 24 and 56 percent. And in the USA, 29 states are blessed with emission-free electricity thanks to nuclear power.
The major uranium producing countries have increased their production in the last decade. While in 2007 41,282 tons of uranium were produced, in 2019 it was 53,656 tons. The production record in 2016 was 62,638 tons of uranium. And most of the uranium is processed into U308 and then further on into fuel rods, i.e. a component of the nuclear energy industry, which is used for electricity generation.
At present, around ten percent of the world's electricity comes from nuclear power. With the amount of nuclear power plants planned and under construction, the demand for uranium will certainly increase. Part of this uranium could possibly be supplied by up-and-coming companies like Uranium Energy or IsoEnergy.
IsoEnergy with its promising projects is located in the eastern Athabasca Basin in Saskatchewan: https://www.commodity-tv.com/play/mining-newsflash-with-sibanye-stillwater-mawson-gold-and-isoenergy/. Drilling is currently focusing particularly on the Hurricane Zone discovered in 2018 on the Laroque East project (up to 33.9 percent U308).
Uranium Energy owns the fully licensed Hobson processing plant in South Texas, an important point: https://www.commodity-tv.com/play/uranium-energy-best-position-for-restart-of-us-uranium-production/. Nearby are the Palangana, Burke Hollow and Goliad ISR projects. In Wyoming, Uranium Energy controls the Reno Creek project. Other projects as well as a ferro-titanium deposit in Paraguay are part of the portfolio.
Current company information and press releases from Uranium Energy (https://www.resource-capital.ch/en/companies/uranium-energy-corp/) and IsoEnergy (https://www.resource-capital.ch/en/companies/iso-energy-ltd/).
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