Goliath is afraid
It might sound a little out of place. But the number one economic and military power on our planet is afraid. This, it seems, is not too close. Even an often too resolute, partly US President Donald Trump, who plays the strong man, cannot hide his fact. The fear is even justified, because it is about raw materials, strategically important inputs for technology companies and also the defence industry.
But the most recent example is electricity suppliers. Nuclear plant operators are concerned about the safe supply of uranium. After all, US uranium mining produced just 700,000 pounds of uranium in 2018. This is only a small fraction of US demand. The US Commerce Department therefore advised the White House to support the domestic uranium industry. Trump is to introduce a quota of five percent, which must be taken from domestic uranium producers. In further steps, this could rise to 25 percent. But five percent alone would be about two to 2.5 million pounds of uranium.
The US uranium companies in particular, such as Uranium Energy, could thus benefit in the future. However, companies in friendly Western countries such as Canada should also be given long-term preference by the USA in order to further limit uranium imports, especially from Kazakhstan and Russia. In Canada, for example, Fission 3.0 is active.
The big advantage of Uranium Energy - http://www.commodity-tv.net/c/search_adv/?v=298864 - is its diversification. This applies geographically to promising uranium projects in Texas and Wyoming as well as advanced projects in Arizona, New Mexico and Paraguay. And in Texas, Uranium Energy owns the Hobson processing plant, which is operational and approved at short notice.
Fission 3.0 - http://www.commodity-tv.net/c/search_adv/?v=298932 - has high-grade properties in the Athabasca Basin of Saskatchewan, known worldwide for high-grade uranium deposits, including the Patterson Lake North uranium project. Fission 3.0 owns 100 percent of this company alone.
Current corporate information and press releases from Fission 3.0 (https://www.resource-capital.ch/en/companies/fission-30-corp/) and Uranium Energy (https://www.resource-capital.ch/en/companies/uranium-energy-corp/).
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