By 2029, it is estimated that the space tourism market could reach several hundred billion dollars annually, with further double-digit growth expected. And in June 2019 the first step of a man on the moon will only be fiftieth year. In any case, many space companies are already investing heavily.
Another much discussed topic is the possibility of raw material extraction on asteroids or other celestial bodies. Because there are precious metals or rare earths there, which may be important for the future extraction of raw materials. Asteroids also possess sulphur, nitrogen or phosphorus, for example.
On the other hand, there are current markets that are programmed for growth. This includes the uranium market, for example. According to the International Atomic Energy Agency (IAEA), 450 reactors were in operation worldwide to produce electricity at the end of December 2018. 55 reactors are under construction. According to industry experts, there will be extreme demand for uranium in the coming years.
Uranium companies such as Uranium Energy should not be short of customers for uranium. Uranium Energy has several advanced uranium projects, a processing plant (in Texas) and the largest ISR project in the USA. The projects in Texas are joined by projects in Paraguay, New Mexico and Arizona. For further development, the company has enough money in its teasury, namely over 22 million dollars.
Another market that is expanding rapidly is the battery market. Wind and solar energy are on the advance, as is electromobility. The redox flow batteries are particularly good energy storage devices. These need vanadium. So that's a commodity Delrey Metals wants to supply. Delrey Metals has just acquired rights to the Four Corners Vanadium Project in Newfoundland. In addition, there are participations in several vanadium projects in Canada.
Current corporate information and press releases from Uranium Energy (https://www.resource-capital.ch/en/companies/uranium-energy-corp.html) and Delrey Metals (https://www.resource-capital.ch/en/companies/delrey-metals-corp.html) .
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