In the uranium industry the cards are being reshuffled
The uranium producers should not be short of customers. With a few exceptions, many countries rely on climate-friendly energy production. Long-term supply contracts are the rule in the uranium industry. And many of these expire in 2020. So, the buyers will have to sign new contracts and the producers will calculate precisely with the prices.
Uranium is still in great demand worldwide. And Corona has also caused production bottlenecks, while uranium stocks in the storage facilities are also shrinking. The fact that the uranium price has risen by about 30 percent since the beginning of the year has not yet had an impact on the share prices of many uranium companies. So, there should still be significant upside potential. Because experts expect a high and above all long-term demand for uranium. In particular, companies that can score with high-calibre projects in safe and mining-friendly regions should benefit from an increase in the value of their projects. These certainly include IsoEnergy or Uranium Energy.
IsoEnergy has prospective uranium projects in the Athabasca Basin in Saskatchewan. Very high-grade assay results are available, often near the surface.
Uranium Energy includes the largest ISR project approved in the U.S. and three projects in Texas, including a processing plant.
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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