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Let's go for the uranium shares

Since March, the price of uranium has recovered. So, it's time to deal with uranium companies

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The spot price for U308 rose by 11 percent in the first quarter of 2020 after years of dumping. In April, it reached a four-year high, 33.25 US dollars for a pound of uranium. This was 35 percent more than in January. At the end of June, the price came back somewhat, falling below $33. Today, US$32.95 must be paid for a pound of U308.

The fact that the uranium price has finally awoken from its slumber is due on the one hand to the closure of mines and projects planned for a long time. The closure of the McArthur River mine in Saskatchewan is the outstanding event. The Cigar Lake Mine, the most productive of all, which is also important, was also closed. And in the uranium country of Kazakhstan, the production volume was reduced. Allegedly due to the pandemic, but some market observers suspect more economic reasons, namely the heating up of the uranium price.

Secondly, Kazatomprom, the largest uranium producer in the world, has stopped selling uranium on the spot market. Uranium may even have to be bought in order to meet contractual obligations. At the same time, however, new nuclear power plants are being built and planned around the globe.

Just as Rick Rule of Sprott had advised investors in January to consider uranium as an investment, this could apply all the more today. So, let's go for the uranium stocks, such as Uranium Energy or IsoEnergy.

Uranium Energy owns uranium projects in the USA (Texas, Wyoming, New Mexico, Paraguay, Arizona). The big plus is that they are well advanced or already approved - and the USA wants to rely more on uranium from its own country.

IsoEnergy should also be pleased about the rising uranium price. The company's projects in the uranium-rich Athabasca Basin in Saskatchewan cover a total of around 170,700 hectares.

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/).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also 
applies: https://www.resource-capital.ch/en/disclaimer/ 

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Always up to date with the newsletter from SRC

Swiss Resource Capital AG will use the information you provide in this form to keep in touch with you and to provide you with updates and marketing information. To receive our news, you still have to give us permission to send you E-Mails below.

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