New paths in nuclear energy
Floating nuclear power plants and mini nuclear reactors are on the advance and guarantee energy supply together with conventional nuclear power plants
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Rolls Royce plans to build 15 so-called mini nuclear power stations by 2029. This company has nothing to do with the well-known automobile brand. The British engine and energy company wants to produce these "small nuclear reactors" practically on an assembly line. Then they are to be installed and operated. This would mean that every city could have its own nuclear power plant, because they score points with their small size.
The advantages are obvious, because they should be easily delivered by truck and the costs and construction times are manageable. Russia already has floating nuclear power plants. In order to reduce emissions in the coming years and to ensure an adequate supply of electricity, nuclear energy is part of the energy mix. For example, according to IAEA estimates, the consumption of uranium will increase from around 73,000 tonnes per year in 2016 to around 108,000 tonnes by 2030.
This is because new reactors are being diligently built while the supply of uranium is declining. Mine closures and production cutbacks are the reason. Just think of Cameco's McArthur uranium mine, Kazatomprom or the Langer Heinrich mine in Namibia. While some 500 mines were in operation just a few years ago, today there are only about 50, but there are still companies that could provide a substantial supply. Investors should focus on North America, as the USA wants to strengthen its security of supply of uranium, which could benefit uranium companies such as Uranium Energy or IsoEnergy.
Uranium Energy owns several uranium projects that can produce immediately if the environment is right: https://www.commodity-tv.com/play/uranium-energy-is-uniquely-positioned-for-uranium-price-growth/. They are located in Colorado, Arizona, New Mexico, Texas and Wyoming.
IsoEnergy and its uranium projects are located in Saskatchewan, an area rich in uranium: https://www.commodity-tv.com/play/newsflash-with-skeena-osisko-gold-royalties-rnc-minerals-isoenergy-and-auryn-resources/. Another project is located in Nunavut. The company is financially strong and well prepared for the exploration program in 2020.
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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