Qualified management is important in mining
The price of uranium has been rising since the beginning of July. The spot market volume for uranium recently pushed the spot price to a two-year high. While the weekly spot prices for uranium at the end of September 2017 were just under USD 24, they have risen by more than 11 percent to USD 26.50 for the current year. Experts now see a reorientation of the uranium market fundamentals.
Scott Melbye, Executive Vice President of Uranium Energy - https://www.commodity-tv.net/c/search_adv/?v=298360, believes that this will lead to a sustained recovery of the uranium market. This was due on the one hand to reduced supply and on the other hand to an increase in demand. Kazakh Kazatomprom had already announced a three-year cut in uranium production in 2017. Since February 2018, the world's largest uranium mine, the McArthur River Mine in Canada, has also brought production down, with one end unknown.
The uranium industry is now likely to recover from the events in Fukushima around eight years ago. The usual long-term supply contracts for uranium are also gradually expiring. If the price of uranium continues to rise, uranium companies such as Uranium Energy will also benefit.
The company, headed by President and Chief Executive Officer Amir Adnani, has a processing facility that is centrally accessible from all projects in South Texas (Palangana, Goliad, Burke Hollow). There is another approved project in Wyoming and other advanced projects in Arizona, Colorado, New Mexico and Paraguay.
Amir Adnani is also the founder and chairman of GoldMining - https://www.commodity-tv.net/c/search_adv/?v=298220. The company not only owns various gold and copper projects in North and South America, but also 75 percent of the Rea uranium project in the famous Athabasca Basin in Saskatchewan, Canada. The gold and copper projects are located in the USA, Canada, Brazil, Colombia and Peru. Trading in common stock and warrants on the TSX, which will start soon, will further advance GoldMining.
Current company information and press releases from Uranium Energy (https://www.resource-capital.ch/en/companies/uranium-energy-corp.html) and GoldMining (https://www.resource-capital.ch/en/companies/goldmining-inc.html).
In accordance with §34 WpHG, I would like to point out that partners, authors and employees can hold shares in the companies mentioned in each case and therefore there is a possible conflict of interest. Only the English version of these messages applies.
Disclaimer: The information provided does not constitute any form of recommendation or advice. We expressly point out the risks involved in securities trading. No liability can be assumed for damages resulting from the use of this blog. I would like to point out that shares and in particular warrant investments are generally 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. I expressly reserve the right to make a mistake, in particular with regard to figures and exchange rates, despite the utmost care. The information contained herein has been obtained from sources believed to be reliable but does not claim to be accurate or complete. Due to court rulings the contents of linked external sites are also to answer for (so among other things district court Hamburg, in the judgement of 12.05.1998 - 312 O 85/98), as long as no explicit dissociation from these takes place. Despite careful control of the contents, I do not assume any liability for the contents of linked external sites. The respective operators are solely responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: www.resource-capital.ch/en/disclaimer.html