The uranium market could provide lucrative profits

The fact that a pound of uranium currently costs around 50 US dollars could be just the beginning. It is still a good 90 U.S. dollars short of the old highest price. But there's always room for improvement. Around two-thirds of global uranium production comes from Kazakhstan, Canada and Australia. Last year, Kazakhstan produced about 43 percent of the world's uranium, Canada about 15 percent and Namibia about 11 percent. About 55 percent is now produced by in-situ leaching. And various figures show that the demand for uranium is growing. Almost 60 new nuclear power plants were under construction at the end of 2022. There are 439 nuclear reactors in operation worldwide. According to the Nuclear Fuel Report, uranium demand is expected to increase by 27 percent by 2030 and 38 percent by 2040.

Most uranium for nuclear power plants in Canada comes from the province of Saskatchewan. This is because the soil of the Athabasca Basin there is extremely rich in uranium. In no other region on earth are such high uranium concentrations found as in the Athabasca Basin. The International Atomic Energy Agency (IAEA) points to the importance of nuclear power in achieving CO2 targets. Should uranium play a key role on the way to clean forms of energy, which seems quite likely, investments in uranium companies are now an exciting proposition. This is especially true since the lack of interest in uranium in recent years has led to limited supply.
In the Athabasca Basin, for example, IsoEnergy - https://www.commodity-tv.com/ondemand/companies/profil/isoenergy-ltd/ - has three prospective uranium projects.
Uranium Energy - https://www.commodity-tv.com/ondemand/companies/profil/uranium-energy-corp/ - focuses on low-cost, environmentally friendly in-situ recovery projects. Some of these are already operational and they are located in the USA and Canada. The company also owns a stake in the only royalty company in the uranium sector.

Current company information and press releases from IsoEnergy (https://www.resource-capital.ch/en/companies/iso-energy-ltd/ ) and Uranium Energy (https://www.resource-capital.ch/en/companies/uranium-energy-corp/ ).

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