The uranium market is gaining momentum
This is new: A company concentrates solely on the uranium sector and wants to benefit from rising license fees and streaming acquisition opportunities. Among others, the Reno Creek project of Uranium Energy was selected. This is located in Wyoming, is the largest approved ISR project and is highly prospective. It is still in the development phase. Production is permitted up to an annual production rate of two million pounds U308. For the 0.5 percent royalty fee, 225,000 US dollars were paid.
Uranium Energy - https://www.commodity-tv.com/play/uranium-energy-is-uniquely-positioned-for-uranium-price-growth/ - owns the fully licensed Hobson processing plant in South Texas - significant for the ISR projects Palangana, Burke Hollow and Goliad there. In addition, there are uranium projects in Arizona, New Mexico and Paraguay.
Uranium prices should be supported in view of the increasing uncertainty of security of supply caused by the geopolitical tensions at hand. New reactor start-ups take a long time, but uranium could become a very popular raw material due to the continuing strong and increasing demand for energy.
This not only benefits a royalty company with licenses for a uranium project, but also the uranium companies themselves. This includes IsoEnergy, for example - https://www.commodity-tv.com/play/iso-energy-well-financed-for-further-uranium-exploration-at-hurricane-zone-discovery/. The Company is focused on several uranium projects in the eastern Athabasca Basin of Saskatchewan, a uranium stronghold. IsoEnergy is also working on the Mountain Lake uranium deposit in Nunavut and is well funded to advance the projects.
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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