There's movement in France on the nuclear energy front
The EU partner Germany does not seem to like this. After all, in this country, they were planning the nuclear phase-out. In France, plans have emerged from the French government to build new nuclear power plants. For example, six new power plants are to start up from 2021, as has been leaked. There are currently 58 nuclear power plants in France and most of them are already very old and will not operate for long.
These plants are operated by the French electricity group EDF. Its shares are 80 percent owned by the French state. So, France will continue to rely on clean energy from nuclear power plants in the future. And not only in France, but in many countries around the world, people are working eagerly on the planning and construction of new reactors.
About 25 percent of the uranium required comes from Canada. Other producing countries are Australia, Russia, Kazakhstan, Niger and Namibia. Due to the inherent CO2 neutrality of nuclear power, many smog-ridden nations urgently need this form of energy generation. China and India together are already planning around 200 new nuclear power plants. Therefore, uranium demand should also pick up and provide customers to uranium companies such as IsoEnergy or Uranium Energy.
Uranium Energy - https://www.commodity-tv.com/play/uranium-energy-is-uniquely-positioned-for-uranium-price-growth/ - owns uranium projects in Texas, Wyoming, New Mexico, Arizona and Colorado. The big plus is that projects can start up immediately when the uranium price is right. The company can then benefit fully from increases in uranium prices, as Uranium Energy does not generally make advance sales. By taking over the Alto Parana titanium project in Paraguay, the company has also created a promising second pillar.
IsoEnergy has positioned itself with its 15 projects in the famous Athabasca basin in Saskatchewan: https://www.commodity-tv.com/play/newsflash-with-skeena-osisko-gold-royalties-rnc-minerals-isoenergy-and-auryn-resources/. There is also a uranium project in Nunavut. Financially, the company is well positioned and, thanks to its management, has a great deal of experience in the industry.
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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