Uranium and vanadium - two strong raw materials for clean air
There is agreement that the global energy mix can only work if part of the global energy supply is produced with electricity from nuclear power. Especially for uranium, experts predict a further price recovery for the current year. So did Raymond James' analysts in their latest report. At the end of 2018, the price of one pound of uranium was 28 US dollars, now close to 29 US dollars.
More and more countries are starting up reactors and recent cuts in production will lead to higher prices. Companies such as Uranium Energy - https://www.commodity-tv.net/c/search_adv/?v=298861, which are already in the starting blocks with their uranium projects, are likely to be successful. Uranium Energy has just received the last of the four major permits required for uranium production from the Texas Commission on Environmental for its Burke Hollow uranium project in South Texas. The nearby processing plant of the company is another big plus.
But vanadium is yet another raw material that has risen enormously in price in recent years and also falls into the category of reducing air pollution. Vanadium is one of the battery metals that is ideally suited for a wide range of applications. The electromobility industry and also the solar and wind energy sectors benefit from the so-called redox flow batteries in which vanadium is used. In these VRB batteries the storage of energy is excellent.
A company with vanadium projects is Delrey Metals - https://www.commodity-tv.net/c/search_adv/?v=298860. The portfolio is growing. This is because the company has a 100% stake in the Blackie and Peneece projects. For the Sunset vanadium project, Delrey Metals has an option agreement to purchase a 100% interest. In addition, there are two other projects in British Columbia.
Current corporate information and press releases from Uranium Energy (https://www.resource-capital.ch/en/companies/uranium-energy-corp.html) and Delrey Metals (https://www.resource-capital.ch/en/companies/delrey-metals-corp.html).
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