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Uranium becomes scarce

To supply the growing number of nuclear reactors with uranium, the supply would have to increase sharply

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This is also the view of Cameco's CEO. The gap between supply and demand is set to widen. According to estimates, the uranium market is expected to have a deficit of about 100 million pounds of U308 annually by 2035. To make up this shortfall, six McArthur or Cigar Lake projects would need to be discovered, developed and brought on stream over the next 15 years.

Investments would have to be made now, but currently the uranium price is still too low. Even in the short term, the supply of uranium is not particularly abundant. For example, Cameco's Cigar Lake uranium mine shut down last December for Covid-19 reasons, and the McArthur property is idle. In addition, Kazakhstan, a major uranium-producing country, is holding back production.

And there are uranium mines that are permanently closed, for example in Australia and Nigeria. More and more countries are turning to clean energy from nuclear power plants, and the new U.S. President Biden has already spoken out in favor of building modern plants.

This is because there is a global demand for sufficient electrification and, at the same time, great emphasis is being placed on moving away from fossil fuels. This increases the demand for nuclear energy, not only for large reactors but also for small ones. So uranium companies should have a bright future.

For example, Uranium Energy - https://www.youtube.com/watch?v=ZdchvJMUXZc - is gearing up to supply the U.S. with uranium. The company owns the ready Hobson processing plant and five ISR projects in South Texas. 

IsoEnergy also scores with high-grade uranium projects, namely in the Athabasca Basin in Saskatchewan.

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/).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always 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. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also 
applies: https://www.resource-capital.ch/en/disclaimer/ 

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