Uranium demand on the rise
Thus, the ambitious climate targets of the countries have virtually revived uranium. New nuclear reactors are being built around the world, and even though there were delays last year due to the pandemic, this year the industry is clearly stepping on the gas. The existing nuclear power plants and the new ones need uranium. Uranium production must increase.
Demand for uranium is expected to increase by 25 percent by 2025. This will come primarily from Asia's growing nuclear energy sector. Prices for a pound of uranium are still below $50 (currently $29.40 per pound of uranium), so the ambitions of uranium producers and companies are not that high.
But it is in this environment that the opportunity could manifest itself for certain companies to play a significant role in the uranium market. Uranium Energy - https://www.youtube.com/watch?v=h8Qu1EGWgIE -, for example, owns production-ready uranium properties that can produce at any time when the price of uranium is right. In Texas and Wyoming, Uranium Energy is ready to contribute to uranium supplies. Even more so in the USA, where the importance of domestic uranium production has been recognized and is being promoted.
Not only do the large nuclear power plants need uranium, but small reactors that produce clean electricity in the same way as their big sisters are becoming increasingly common. Their smaller size makes them easier to integrate at the sites they are needed.
Another uranium company with promising projects, this time in the Athabasca Basin in Saskatchewan, is IsoEnergy - https://www.youtube.com/watch?v=zs1nI9kKmmI. The area is famous for its high-grade uranium deposits and, along with Kazakhstan, is one of the most important uranium regions.
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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