Uranium helps decarbonization
Sentiment in the uranium industry has risen. Nuclear power plants are significant components in the decarbonization and greening of the world. Green energy from wind and solar is certainly nice, but it's not enough. Last year, for example, there were massive and widespread power outages in several U.S. states. Hundreds of thousands of people were affected.
Severe weather can severely disrupt the proper operation of renewable energy facilities. The majority of electricity grids still use fossil fuels. To prevent the targeted global temperature increase above two degrees, for example, according to the United Nations panel, at least 80 percent of the world's electricity must be low-carbon by 2050. The International Energy Agency (IEA) estimates that an 80 percent increase in global nuclear energy production is needed by 2040.
Currently, 53 reactors are under construction, more than 100 are in the design phase, and just over 320 are proposed. The U.S., U.K., and Canada have invested billions of dollars in small modular reactor designs and initial deployments over the past eighteen months. Thus, the uranium market situation should be robust and uranium a commodity in demand. Consequently, companies with uranium in the projects should have a very good standing.
These include IsoEnergy and International Consolidated Uranium.
IsoEnergy - https://www.youtube.com/watch?v=tPkBdRV_lew - has secured uranium projects in the Athabasca Basin in Saskatchewan, placing it in one of the best regions for uranium prospectors.
International Consolidated Uranium - https://www.youtube.com/watch?v=pfJv6yAcNMw - has added a second leg to its gold projects, uranium projects. Uranium projects have been or are being acquired in Labrador, Quebec and Australia.
Current company information and press releases from IsoEnergy (https://www.resource-capital.ch/en/companies/iso-energy-ltd/).
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