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Uranium market mood changes

The impact of Corona has influenced the uranium supply early in the second quarter. The spot price has risen

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If you ask around in the uranium industry, the mood on the uranium market seems to be changing. The market should probably soon move to support current and future production. A long-term trend reversal may have begun. 

It is also interesting to note that Kazatomprom, a uranium heavyweight, saw its operating profit increase by 75 percent in the first half of 2020 compared to the same period last year. It is also exciting to note that the Corona Pandemic has hardly changed global electricity consumption.

The fact that climate change cannot function without nuclear energy, or at least not for a long time to come, is a fact that many countries have recognized and are therefore planning and building nuclear power plants. The uranium supply seems to be decreasing while the demand is stable. Uranium gaps have recently often been filled with uranium from the storage facilities. But mine closures, such as at Cameco, are increasing these gaps. In order to bet on uranium, investments can be made in uranium companies like IsoEnergy or Uranium Energy.

H.C.Wainwright & Co. recently recommended Uranium Energy as a buy, with a target price of $3.50 (now approximately $1.05). The investment bank also expects higher uranium prices in the long term due to current developments. Uranium Energy owns the Palangana, Burke Hollow and Goliad ISR projects and the Hobson processing plant in South Texas. It also owns the Reno Creek Project in Wyoming. This is the largest approved ISR project in the USA and is close to construction.

IsoEnergy has a promising portfolio in the Athabasca basin in Saskatchewan. In particular, the Hurricane Zone discovered by the company provides very good uranium values.

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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Always up to date with the newsletter from SRC

Swiss Resource Capital AG will use the information you provide in this form to keep in touch with you and to provide you with updates and marketing information. To receive our news, you still have to give us permission to send you E-Mails below.

You can change your mind at any time by clicking on the Unsubscribe link, which you can find in the footer of every email you receive from us, or by contacting us at [email protected] We will treat your information with care and respect. For more information about our privacy practices, visit our website. By clicking below, you agree that we may process your information in accordance with these Terms.

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