Uranium - material of the future
Low uranium prices in recent years have curtailed uranium production. Investments have often been held back. Some large mines are also at the end of their useful lives. In May 2020, a pound of uranium cost $33.93, the most in four years. Production interruptions as well as declines and higher demand led to higher uranium prices. And since the uranium market is a small one, closures and production reductions also have a big impact on the market. Today, the mood toward uranium has become more positive, not least because of the new U.S. president.
This is because clean energy is high on the agenda of many major economies. As a result, there has also been increased activity on the equity side, with uranium as an investment theme rising by around 107 percent in the past year. Before Fukushima, a pound of uranium cost a good $72 in 2011, after which the price fell to just under $19 per pound of uranium, a twelve-year low. For the next few years, most uranium experts expect a deficit. Nuclear power plants are usually more economical than environmentally friendly energy sources such as solar and wind, and about 70 times less carbon dioxide intensive than coal. Thus, some companies have already positioned themselves in wise foresight, because it is not a question of if, but only of when, to be prepared in the event of a breakout in the price of uranium.
Uranium Energy- https://www.youtube.com/watch?v=Em_jn2TcX6k -, for example, has positioned itself. The portfolio includes the largest ISR project currently being developed in the USA, numerous other projects, some of which have already been approved, a processing plant and stored physical uranium. H.C.Wainwright & CO recommends the company as a buy with a price target of five US dollars.
In Saskatchewan in the Athabasca Basin, IsoEnergy - https://www.youtube.com/watch?v=tPkBdRV_lew - should also be able to supply uranium at some point with several promising projects. The Laroque East property is home to the high-grade Hurricane zone.
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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