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Uranium on the sunny side

After many years in which the uranium price just bobbed along, the mood seems to be changing

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The current spot price of around US$30 per pound of uranium is well above the multi-year low. However, a higher price is still needed to generate profits. For the construction of new uranium mines, the uranium price would probably have to be significantly higher. The current positive mood has also had an impact on the uranium companies, many of whose share values have risen. Following the widespread shutdown of Japanese reactors after the Fukushima disaster, a uranium surplus had built up. In the uranium industry, contracts are long-term and expensive long-term contracts were in place.

In 2016, for example, uranium cost only $18 per pound. Then in 2018, relatively late, producers such as industry heavyweight Kazatomprom reduced their uranium production. Cameco, another uranium giant, put its McArthur River mine into maintenance mode. Rio Tinto sold a large part of its Rossing uranium mine to the Chinese. Today, uranium is considered a reliable source of energy and prevents the generation of many billions of tons of carbon dioxide. And preventing emissions is now important worldwide because of climate policy. According to a report by the World Nuclear Association, uranium demand has already increased by about 26 percent compared to the previous year.

And there are still uranium companies that have the potential for spectacular projects and are pushing ahead with them, because they have recognized the potential of the coming years. 

These include IsoEnergy -, for example, with its uranium projects in the Athabasca Basin in Saskatchewan, which is famous for uranium wealth. The Hurricane Zone discovered by the company on the Larocque East property there is particularly promising. 

International Consolidated Uranium - - owns gold projects but has been focusing on uranium projects for some time. The company is working on or has completed the acquisition of several projects and is active in Labrador, Quebec and Australia.

Current company information and press releases from IsoEnergy (
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 

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