Since 2012, the uranium price has not reached the level of US$50 per pound. The quotation even plunged to 18 US dollars. It is no wonder that moping was the order of the day and even the leading producers of this energy source put capacities and production on hold. In the meantime, however, the uranium price has not only stabilized, but also managed to climb out of its valley. Nevertheless, a price of around 30 dollars is still far from sufficient to unfreeze the frozen capacities of the producers.
Even industry giants like Cameco need a significantly higher price to expand their production again. 50 US dollars per pound is more likely to be the lower limit for the price. No wonder that the voices of analysts are getting louder, who are attributing upward potential to the uranium price. After all, demand is increasing from the ranks of electricity suppliers operating nuclear power plants. For example, the analysts of the investment house Raymond James expect the uranium price to rise to 42.50 US dollars in 2021. For 2022 they even estimate 45 US dollars.
It is estimated that the uranium price will not stop at $45. This is because most new production capacities and shut-down mines are unlikely to become interesting for producers until they exceed the $50 mark. However, there are also a number of emerging uranium companies that have promising projects that are likely to be interesting even below the $50 uranium price. These include Uranium Energy and IsoEnergy.
Uranium Energy - https://www.youtube.com/watch?v=LHMoUHn5UI8 - with the largest U.S. resource base of approved uranium projects, is well positioned to play an important role in the renaissance of U.S. uranium mining.
IsoEnergy - https://www.youtube.com/watch?v=vJ8md8fk2DU&t=9s - has several uranium projects in the Athabasca Basin in Saskatchewan. Favorable mining costs and high-grade zones in IsoEnergy's properties speak for themselves.
Current company information and press releases from Uranium Energy (www.resource-capital.ch/en/companies/uranium-energy-corp/) and IsoEnergy (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/
