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Uranium price goes up and takes uranium companies with it

One pound of uranium currently costs almost 34 US dollars. Until mid-March, the price had been languishing at around USD 25 for a year. Uranium companies should be pleased

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Before the Fukushima disaster, the price of a pound of uranium was around USD 65, then it fell to less than USD 18.50 (2016). This was also felt at that time by the heavyweights in the industry in terms of share price. By January 2017, the price of the commodity had already reached USD 25. The reason was a lower supply, especially from the main producing country Kazakhstan.

Today the price of uranium is much higher. So is the share price of uranium companies such as IsoEnergy or Uranium Energy. Extremely positive for Uranium Energy is the fact that the USA see uranium production in their own country as part of national security. This is because the USA want to reduce their dependence on imports. And Uranium Energy - https://www.commodity-tv.com/play/uranium-energy-best-position-for-restart-of-us-uranium-production/ - owns uranium projects in addition to a processing plant in South Texas, some of which have already been approved. These are located in Texas, Wyoming, Arizona, New Mexico and Paraguay.

IsoEnergy operates in the famous Athabasca Basin in Saskatchewan: https://www.commodity-tv.com/play/newsflash-with-fiore-gold-rnc-minerals-corvus-gold-isoenergy-and-skeena-resources/. Following a further acquisition of uranium exploration properties, IsoEnergy's portfolio now includes an area of around 109,000 hectares. Particularly noteworthy is the Evergreen property, which covers almost 32,000 hectares. Not far away is the well-known Key Lake Mill. Canada is also the world's largest uranium producer after Kazakhstan.

The prospects for uranium companies are not bad, because with the coming population growth, the demand for energy will increase.

Current company information and press releases from IsoEnergy (https://www.resource-capital.ch/en/companies/iso-energy-ltd/) and Uranium Energy (https://www.resource-capital.ch/en/companies/uranium-energy-corp/).

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.

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