Uranium price goes up and takes uranium companies with it
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/).
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