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Uranium price on the rise

In March and April, the price of uranium rose significantly. As in previous years

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The price of uranium has risen by about 37 percent this year. Today, for example, a pound of uranium costs a good US$33, whereas in January it cost just under US$25. The price has thus freed itself from its stagnation phase since the Fukushima disaster. The price increase in 2020 was caused by production cuts by major producers and shutdowns by Covid-19.

Another reason is certainly the USA's efforts to push the uranium market forward. A strategic uranium stockpile is to be built up. To this end, the USA is releasing funds amounting to around 150 million US dollars annually over the next ten years. Because the USA has also recognized how important this raw material will be in the future.

An extremely positive aspect for Uranium Energy, for example: https://www.commodity-tv.com/play/uranium-energy-best-position-for-restart-of-us-uranium-production/. The company owns uranium projects in Texas, Wyoming, New Mexico, Arizona and Paraguay. These are well advanced, and some have already been approved.

Around 440 reactors are in operation, about the same number as before Fukushima. 50 nuclear reactors are currently under construction. Especially modern smaller reactors are being discussed. The nuclear sector is widespread in around 30 countries and progress is estimated at 500 to 740 billion US dollars over the next ten years. This, according to uranium expert Nick Hodge, will significantly advance the uranium industry.

The upside potential in the uranium price will also benefit uranium companies such as IsoEnergy: https://www.commodity-tv.com/play/newsflash-with-goldmining-rnc-minerals-isoenergy-and-gold-terra-resources/. With uranium projects in the famous Athabasca Basin in Saskatchewan, the company is located in an excellent uranium area.

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/).

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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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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