Uranium production declines - uranium price rises
This is good news for the uranium price: the world's largest uranium producer is extending its production cuts over time.
Receive up-to-date information about the company directly via push notification
Kazakhstan is home to the industry giant Kazatomprom. The latter has now extended its production cuts - a massive 20 percent - until at least 2021. And Kazakhstan accounts for around 23 percent of global production. Already at the beginning of 2017 Kazatomprom announced to produce less. At that time it was still 10 percent. Then, in 2018, 7.5 percent less uranium came out of the mines, globally speaking.
Other major producers such as Cameco also acted in the same way. Even the world's largest high-grade uranium mine, McArthur River in northern Saskatchewan, Canada, is still being maintained. Cameco had decided in July 2018 to extend the planned 10-month production shutdown for an indefinite period.
Anyone who flirts with uranium stocks should now pay close attention and rethink their exposure to uranium stocks. Very high grade uranium deposits are found in the Athabasca Basin in Saskatchewan. They have the best chances to be lucratively exploited.
IsoEnergy or Fission 3.0 could be considered here. IsoEnergy - https://www.commodity-tv.net/c/search_adv/?v=299169 - owns uranium deposits in Saskatchewan, 13 objects in the eastern Athabasca Basin. These included the Laroque East property, which produced up to 15.9 percent U308 from drilling.
Fission 3.0 - https://www.commodity-tv.net/c/search_adv/?v=299215 - is also located in the Athabasca Basin with its uranium projects. In addition to the Lake North uranium property and the Cree Bay property, Fission 3.0 is pursuing other projects in Peru in the Macusani Uranium District. There are large near-surface uranium deposits here.
Current company information and press releases from Fission 3.0 (https://www.resource-capital.ch/en/companies/fission-30-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 can hold shares in the companies mentioned in each case and therefore there is a possible conflict of interest. Only the German version of these messages applies.
Disclaimer: The information provided does not constitute any form of recommendation or advice. We expressly point out the risks involved in securities trading. No liability can be assumed for damages resulting from the use of this blog. I would like to point out that shares and in particular warrant investments are generally 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. I expressly reserve the right to make a mistake, in particular with regard to figures and exchange rates, despite the utmost care. The information contained herein has been obtained from sources believed to be reliable but does not claim to be accurate or complete. Due to court rulings the contents of linked external sites are also to answer for (so among other things district court Hamburg, in the judgement of 12.05.1998 - 312 O 85/98), as long as no explicit dissociation from these takes place. Despite careful control of the contents, I do not assume any liability for the contents of linked external sites. The respective operators are solely responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/