Uranium production declines - uranium price rises
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/).
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