Uranium projects become more valuable
As the price of uranium rises, so does the value of high-quality uranium projects
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As with other commodities, such as gold, so is uranium. The value of and returns on uranium companies are rising. Admittedly, the industry had its crisis due to less demand after the Fukushima disaster. Some major producers even had to cut back their production. But in the long run, demand will exceed potential production, according to studies. Meanwhile, mining operations that were closed due to Covid-19 are being ramped up, but the significant Cigar Lake uranium project is still closed.
Much of the uranium needed for nuclear power plants comes from Kazakhstan. The Kazatomprom company based there is the world's largest uranium mining company. Until 2009, Canada supplied the largest share of global uranium production. However, Canada and especially the Athabasca Basin in Saskatchewan still play a major role in the uranium business today. The rich uranium ore bodies there have the highest uranium content.
For companies located in the Athabasca Basin, such as IsoEnergy, the chances of making lucrative profits should therefore be good, given the rising uranium price. After all, the company owns 21 uranium exploration properties there covering an area of 170,700 hectares.
The nuclear power industry consumes more uranium than is currently produced. According to the International Atomic Energy Agency (IAEA), the increase in the number of nuclear reactors will further increase the global demand for uranium. The USA has also recognized that sufficient uranium capacities are important. The great dependence on uranium supplies from other countries should be reduced.
Uranium Energy is one of the US uranium stocks. With uranium projects in Texas, Wyoming, New Mexico, Paraguay and Arizona, some of which have already been approved or are well advanced, the Company should be certain of uranium customers.
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/).
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