Uranium projects become more valuable
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/).
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