The earth's population quadrupled between 1900 and 2000. At the same time, the demand for energy increased about tenfold. The use of fossil fuels also led to a massive increase in greenhouse gases. To ensure that greenhouse gas emissions do not continue to grow, climate-friendly energy generation that is not based on fossil fuels is needed.
This is where wind and hydroelectric power, as well as nuclear power plants, come into play. The world's first nuclear power plant was commissioned in 1954 in Russia, in Obninsk. A year later, a power plant went into operation in England, which is considered the world's first commercial nuclear power plant. Submarines and aircraft carriers were then also nuclear powered.
Enriched uranium is used as fuel in the nuclear power plants. The initial investment for a power plant and the dismantling costs are very high, whereas the running costs are relatively low. How much a megawatt hour of electricity costs in the end depends primarily on the operating time of a reactor. New power plants are being built all over the world, and they all need the uranium to operate. This is supplied by companies that own uranium projects.
These include Uranium Energy - https://www.youtube.com/watch?v=pyXp7W-cKNw -, for example. The company specializes in ISR uranium projects. There are projects in Texas, including a processing plant, and in Wyoming. In addition, Uranium Energy has a stake in Uranium Royalty Corp. and owns physical uranium stored in the USA. H.C.Wainwright & Co. has just reissued a Buy recommendation on the stock and raised the price target from $3.60 to $5.00.
Another uranium company, International Consolidated Uranium - https://www.youtube.com/watch?v=pfJv6yAcNMw - owns gold projects and uranium projects. Recently, the company has entered into option agreements to acquire the Ben Lomond and Georgetows uranium projects in Australia and the Mountain Lake uranium project in Nunavut.
Current corporate information and press releases from Uranium Energy (https://www.resource-capital.ch/de/unternehmen/uranium-energy-corp/).
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.
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