USA have uranium on screen
At least that's what President Trump has proposed, and has done so for 10 years, every year. Because the government wants to help the uranium producers. The USA needs uranium to secure energy supplies. And the USA wants to get back into the global uranium competition. People no longer want to have to rely on countries like Russia or Kazakhstan on a grand scale.
According to budget documents, the availability of uranium is to be ensured, and domestic uranium producers are particularly in demand.
In general, there is a supply gap for uranium, which should provide good prospects for uranium values. In addition, the production cutbacks should drive the uranium price upwards again. The average production costs of around US$40 per pound of uranium - and the uranium price is still far from that today - do not yet provide for the exploration of new mines at the moment. In addition, it takes an average of 10 to 20 years from the discovery to the production of a uranium mine.
However, if a company has uranium projects that are ready for production, and in the USA, they should be pleased. This includes Uranium Energy, for example. The portfolio includes an operational processing plant in Texas and the three ISR projects there as well as an approved uranium project in Wyoming. In addition, there are further projects and, as a second mainstay, a ferrotite deposit in Paraguay.
Uranium companies like IsoEnergy with uranium projects in the best uranium regions will also benefit from an increasing demand for uranium. IsoEnergy is located with its projects in the Athabasca Basin in Saskatchewan, Canada. Drill results have already scored high grade results.
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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