The uranium industry is back. But global reserves are still low and the potential for supply shortages is high.
The fact that a pound of uranium currently costs around 50 US dollars could be just the beginning. It is still a good 90 U.S. dollars short of the old highest price. But there's always room for improvement. Around two-thirds of global uranium production comes from Kazakhstan, Canada and Australia. Last year, Kazakhstan produced about 43 percent of the world's uranium, Canada about 15 percent and Namibia about 11 percent. About 55 percent is now produced by in-situ leaching. And various figures show that the demand for uranium is growing. Almost 60 new nuclear power plants were under construction at the end of 2022. There are 439 nuclear reactors in operation worldwide. According to the Nuclear Fuel Report, uranium demand is expected to increase by 27 percent by 2030 and 38 percent by 2040.
Most uranium for nuclear power plants in Canada comes from the province of Saskatchewan. This is because the soil of the Athabasca Basin there is extremely rich in uranium. In no other region on earth are such high uranium concentrations found as in the Athabasca Basin. The International Atomic Energy Agency (IAEA) points to the importance of nuclear power in achieving CO2 targets. Should uranium play a key role on the way to clean forms of energy, which seems quite likely, investments in uranium companies are now an exciting proposition. This is especially true since the lack of interest in uranium in recent years has led to limited supply.
In the Athabasca Basin, for example, IsoEnergy - https://www.commodity-tv.com/ondemand/companies/profil/isoenergy-ltd/ - has three prospective uranium projects.
Uranium Energy - https://www.commodity-tv.com/ondemand/companies/profil/uranium-energy-corp/ - focuses on low-cost, environmentally friendly in-situ recovery projects. Some of these are already operational and they are located in the USA and Canada. The company also owns a stake in the only royalty company in the uranium sector.
Current company information and press releases from IsoEnergy (- https://www.resource-capital.ch/en/companies/iso-energy-ltd/ -) and Uranium Energy (- https://www.resource-capital.ch/en/companies/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.
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 applies: https://www.resource-capital.ch/en/disclaimer/
The fact that a pound of uranium currently costs around 50 US dollars could be just the beginning. It is still a good 90 U.S. dollars short of the old highest price. But there's always room for improvement. Around two-thirds of global uranium production comes from Kazakhstan, Canada and Australia. Last year, Kazakhstan produced about 43 percent of the world's uranium, Canada about 15 percent and Namibia about 11 percent. About 55 percent is now produced by in-situ leaching. And various figures show that the demand for uranium is growing. Almost 60 new nuclear power plants were under construction at the end of 2022. There are 439 nuclear reactors in operation worldwide. According to the Nuclear Fuel Report, uranium demand is expected to increase by 27 percent by 2030 and 38 percent by 2040.
Most uranium for nuclear power plants in Canada comes from the province of Saskatchewan. This is because the soil of the Athabasca Basin there is extremely rich in uranium. In no other region on earth are such high uranium concentrations found as in the Athabasca Basin. The International Atomic Energy Agency (IAEA) points to the importance of nuclear power in achieving CO2 targets. Should uranium play a key role on the way to clean forms of energy, which seems quite likely, investments in uranium companies are now an exciting proposition. This is especially true since the lack of interest in uranium in recent years has led to limited supply.
In the Athabasca Basin, for example, IsoEnergy - https://www.commodity-tv.com/ondemand/companies/profil/isoenergy-ltd/ - has three prospective uranium projects.
Uranium Energy - https://www.commodity-tv.com/ondemand/companies/profil/uranium-energy-corp/ - focuses on low-cost, environmentally friendly in-situ recovery projects. Some of these are already operational and they are located in the USA and Canada. The company also owns a stake in the only royalty company in the uranium sector.
Current company information and press releases from IsoEnergy (- https://www.resource-capital.ch/en/companies/iso-energy-ltd/ -) and Uranium Energy (- https://www.resource-capital.ch/en/companies/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.
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 applies: https://www.resource-capital.ch/en/disclaimer/
