Uranium - resurrected like the phoenix from the ashes
Today, a pound of uranium costs more than 80 US dollars per pound, the highest price since 2011.
(PresseBox) - Demand is rising and supply is scarce. The best prospects for a further rise in the price of uranium. The days when uranium mines were shut down because the uranium price was so low (18 US dollars per pound) are finally over. In addition, the energy suppliers stocks are falling. If the uranium price is higher, the number of new mining projects will increase, and this is the only way to close the uranium supply gap. Like the phoenix after the complete collapse, uranium is now making a successful and glorious appearance. For years the uranium industry had been written off, but now it is back with a new lease of life. Generating electricity from nuclear energy is considered to be low in CO2. And the climate protection targets of many countries can only be achieved if some of the energy is also generated from nuclear power. The market is set to grow by more than 16 percent by 2030. According to a US law, unirradiated, low-enriched uranium from Russia may no longer be exported to the USA. Russia has been an important player in the processing of uranium into nuclear fuel. The USA and the EU had imported large quantities of uranium from Russia. However, dependence on Russia is no longer welcome. But capacities must first be expanded.
Some industry experts believe that the development of new nuclear technologies is underestimated. After all, the nuclear power and uranium funds are now larger than other clean energies combined. This shows the importance of nuclear power and uranium. Investors looking to jump on the uranium bandwagon should familiarize themselves with stocks like IsoEnergy or Premier American Uranium because they have the uranium in their projects. And the high uranium price makes their projects more valuable.
IsoEnergy - https://www.commodity-tv.com/ondemand/companies/profil/isoenergy-ltd/ - owns high-grade uranium projects in Canada, Australia and the USA. In particular, the Hurricane deposit in the Laroque East project in Saskatchewan is extremely high-grade.
Premier American Uranium - https://www.commodity-tv.com/ondemand/companies/profil/premier-american-uranium-inc/ - has large properties in uranium-producing regions in the USA, in Colorado and Wyoming.
Current company information and press releases from Premier American Uranium (- https://www.resource-capital.ch/en/companies/premier-american-uranium-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.
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Unternehmensinformation / Kurzprofil:
Datum: 29.10.2024 - 06:39 Uhr
Sprache: Deutsch
News-ID 713361
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