Uranium has many advantages. Nuclear energy compared to other forms of electricity generation is efficient, reliable and clean. Compared to other forms of energy, nuclear energy produces the lowest CO2 equivalent emissions, so good for global decarbonisation targets. Uranium has a high energy density, which is positive for extraction and transport. For example, a nuclear fuel pellet is only the size of a gummy bear. The unbeatable capacity factor of nuclear power compared to conventional or alternative energy sources comes into play when solving global energy needs.
Uranium share prices have moved strongly recently. This is a potential indicator for higher uranium prices. The uranium price is influenced on the one hand by a growing production and demand imbalance and on the other hand by future supply contracts. This is because as more nuclear power plants are built globally, demand for uranium increases. Also, major purchases by mutual funds and juniors have driven up uranium spot prices. As a result, 2021 will likely be the strongest year for non-utility buying in the last decade. At the same time, production is dwindling, a perfect scenario for rising uranium prices. As yet, the production gap or demand gap is being met with secondary supply, although this is not infinite.
With new uranium production likely to come with higher prices, uranium fans should start looking at uranium companies.
For example, Uranium Energy - https://www.youtube.com/watch?v=oMaVTwhuAuQ -, a leading uranium company that is advancing low-cost, environmentally friendly in-situ recovery uranium projects. Projects are located in South Texas and Wyoming, some of which have already been approved.
IsoEnergy - https://www.youtube.com/watch?v=88pChq5Oulg - is pursuing its uranium projects in the famous Athabasca Basin in Saskatchewan. The Hurricane zone in the Laroque East property is particularly high-grade.
Current company information and press releases from IsoEnergy (-https://www.resource-capital.ch/... -) and Uranium Energy (- https://www.resource-capital.ch/en/companies/uranium-energy-corp/ -).
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