The price of uranium has reached its highest level since 2015. It could be the right time for investments.
The price increase is partly due to a single fund that aggressively cornered the physical market. That's because investment firm Sprott Inc. had launched the Physical Uranium Trust in early 2021 and reported how much physical uranium had been bought up, about 24 million pounds of uranium, some of it more than 500,000 pounds in a single day. This is to support the recent bull market in uranium as a commodity. By comparison, the total spot volume for 2020 was about 92 million pounds of uranium.
And as Kazatomprom announced earlier this year, production is to remain at a reduced level until 2023. Uranium futures on the New York Mercantile Exchange (Nymex) recently rose by around 15 percent. So, things are happening. No wonder, energy costs are rising as demand recovers after the sometimes-drastic pandemic shutdowns. The world is set to become increasingly decarbonised, so the war on fossil fuels is on. Among the green alternatives is nuclear energy.
Famous for uranium is the Athabasca Basin in Saskatchewan, one of the best uranium areas in the world with the largest and highest-grade uranium deposits and a rich uranium mining history. Where politics is pro-mining, IsoEnergy - https://www.youtube.com/watch?v=88pChq5Oulg -, for example, has a presence with its uranium projects.
There, the company owns the high-grade Laroque East deposit, which hosts the remarkable Hurricane Zone deposit. Consolidated Uranium - https://www.youtube.com/watch?v=_VlnEXzav0s - is also a company that specializes in uranium, in addition to gold. Thus, the company has its eyes on uranium projects in the USA, Canada, Australia and Argentina.
Current company information and press releases from 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.
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 price increase is partly due to a single fund that aggressively cornered the physical market. That's because investment firm Sprott Inc. had launched the Physical Uranium Trust in early 2021 and reported how much physical uranium had been bought up, about 24 million pounds of uranium, some of it more than 500,000 pounds in a single day. This is to support the recent bull market in uranium as a commodity. By comparison, the total spot volume for 2020 was about 92 million pounds of uranium.
And as Kazatomprom announced earlier this year, production is to remain at a reduced level until 2023. Uranium futures on the New York Mercantile Exchange (Nymex) recently rose by around 15 percent. So, things are happening. No wonder, energy costs are rising as demand recovers after the sometimes-drastic pandemic shutdowns. The world is set to become increasingly decarbonised, so the war on fossil fuels is on. Among the green alternatives is nuclear energy.
Famous for uranium is the Athabasca Basin in Saskatchewan, one of the best uranium areas in the world with the largest and highest-grade uranium deposits and a rich uranium mining history. Where politics is pro-mining, IsoEnergy - https://www.youtube.com/watch?v=88pChq5Oulg -, for example, has a presence with its uranium projects.
There, the company owns the high-grade Laroque East deposit, which hosts the remarkable Hurricane Zone deposit. Consolidated Uranium - https://www.youtube.com/watch?v=_VlnEXzav0s - is also a company that specializes in uranium, in addition to gold. Thus, the company has its eyes on uranium projects in the USA, Canada, Australia and Argentina.
Current company information and press releases from 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.
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/
