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Press release Box-ID: 1127811

Swiss Resource Capital AG Poststrasse 1 9100 Herisau, Switzerland http://www.resource-capital.ch
Contact Mr Jörg Schulte +49 2983 974041

Uranium price on the way up

(PresseBox) (Herisau, )
The supply gap for uranium is growing. Even though the price of uranium has currently fallen, the price trend could soon reverse.

There are experts who believe that a uranium price of US$100 per pound is possible in the near future. Rising demand and falling supply at the same time speak in favor of this. Macquarie Bank, for example, is particularly bullish on uranium prices. The reason lies in increased contract activity, the new focus on energy security and the forecast supply deficit. The investment bank now expects prices to reach $55 in 2024 and $60 in 2025. Uranium companies that are at home in high-grade uranium jurisdictions and can produce at short notice have the best chances.

These include Uranium Energy with its environmentally friendly and low-cost ISR uranium projects in the USA and Canada. Key permits are already in place. In Canada, Labrador Uranium - https://www.youtube.com/watch?v=YjqrYpvif3w - is exploring and developing uranium projects, over a land area of 139,000 hectares.

The reactivation of 17 existing reactors in Japan, on the one hand, and France's statement that its nuclear power will be fully utilized by winter, on the other, speak for an increasing demand for uranium. In order to create incentives for additional new uranium supply, a price increase in uranium as a raw material is necessary. According to Macquarie, uranium demand will definitely exceed supply. This is because, in addition to reactor restarts, the global drive toward decarbonization is having an impact, as are physical purchases by funds. The world's largest physical uranium fund holds nearly 58 million pounds of uranium, or about one-third of the previous year's uranium production.

Current corporate information and press releases from Uranium Energy (- https://www.resource-capital.ch/en/companies/uranium-energy-corp/ ) and Labrador Uranium (- https://www.resource-capital.ch/en/companies/labrador-uranium-inc/ -).

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/

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The publisher indicated in each case is solely responsible for the press releases above, the event or job offer displayed, and the image and sound material used (see company info when clicking on image/message title or company info right column). As a rule, the publisher is also the author of the press releases and the attached image, sound and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.