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Press release Box-ID: 1095732

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

Uranium price picks up

(PresseBox) (Herisau, )
At the beginning of January, the price of a pound of uranium was 34 U.S. dollars; currently it is 46 U.S. dollars.

The experts who talk about rising uranium prices seem to be right. As a reminder, at the beginning of 2020, the price was still at a low of only 20 U.S. dollars per pound, so an impressive increase is a given. This, of course, is having an impact on the share prices of uranium companies. From a long-term perspective, too, the times seem rosy for the uranium sector. This is because there is still a clear discrepancy between the price and the price necessary for there to be new supply and for the existing supply to be maintained in an economically viable manner.

And according to a forecast by the International Atomic Energy Agency (IAEA), global nuclear capacity is expected to double by 2050. Decarbonization efforts will drive the construction of new nuclear power plants. At the moment, nuclear power provides about ten percent of the world's electricity. Globally, there are about 450 reactors today and 50 under construction, most of them in China. There is a need for new generation capacity, as old fossil fuel units need to be replaced. In the process, electricity demand is also increasing in many countries. Uranium supply is constrained, so many expect the price of uranium to continue its upward trend. Whether it will be similar to 2007, when the uranium price rose to an all-time high, from $45 to $139 per pound of uranium, remains to be seen.

If you look at uranium companies, you'll like Consolidated Uranium - https://www.youtube.com/watch?v=HvzfwSR2A4o&t=38s -. The company acquires and develops uranium projects around the globe, building up a substantial portfolio.

IsoEnergy - https://www.youtube.com/watch?v=ueS0RMOkMkQ - is also committed to uranium and is active in the Athabasca Basin in Saskatchewan, a particularly good place for uranium projects.

Current company information and press releases from Consolidated Uranium (- https://www.resource-capital.ch/en/companies/consolidated-uranium-inc/ -) 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.

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.