Climate protection urgently needed – uranium would help

Many countries have recognized that achieving climate targets is not possible without nuclear power plants, so new power plants are being built eagerly and many are in the planning stage. Unlike in this country. In 2021, 4.5 percent more greenhouse gases were blown into the air in Germany than the year before. With gas prices so high, there was an increased reliance on hard coal and lignite. Work is now underway on an emergency climate protection program. The expansion of renewable energies takes time, and our country in particular lacks wind and sun. Germany wants to be greenhouse gas neutral by 2045, which is no easy task.

Compared to all other energy sources, uranium is very cheap. When electricity suppliers‘ supply contracts are nearing the end, demand for uranium increases. New contracts are then based on significantly higher prices. The fact that uranium is in demand can be seen from recent price developments. Almost 60 U.S. dollars currently have to be paid for a pound of uranium. At the turn of the year last year, 40 U.S. dollars was enough to get a pound of uranium, so the price has risen enormously. The USA’s plans to impose a ban on uranium imports from Russia are certainly one of the reasons for this. The U.S. relies heavily on cheap Russian uranium to meet its electricity needs. At the same time, the largest uranium mine operators tend to keep production at low levels. For example, Cameco, one of the major uranium producers, commented that it does not intend to increase production to contribute to oversupply.

Uranium companies should be pleased with the high uranium price and the development on the uranium market. These include IsoEnergy and Consolidated Uranium.

IsoEnergy – https://www.youtube.com/watch?v=gn9fk-ARE8A – has uranium projects in an excellent uranium area, the Athabasca Basin in Saskatchewan. Particularly high grade there is the Larocque East property with the Hurricane Zone.

Consolidated Uranium – https://www.youtube.com/watch?v=N1z3_U98lJ8 – has uranium projects in Canada, Argentina, Australia and the USA in its portfolio. These are joined by uranium and vanadium mines in Utah and Colorado.

Current corporate 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.

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