The role of nuclear energy must grow

The economic viability of new nuclear power plants depends on costs and the duration of the construction period. As some countries only built a small number of nuclear power plants or none at all for a long time, costs have risen. Countries that maintained their development programs were even able to reduce costs in some cases. In the 1970s and 1980s, a total of almost 400 nuclear reactors were connected to the power grid around the world. Electricity customers paid a standard price for their electricity. At the end of the 1990s, more competition was introduced, and customers were able to choose their own electricity supplier. Building a nuclear power plant is similar to a major infrastructure project. However, financing is not easy. Today, many countries rely on nuclear power. Uranium is therefore experiencing a renaissance. The price of uranium has therefore already exceeded the 100 US dollar mark this year, reaching its highest level in 16 years. The uranium price reached its all-time high in June 2007 at 136 US dollars per pound. Once the nuclear power plants currently under construction and those planned are connected to the grid, it is foreseeable that a lot of uranium will be needed. Uranium companies therefore have the best prospects for the future given the expected uranium deficit.

For example, Cosa Resources – https://www.commodity-tv.com/ondemand/companies/profil/cosa-resources-corp/ – with its uranium projects in the uranium-rich Athabasca Basin in Saskatchewan.

Premier American Uranium – https://www.commodity-tv.com/ondemand/companies/profil/premier-american-uranium-inc/ –  also has outstanding uranium projects in Wyoming and Colorado.

Current company information and press releases from Premier American Uranium (- https://www.resource-capital.ch/en/companies/premier-american-uranium-corp/ -) and Cosa Resources (- https://www.resource-capital.ch/en/companies/cosa-resources-corp/ -)

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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