Nuclear energy is at a historic moment

There are currently around 440 nuclear power plants in operation. Almost every week there is news about the recommissioning or expansion of older nuclear power plants. This is because the world’s hunger for energy is gigantic and growing. The net-zero targets and data centers need electricity. This year, the International Energy Agency is expecting a record level of electricity generation from reactors. Hopes are pinned on small modular reactors (SMRs). These work with molten salt and consume an estimated 80 percent less energy during construction than conventional nuclear power plants, which are cooled with water. SMRs also score points for greater energy efficiency, less radioactive waste and greater operational safety. This is because it is almost impossible for radioactive water or steam to escape. Today, only nine percent of global electricity generation is still produced by nuclear power plants. But uranium is experiencing a renaissance.

According to calculations, the world’s uranium reserves should last for a long time, but first it has to be extracted from the ground by mining companies, such as Uranium Energy – https://www.commodity-tv.com/ondemand/companies/profil/uranium-energy-corp/ -. This company owns environmentally friendly and cost-effective ISR uranium projects in the USA, other projects in Canada and three hub-and-spoke platforms in South Texas and Wyoming.

Most uranium is currently produced by mines in Canada, Kazakhstan, Australia and Niger. Uniquely high concentrations of uranium are found in the Athabasca Basin in Saskatchewan. This means that uranium can be extracted there more cost-effectively than elsewhere in the mining industry.

One uranium company that is located there with its projects is Cosa Resources – https://www.commodity-tv.com/ondemand/companies/profil/cosa-resources-corp/ -. The projects cover an area of approximately 237,000 hectares. High-ranking uranium target areas have already been identified.

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