High uranium price best for uranium companies

Even if the price of a pound of uranium has just slipped slightly below the magic line of 100 US dollars, the rise in the price of uranium is remarkable. Kazatomprom’s much-noticed reduced production forecast is based on production problems. This is because sulphuric acid is in short supply and construction delays are also hampering uranium production. After the Fukushima disaster, the uranium market was oversupplied. But today the supply situation looks very different. The mine supply is no longer sufficient to meet the needs of nuclear reactors.

And the number of nuclear power plants is growing. The UK, for example, has pledged to invest 300 million pounds in supporting the country’s own uranium production. Enrichment services are also important, as HALEU (High-Assay Low-Enriched Uranium) has so far only been produced by Russia and China. The US government is committed to maintaining existing nuclear power plants and grants loans for this purpose.

And Michigan could see the first recommissioning of a decommissioned US nuclear reactor. The USA also wants to ban Russian uranium imports. Niger is an important uranium-producing country. The coup d’état of summer 2023 is still present and is affecting uranium production. All of this reduces security of supply. Uranium is now a sought-after commodity. And so, driven by the high uranium price, there are more and more announcements that uranium projects that have been shut down will be revived.

Uranium Energy – https://www.commodity-tv.com/ondemand/companies/profil/uranium-energy-corp/ -, for example, has announced the restart of its Christensen Ranch project in Wyoming. Production is scheduled to start in August 2024. Uranium Energy owns uranium projects in the USA and Canada as well as various uranium interests, making it an interesting company for investors.

In the uranium sector, it is now also possible to invest in a royalty company, namely Uranium Royalty – https://www.commodity-tv.com/ondemand/companies/profil/uranium-royalty-corp/ -. Uranium Royalty is involved in almost 20 uranium projects.

Current company information and press releases from Uranium Royalty (- https://www.resource-capital.ch/de/unternehmen/uranium-royalty-corp/ -) and Uranium Energy (- https://www.resource-capital.ch/de/unternehmen/uranium-energy-corp/ -).

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