Uranium price at almost 60 US dollars per pound

Uranium has become significantly more expensive and thus more valuable, and the same applies to uranium companies. After Biden’s statement that sanctions against Russia’s state nuclear energy company Rosatom are being considered, the uranium spot price got another boost. There are currently 438 active nuclear reactors. Nuclear power ranks second only to hydroelectric power. Many governments around the world now want to become more independent of energy supplies from other countries. Nuclear energy can help here, and uranium is also in demand on the way to a long-term zero-emissions target, as can currently be seen from the price trend. So far in 2022, spot uranium prices have risen by more than 30 percent. A high since September 2011 has been recorded. This is also driving up the share prices of many uranium companies.

There are currently 51 nuclear power plants under construction that will be operational in the next five years and 325 in the planning stages. Nuclear power could become the primary energy source of the future. Thus, the growing interest in clean nuclear energy and record rates of commodity inflation are creating increasing interest in uranium as a commodity by the investment community.

Uranium Energy – https://www.youtube.com/watch?v=fv7Ic3ZTKNQ -, for example, is one of the interesting uranium companies. The share price registered an increase of about 62 percent last month. The debt-free largest uranium company in the U.S. owns two operational hub-and-spoke production platforms and seven licensed, low-cost ISR uranium projects.

Consolidated Uranium – https://www.youtube.com/watch?v=N1z3_U98lJ8 – is also worth a longer look. With uranium projects in Australia, Argentina, Canada and the USA, as well as a portfolio of approved, already producing mines in Utah and Colorado, the company is well positioned.

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

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