Uranium price goes steeply upwards

The fact that nuclear power is part of the solution to ensure sustainable security of energy supply is coming into focus.

Even though people in this country have turned away from nuclear energy, many countries are working on expanding this form of energy generation. China alone plans to commission 47 new nuclear reactors in the next eight to ten years. The U.S. has (as of January 2023) 92 nuclear power plants that are operational, meaning they are connected to the electricity grid. Turkey is currently negotiating with China, Russia and South Korea on the planning of a second and third nuclear power plant. And negotiations should be underway with the U.S. regarding small modular reactors. Turkey is not the only country where energy demand is growing. The dependence on external sources should also be reduced and Turkey wants to become climate neutral. Since 2018, the Akkuyu nuclear power plant has been under construction in Turkey, based on a Turkish-Russian agreement, and it is expected to cost $20 billion. It is the first nuclear power plant for the country. It is expected to cover ten percent of Turkey’s electricity needs, starting around 2028.

Radical changes are needed worldwide to become climate neutral. Wind and solar energy must be expanded, and energy efficiency measures must be taken. But nuclear energy is a necessary part of the plans. In the meantime, researchers in the USA have succeeded in obtaining more energy from nuclear fusion than the plant consumed. This breakthrough in fusion technology is significant for a future of infinite clean energy. However, it is estimated that several decades will pass before this can be used commercially. Interesting companies in the uranium sector include Latitude Uranium and Uranium Energy.

Latitude Uranium’s – https://www.commodity-tv.com/ondemand/companies/profil/latitude-uranium-inc/ – uranium projects are located in Labrador and Nunavut, two excellent uranium regions.

Uranium Energy – https://www.commodity-tv.com/ondemand/companies/profil/uranium-energy-corp/ – can score points with projects in the USA and Canada, some of which are already operational. Uranium Energy is also well financed and has a stake in the only royalty company in the uranium sector.

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

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