The uranium price – a high-flyer

Five years ago, the price of uranium was hovering around 25 US dollars per pound. Today, around 105 US dollars have to be paid for the same amount. There is a lot of energy in a uranium atomic core. A 1000-megawatt nuclear reactor only needs around 200 tons of uranium per year to generate enough electricity for one million people. A coal-fired power plant would have to burn more than two million tons of coal to generate the same amount of electricity. Uranium therefore has a high energy density, is climate-friendly and nuclear power plants have become increasingly safe over time. It is the climate targets that have brought nuclear power plants back into focus.

When it comes to electricity generation options, nuclear power simply has the edge. Especially as long as wind and solar energy are not sufficient to supply mankind. Uranium is not only the heaviest chemical element, traces of it are present almost everywhere in the environment. As far as we know today, uranium ore deposits are found all over the world. There is even uranium in the oceans. In principle, the existing uranium reserves should last for a long time. The largest uranium reserves are in Australia, followed by Kazakhstan and Canada. They are followed by Russia, Namibia and South Africa.

The most important uranium-producing countries are Kazakhstan, Namibia and Canada. They are responsible for around a third of global production. Kazakhstan provided almost 22,000 tons of uranium in 2022, putting it in first place. Uranium is mostly extracted by in situ leaching, but there are also open pit and underground mines. Uranium as a by-product in the extraction of other metals is rare. Since uranium is and will be a sought-after raw material due to the many new reactors, uranium companies should also be in the spotlight.

IsoEnergy – https://www.commodity-tv.com/ondemand/companies/profil/isoenergy-ltd/ – has projects in the famous Athabasca Basin in Saskatchewan. The Hurricane deposit in particular stands out due to its very high uranium content.

American Future Fuel – https://www.commodity-tv.com/ondemand/companies/profil/american-future-fuel-corp/ – is also located in an excellent area with its Cebolleta uranium project, in the Grants Mineral Belt in the USA.

Current company information and press releases from IsoEnergy (- https://www.resource-capital.ch/en/companies/iso-energy-ltd/ -) and American Future Fuel (- https://www.resource-capital.ch/en/companies/american-future-fuel-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.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 – 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/