Uranium – the great returnee among raw materials

Today, a pound of uranium costs just under 80 US dollars. Five years ago, only around 25 US dollars per pound of uranium had to be paid. Today, it is clear that a carbon-neutral future must also include nuclear energy. Based on the fundamentals and the overall picture of the uranium market, it is clear that supply will not be able to keep pace with demand. And this demand is coming from (almost) all over the world. The need for clean and safe energy outweighs the ever-decreasing fear of nuclear disasters. And the issue of climate change is on everyone’s lips. The highest share of nuclear energy in electricity generation is in France, the country that is fully committed to nuclear energy. The country produced around 65 percent of its electricity from nuclear power in 2023. France builds large reactors, is also dedicated to smaller modular reactors – and sells electricity to Germany.

Nuclear fission produces heat in nuclear power plants, water condenses and the resulting steam drives turbines to generate electricity. Overall, nuclear energy accounts for around nine percent of electricity generation worldwide. Last year, the USA produced the most nuclear power worldwide, followed by China and France. The uranium required for nuclear power plants is already in short supply and will be even more so in the coming years. The largest uranium reserves are located in Kazakhstan, Canada, Brazil and South Africa. Companies such as Premier American Uranium and Uranium Energy will be able to provide the urgently needed uranium supplies.

Premier American Uranium – https://www.commodity-tv.com/ondemand/companies/profil/premier-american-uranium-inc/ – has extensive properties in uranium-producing regions in the USA, in Colorado and Wyoming.

Uranium Energy – https://www.commodity-tv.com/ondemand/companies/profil/uranium-energy-corp/ – also has high-grade uranium projects in Canada and the USA. In Wyoming, the company has just successfully restarted uranium production.

Current company information and press releases from Premier American Uranium (- https://www.resource-capital.ch/en/companies/premier-american-uranium-corp/ -) and Uranium Energy (- https://www.resource-capital.ch/en/companies/uranium-energy-corp/ -).

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