Nuclear power and uranium

The Russia-Ukraine war is also causing the world to split into two camps when it comes to uranium. The western part with Europe, Japan, Australia and North America is one side of the uranium market, the other side is more or less the rest. In the case of uranium, Russia and the countries with Russian input are important producer countries. So, given the current situation, the West will seek to become more independent and provide its own uranium supplies, to the extent possible. Uranium companies with uranium projects in the Western area are likely to face lucrative times. The U.S. has already pointed in this direction with various laws. For example, nuclear power plants located in the U.S. must use domestic uranium. In addition, production of uranium has declined over the past decade, while demand has increased.

The yield from uranium mines is also declining in some cases. For example, Kazatomprom, the world's largest uranium producer, produced around eleven percent less uranium in the second quarter of 2022 than in the same period of the previous year. Here, among other things, the pandemic had an impact on the development of drilling fields due to a shortage of certain materials. In 2021, the Group accounted for around 24 percent of global uranium production. Today, many experts are predicting a possible supercycle in uranium. Uranium is now safe, CO2-free, enjoys increasing acceptance. And wind and solar power alone will not be enough to meet climate goals and provide adequate energy supplies. Uranium companies such as Consolidated Uranium or Labrador Uranium could therefore be investments with very good prospects of success.

Consolidated Uranium - https://www.youtube.com/watch?v=tAZP4Xrc-0M&t=2s - owns uranium projects or the rights to acquire them in Argentina, Australia, Canada and the USA. It also has previously producing uranium and vanadium mines in Utah and Colorado.

Labrador Uranium - https://www.youtube.com/watch?v=tw25CP21Ifs&t=145s - focuses on uranium projects in Labrador, Canada, covering nearly 140,000 hectares of prospective land.

Current corporate information and press releases from Consolidated Uranium (- https://www.resource-capital.ch/de/unternehmen/consolidated-uranium-inc/ -) and Labrador Uranium (- https://www.resource-capital.ch/de/unternehmen/labrador-uranium-inc/ -).

In accordance with §34 of the German Securities Trading Act (WpHG), I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and that there is therefore a possible conflict of interest. No guarantee for the translation into German. Only the English version of this news is valid.

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