Uncertain energy supply situation should support uranium priceVon Swiss Resource Capital AG
Nuclear power plants have regained prestige. For example, Asia and many countries are relying on this environmentally friendly way of generating energy. Even in our not particularly nuclear-friendly country, there are discussions about extending the operating lives of the last three nuclear power plants still in operation. Currently, the three reactors supply around six percent of Germany's total electricity. In the case of natural gas, the figure is around 13 percent. Consequently, if the operating times were extended, about half of the gas used for electricity production could be used for heating buildings or in industry.
Europe is not only dependent on Russia for natural gas and oil imports. A good 20 percent of uranium imports to the European Union in 2020 also came from Russia, and almost as much came from Kazakhstan, a state that is friendly with Russia. There are also nuclear power plants in Europe that require special Russian fuel elements. Overall, Russia ranks third among uranium suppliers to the European Union. Everything talks about Russian gas, but uranium deliveries from Russia are also to be considered critical in this context.
France is particularly fond of energy production with uranium. Approximately 70 percent of the electricity required there is generated by reactors. New nuclear power plants are also planned in France. In terms of CO2 emissions, nuclear power plants are clearly superior to photovoltaic systems. The world also needs nuclear power plants and uranium for a functioning energy supply. Uranium companies should therefore have sufficient customers for their uranium in the coming years, with a growing number of reactors.
Consolidated Uranium is well positioned with projects in the USA, Argentina, Australia and Canada.
In the best uranium territory, IsoEnergy - https://www.youtube.com/watch?v=SWBW0UIhk3Y - is located with projects in the Athabasca Basin in Saskatchewan, Canada. The Hurricane deposit in particular is a high-grade uranium property.
Current corporate information and press releases from Consolidated Uranium (- https://www.resource-capital.ch/en/companies/consolidated-uranium-inc/ -) and IsoEnergy (- https://www.resource-capital.ch/en/companies/iso-energy-ltd/ -).
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