Uranium price on the way up

There are experts who believe that a uranium price of US$100 per pound is possible in the near future. Rising demand and falling supply at the same time speak in favor of this. Macquarie Bank, for example, is particularly bullish on uranium prices. The reason lies in increased contract activity, the new focus on energy security and the forecast supply deficit. The investment bank now expects prices to reach $55 in 2024 and $60 in 2025. Uranium companies that are at home in high-grade uranium jurisdictions and can produce at short notice have the best chances.

These include Uranium Energy with its environmentally friendly and low-cost ISR uranium projects in the USA and Canada. Key permits are already in place. In Canada, Labrador Uranium - https://www.youtube.com/watch?v=YjqrYpvif3w - is exploring and developing uranium projects, over a land area of 139,000 hectares.

The reactivation of 17 existing reactors in Japan, on the one hand, and France's statement that its nuclear power will be fully utilized by winter, on the other, speak for an increasing demand for uranium. In order to create incentives for additional new uranium supply, a price increase in uranium as a raw material is necessary. According to Macquarie, uranium demand will definitely exceed supply. This is because, in addition to reactor restarts, the global drive toward decarbonization is having an impact, as are physical purchases by funds. The world's largest physical uranium fund holds nearly 58 million pounds of uranium, or about one-third of the previous year's uranium production.

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

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.

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