The uranium price has crossed the 50 US dollar hurdle

In view of the energy crisis, Germany will continue to rely on nuclear power for a while. Belgium, for example, is considering a lifetime extension for certain nuclear power plants. No one wants a blackout, not even a brownout (targeted reduction in the power grid, i.e., localized power outage). Other countries continue to expand their reactor capacities. This requires large quantities of uranium. After a steady rise in prices, a pound of uranium now costs a good $50. The U.S. is providing financial support for nuclear power plants, and the U.K. is reviewing an extension of two power plants. Japan wants to accelerate the restart of reactors. California has already decided on the life of its last nuclear plant. Two of the most negative jurisdictions on earth in terms of nuclear power were Germany and California. All this development affects the price of uranium, in a positive sense.

The electrification of the global economy and the move away from fossil fuels needs nuclear energy. Because it generates electricity without producing CO2 emissions. After all, the European Union has also classified nuclear energy as "green". Thus, the change of heart of various countries is leading to an increasing demand for uranium, in addition to those countries that already rely on nuclear power anyway. For a long time, the uranium mining industry was plagued by the Fukushima disaster, but now it is back in the interest of investors as well. These include Consolidated Uranium and Uranium Energy, for example.

Consolidated Uranium - https://www.youtube.com/watch?v=kbEklwODa9o - owns uranium projects in Australia, Canada, Argentina and the USA. In addition, there are former producing uranium and vanadium mines in Colorado and Utah.

Uranium Energy - https://www.youtube.com/watch?v=DGaCZgGWPSs - has environmentally friendly and low-cost ISR uranium projects, some of them operational. These are located in Canada and the USA. Uranium Energy has just acquired the Roughrider uranium project located in Saskatchewan. 

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

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/

• Über Swiss Resource Capital AG
• Weitere Meldungen
• Diesen Pressetext kommentieren
• Pressemitteilung veraltet?