Nuclear Energy Making a Comeback With energy security becoming a large concern over the past couple of years, new investment into nuclear energy has become a far more common practice around the globe. It’s clean, efficient, and has long-term feasibility with cost. With the recent developments, we’re seeing a 3/4% annual increase in the demand for uranium (which has never really grown this fast) which is starting to turn into a supply shortage.
https://www.kitco.com/news/2023-03-20/Decarbonization-efforts-are-turning-to-nuclear-energy-which-will-propel-uranium-prices-higher-Scott-Melbye.html
With the expected supply shortage, it’s the perfect opportunity for exploration-stage companies to enter the industry to help satisfy the demand by discovering new deposits. $URM.C in particular, is one that is interesting to watch at the current valuation.
- Silver Lake has several formations under the property, providing a lot of potential targets and consists of 8 contiguous mineral claims just 30km outside of Houston, BC.
- Red Basin has seen previous resource estimates of 1.6M and 6.5M lbs U3O8. With past production in the area yielding 0.17% in the 1950s and over 1,000 drill holes being dug in the 1970s, once the drilling logs are acquired, they’ll be better equipped to target exploration.
Overall, with the market seeing significant growth compared to the past decade, the current $5.7M market cap doesn’t fully reflect the potential here, considering both of their projects.