Pushing Up Big Today Uranium has been a hot topic over recent years, especially with the natural gas crisis/energy security concerns that occurred in Europe and the ever-rising demand for clean electricity as EVs begin to take over. Nuclear energy is the most efficient, clean form of energy, as many people don’t know that it’s actually a clean form of energy. The large smokestacks emit water vapour rather than smoke, making it far cleaner relative to coal and gas plants. And if we’re going to transition to clean energy, nuclear is one of the least land-consuming and most efficient methods we have.
https://www.northernminer.com/commentary/uranium-market-gathers-momentum-towards-a-supply-shortfall/1003852297/
With continued concerns over supply shortfalls, $URM.C has been monitoring for opportunities and have updated its business strategy.
- They have an interest in 2 projects, Silver Lake, located in BC and Red Basin, located in New Mexico.
- Red Basin is just 200 miles north of the only operating uranium mill in the US and has already indicated the presence of uranium and vanadium deposits.
- The management team is also looking to accelerate exploration to take advantage of the current market trends.
Overall, with the stock up 13.5% on more than double the average volume already, it seems like something big is in the works especially considering the stock is up over 65% in the past month alone. Definitely, a lot to look out for considering the current valuation of just $5.7M as well.