MEGA.c / $WALRF has found potential Uranium deposits MEGA.c / $WALRF has found potential Uranium deposits in Artic Fox and Isbjorn Projects in Northern Territory, Australia.
In a recent research note, global investment bank, Morgan Stanley, predicted the uranium price to reach US$48/lb by 2024, citing several factors:
- Steady increase in global nuclear capacity achieving a 1.7% CAGR 21-25 (factoring in China adding 22GW to 70GW by 2025) then 2.5% CAGR 26-30;
- An expert panel recommending the EU designate nuclear power a green investment which would boost interest materially; and
- Structural uranium market deficit due to several mines closing over the last 12 months
Here are two great articles about the future of uranium prices !
https://www.bloomberg.com/news/articles/2021-09-08/uranium-surges-to-six-year-high-as-fund-buys-up-physical-supply
https://www.fnarena.com/index.php/2021/04/07/uranium-week-uranium-price-rise-forecast/
At $0.22 a share, and market cap of $14M and with the forecast for uranium looking bright ive got MEGA.c / $WALRF in the bag