Let's look at the whole picture...
Article that makes sense to me and confirms that Uranium has a future:
However, I view uranium as a core, L/T holding in view of the fact that there is steady demand, not many providers, and it makes a lot of sense as a baseload electric fuel. The global excess of processed uranium is being drawn down, and annual global demand for nuke fuel runs about double the amount of currently produced new supply, so that dynamic seems to point to sharply rising prices over time, as a lot of new reactors will come online soon.
We in the U.S. have fretted nonsensically over safety issues and waste disposal, while the French have provided over 75% of their electric power from nukes, and the Chinese, Indians, Russians, Japanese and Koreans all seem to think it’s definitely the way to go for the future. The IAEA, or International Atomic Energy Agency, lists 44 reactors currently under construction, as well as 436 in operation and producing power around the world. Perhaps as many as 100 more are in the planning phase. Korea, a fairly small country, is currently building five new, massive reactors with a capacity of 5 Gigawatts.
The total global capacity right now is about 370 Gw. That may grow very rapidly, as just a few years ago both China and India got less than 3% of their total electricity from nukes! Most people don’t realize the huge potential of this industry, not to mention the steady demand for processed uranium. According to CCJ’s website, Korea gets 37%, Japan 30% and the EU 32% of electricity from uranium reactors. The global growth for processed uranium demand over the next ten years is pegged at 33% to 40%, despite the current downturn. And by the way, the incidence of accidents is extremely low – only Chernobyl caused deaths, and the safety record of the industry is stellar around the world.
https://seekingalpha.com/article/123524-cameco-and-paladin-buy-on-strength-of-uranium