Uranium spot prices up 18% YTD
The heart of the uranium bull thesis lies in the widespread adoption of nuclear energy given its viability as a critical source of carbon-free base load energy. With the recent resurgence in positive sentiment surrounding nuclear power, the uranium industry is primed for long-term growth.
Having recently secured funds to conduct further exploration at its Red Basin Project later this year, First American Uranium (URM.c FAUMF) is one company that is firmly positioned for significant value appreciation as the project develops given the latest estimated resource was between 1.5 and 6.5 million pounds U3O8