Time to wake up perhaps ? Even before this ban was considered, uranium had already been hurtling toward an inflection point. With the surge in demand for low-emission, reliable nuclear power, paired with a prolonged drought in the development of new mines, uranium catapulted into the investor spotlight over the past year. Prices have risen from US$30 a pound in 2021 to almost US$100 today. But investors would be mistaken to read the 75-per-cent price increase over the past year alone as a simple boom. It’s becoming increasingly evident that uranium, much like oil in the 1970s and copper in the early 2000s, is setting a new floor price that will redefine its market. The days of cheap uranium are over.
Even these penny plays are going to get jerked higher and this has a past producing holding ! Way to cheap IMO !!!