Why Uranium?A few important considerations:
Rising Demand: Global demand for nuclear energy is surging, with states like Tennessee, Virginia, and Michigan pushing for more nuclear initiatives.
- Uranium Prices: Prices have soared to $85.95 per pound, a 68% increase from last year. This is driven by demand, supply constraints, and geopolitical tensions.
-Supply Chain: With Russia producing 35% of the world’s enriched uranium, our supply chain is vulnerable. The World Nuclear Association projects demand could double by 2040.