CSE:GXP - Post Discussion
Post by
goldennorth on Nov 15, 2024 1:48pm
Lots Of Future Potential
This stock has some real excellent potential for success. It will be a solid benchmarks for Uranium and critical metals market.
"Uranium futures rose to over $78 per pound, rebounding from the one-year low of $76.5 touched on November 8th as markets reconsidered the availability of nuclear fuel for US utilities in the near future. The Sprott Physical Uranium Trust, the world’s largest investors in physical uranium investment fund, noted that efforts to increase production out of Canada, Kazakhstan, and Namibia, will not be enough to meet the 50 million pounds needed to power US nuclear power plants."
"Uranium supply, on the other hand, has been lagging behind demand for years and is slow to expand significantly, as there are hardly any established mines, and the commissioning of new mines can take many years. Many mines were closed at times of low uranium prices and cannot be restarted within days. New mines even need a lead time of over 10 years in some cases for approval and construction." https://tradingeconomics.com/commodity/uranium https://www.cruxinvestor.com/posts/bullish-uranium-price-heats-up-producers-race-to-secure-new-supply-and-m-a-developments
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