Uranium is expected to see a significant supply shortfall over the next few years as spot prices remain at a level nearly double of 2018. There are a few reasons behind this, a change in public opinion as people start to see nuclear energy as a clean source of efficient electricity and due to rapidly increasing electricity demand, nearly 57 new reactors are expected to go online soon while old reactors are cancelling their plans to retire, rather modernizing their ability to generate electricity. And with this growth, we’ve seen uranium producers post their best quarters in over a decade as life returns to the market and the money begins to flow once again.
https://www.nasdaq.com/articles/cameco:-is-the-new-uranium-bull-market-here-to-stay?fbclid=IwAR250L249b9cmefa3i9BwEY8NpDV2QCsrcfjpkX4z0zcK4tDo3kHDJ1ghdM
$UUSA.C is especially poised to take advantage of the recovering market with their promising projects in Nevada.
- Garfield Hills: Historical grades of up to 0.26% U3O8 over 14m with a projected mineral length of 396.2m. Spanning 3,060 hectares with good access to infrastructure, there’s a lot to explore on the property.
- Apex Mine: It was Nevada’s largest past-producing uranium mine accounting for nearly 50% of all historical production with average grades of 0.25% U3O8 spanning 326 hectares with an additionally acquired 3,580 hectares allowing them to explore multiple historic uranium showings.
With extremely high grades at Apex and other minerals such as gold and copper present, there’s a lot of potential with the property, especially with the management team having a history of success. Lots to look out for, considering the overall uranium market and $16M valuation.