CSE:UUSA - Post Discussion
Post by
MarketMakerss on Oct 05, 2023 5:21pm
SPUT doubles uranium supply to ~62M pounds
As prices soar by over 30% to a 12-year high, the uranium market is in a nuclear upswing amid dwindling supply and increasing global demand for cleaner energy sources.
With this, Sprott Physical Uranium Trust, the world's largest and only publicly-listed physical uranium fund, has been buying supply at a record pace, doubling its uranium supply to nearly 62 million pounds.
"According to Sprott CEO John Ciampaglia, the current dynamics of the uranium market seem to be more influenced by supply factors than demand. He sees the current uranium bull market rolling on for several more years, especially considering that historical uranium cycles last six to eight years due to the significant capital requirements."
Amid this landscape, Kraken Energy (UUSA.c UUSAF) has emerged as a high potential opportunity with four high-grade uranium projects in the tier 1 mining jurisdictions of Nevada and Utah as discussed by UUSA CEO Matthew Schwab during Kinvestor's latest Conference: https://www.youtube.com/watch?v=KskEUan_Mrc&ab_channel=Kinvestor Posted on behalf of Kraken Energy Corp
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