Bullboard - Stock Discussion Forum Nexus Uranium Corp GIDMF

Primary Symbol: C.NEXU

Nexus Uranium Corp. is a multi-commodity development company. The Company is focused on advancing the Cree East uranium project in the Athabasca Basin in addition to its precious metals portfolio that includes the Napoleon gold project in British Columbia and a package of gold claims in the Yukon. The Cree East project is located within the Athabasca Basin of Saskatchewan, spanning 57,752... see more

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Nexus Uranium Corp > Why Uranium?

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Post by HydrogenNow on Nov 14, 2024 5:24am

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.