The increased adoption of electric vehicles and cordless tools is putting new demand on the electric grids of nations around the world, expanding the need for 24/7 reliable high-capacity charging systems powered by clean nuclear energy.
Capital investment into new uranium mines has been at a virtual standstill for the past many years, providing little new production ready to come online to meet the now rising demand. Fourteen mines have shut down since 2011 and a fifteenth, ERA’s Ranger Mine, is now into its final closure.
The stage is set for a major rally in the price of uranium and, I believe, investors will be very well rewarded by positioning themselves now for the bull market emerging and likely to persist over the next few years or more.
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New Demand on Electric Grids
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$24.70 |
Change
0.250(1.02%) |
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| $24.70 | $0.00 | $0.00 |