It sure is.... the timing of a decent discovery would be perfectUranium stocks are soaring.
https://www.marketindex.com.au/news/uranium-stocks-are-soaring-here-are-the-two-catalysts-driving-them-higherTue 24 Sep 24, 12:56pm (AEST)Key Points
- Global financial institutions including Goldman Sachs, Citi and Bank of America pledged support for tripling global nuclear energy capacity by 2050, potentially easing financing challenges for the sector
- Microsoft's 20-year deal with Constellation Energy to restart a nuclear reactor demonstrates nuclear power's value in meeting AI-driven energy demands
- ASX-listed uranium stocks surged on the news, likely compounded by short covering
The uranium sector is running hot again after fourteen of the world's largest banks and financial institutions pledged to increase their support for nuclear energy on Monday.
This adds further momentum for the uranium sector, after Baltimore-based Constellation signed its largest-ever power purchase agreement with Microsoft. The deal seeks to resurrect a unit of the Three Mile Island nuclear power plant in Pennsylvania, which shut down five years ago.
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https://investingnews.com/daily/resource-investing/energy-investing/uranium-investing/largest-uranium-companies/Uranium Stocks
Sep. 23, 2024
Mining major BHP owns and operates Australia’s Olympic Dam mine, considered one of the world's largest uranium deposits. While the site is included in the company’s Copper South Australia operations portfolio and copper is the primary resource extracted, the mine also produces significant quantities of uranium, gold and silver.
According to BHP’s results for the nine months ended on March 31, uranium production at Olympic Dam totaled 863 metric tons year-to-date and 2,674 metric tons for the full nine month period.
Internally, the Australian mining giant began exploring the potential of nuclear propulsion for shipping in February. The decision falls in line with the company’s ambitious decarbonization goals. BHP hired Dutch nuclear consultancy firm ULC-Energy, to study various nuclear technologies for merchant vessels.
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