Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-7

For anyone unfamiliar with uranium, below is an old interview with Rick Rule that breaks down both the gold & uranium markets. There are plenty of newer interviews online, but I remembered watching this interview years ago.

The uranium discussion starts around the 34-minute mark.

Rick Rule: the coming bull market for gold and uranium - YouTube

Below is a price chart of uranium & it's nowhere near its all-time highs.



Uranium - Price - Chart - Historical Data - News (tradingeconomics.com)

Below is the gold chart.



Basically, uranium is the only method of producing cheap, baseline energy for the grid, without generating any CO2. It's a way of supplementing renewable energy without the need to burn coal, oil or gas to generate electricity.

Unless of course, they can perfect "fusion" technology, which is probably 50+ years away at commercial scale.

ITER - the world's largest puzzle (2020 version) (youtube.com)

iterorganization - YouTube