As self-education is the only kind of education, I thought I would have a little google about U...
• Uranium hovering around $48 per pound, remaining close to the 9-year high of $50.8 hit in September.
• Investors anticipate uranium demand to rise as energy firms are set to phase down coal usage following the COP26 deal in Glasgow.
• China reported plans to build up to 150 new nuclear reactors over the next 15 years, while Japan plans to put 30 reactors back to activity to meet emission goals.
• TSX-listed Sprott Physical Uranium Fund has gained 44% since its inception in July, while NYSE MKT-listed Uranium Energy has acquired USD 112 million in uranium assets from Uranium One, the world’s fourth-largest uranium producer.
• World Nuclear Association projects uranium demand to reach 206 million pounds in 2030 and supply to drop 50% by 2030 due to lack of investment in new mines.
It may be a one big last opportunity to fill up the truck if funds still there.
Uranium
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