Uranium Execs Talk High Prices, Tout Projects As Long Downturn Comes To An End: 'The US Government Will Be Buying'
Portfolio Pulse from Matt Whittaker
North American uranium miners are experiencing a resurgence due to a push from U.S. politicians to reduce dependency on Russian uranium and the nuclear industry's revival for decarbonizing electricity. Uranium prices remain high despite a recent pullback, nearly tripling over the past three years. Companies like Energy Fuels Inc., Denison Mines Corp., Uranium Energy Corp., Ur-Energy Inc., IsoEnergy Ltd., and Global Atomic Corp. are increasing production capacity. Global Atomic is advancing its Dasa project in Niger, expected to be a profitable venture for over 40 years. Energy Fuels is diversifying into vanadium and rare earths, while Uranium Energy plans to restart Wyoming production by August. enCore Energy Corp. has announced its first shipment from the Rosita plant in South Texas and is working on restarting its Alta Mesa plant.

April 10, 2024 | 4:24 pm
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enCore Energy Corp. has begun shipments from its Rosita plant in South Texas and is planning to restart its Alta Mesa plant, indicating growth in uranium production.
The commencement of shipments and plans to restart another plant suggest an optimistic outlook for enCore Energy Corp.'s stock in the near term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Uranium Energy Corp. is advancing projects in Canada, Wyoming, and Texas, with plans to restart Wyoming production by August, benefiting from U.S. utility demand.
The company's focus on restarting production and capitalizing on U.S. utility demand for uranium positions it well for positive stock performance in the short term.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Energy Fuels Inc. is diversifying into vanadium and rare earths while restarting mines, indicating a strategic expansion beyond uranium.
The company's diversification into critical minerals and the restart of uranium mines in response to higher prices suggest a positive outlook for its stock in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90