MARKET

URANIUM: RISING SUPPORT

The need for clean and reliable electricity has compelled governments, corporations and financial institutions to coalesce around nuclear energy as the solution.

(Hover to pause)

(Swipe left/right to view)

Nuclear power releases less radiation into the environment than any other major energy source and has the lowest mortality per terawatt of any major source

URANIUM: WHY NOW?

Electricity Demand Estimated to Almost TRIPLE by 2050

Click image to enlarge
  • One pound of uranium can produce the same amount of power as 20,000 pounds of coal.

  • Nuclear power currently provides 10% of the world’s electricity, and 20% of America’s.

  • Nuclear power emits nearly no carbon. Enriched uranium fuel is very inexpensive relative to hydrocarbons

URANIUM: RISING DEMAND

There are 440 operational power reactors operating in 32 countries, with a combined electrical capacity of 390 GWe. Additionally, there are 61 reactors under construction and 431 reactors planned or proposed. 30 countries are considering, planning or starting nuclear power programs.

Source: World Nuclear

U.S. Energy Information Administration estimates cumulative supply gap of 402 million lbs through 2033.

The USA is the largest consumer of uranium with nuclear generating 20% of its electricity through 93 operating reactors. Russia had supplied approximately 35% of US imports for nuclear fuel before the import ban. Canada, now the US’s largest supplier at 27%, is in the ideal situation to ramp up production to meet US domestic demand.

Click image to enlarge

Source: Sprott

URANIUM: LOWERING COST

Small Modular Reactors (SMR) offer flexible and affordable power generation 1

Multiple companies have Small Modular Reactors currently under construction. SMR’s are designed to drastically reduce the cost of nuclear power and could massively expand the industry. 2

(Click buttons below to view)

TERRAPOWER

WESTINGHOUSE

BWXT

ROLLS-ROYCE

Sources: 1.iaea.org 2.c3newsmag.com

URANIUM: RISING PRICES

Uranium Price Could Hit $135 In 2026, Say Bank Of America Analysts 1

  • From 2011 to 2020 uranium was priced at one of the lowest inflation- adjusted levels ever experienced 2
  • The growing overall need for power, combined with the necessity of decarbonization, has led to a rapid increase in the support for nuclear energy and the price of uranium 3
  • Uncertainty remains on the supply side due to the conflict in Niger and Russia 4,5
  • Rapid expansion in the consumption of uranium in the immediate-term are anticipated to drive prices well-beyond current levels 6
  • Longer term market dynamics support the construction of new mines
Click image to enlarge

Source: Statista