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I've been an #uranium bull for a little while now. The U.S. uranium bull run will likely be taking its first steps in 2021 as the transition of energy production takes place.
This will be a DD thread:
This will be a DD thread:
$UEC claims that "Demand will be much higher than production", with an estimated 39M lbs below the expected demand, with it only increasing over the next 5yrs.
And anyone with a basic understanding of supply and demand knows where this leads.
And anyone with a basic understanding of supply and demand knows where this leads.
Just recently the U.S. Department of Energy released a document titled "Restoring America's Competitive Nuclear Energy Advantage". Capitol Hill is finally agreeing on one thing and that is nuclear energy.
$UUUU has support from the "DOE", as well as other proven uranium miners. This comes from the $75M granted to create strategic U.S. uranium reserves. And right now Energy Fuels is the leading producer of uranium in the U.S.
The main reason that I am singling these two out is that they are headquartered in the US while, other major companies like $CCJ $DNN and $NXE are based out of Canada.
Some other interesting advancements in $UEC and $UUUU.
UEC's Burke Hollow Mine is moving swiftly toward Uranium extraction with multiple other mining projects in the pipeline all capable of 4M lbs a year in TX & WY. Currently, I do not believe there is any active production.
UEC's Burke Hollow Mine is moving swiftly toward Uranium extraction with multiple other mining projects in the pipeline all capable of 4M lbs a year in TX & WY. Currently, I do not believe there is any active production.
UUUU is focusing heavily on Rare Earth Elements Byproduct production and even looking to rebuild the REE supply chain. The REE helps to fuel production for EV's, phones, batteries, magnets, medical devices, etc. Right now 80% of REE's come from china.
Right now if you look around the world, the nuclear trend will only be growing. China wants to triple its nuclear power by 2030, India planning 21 new plants, Russia building 30+ reactors, UK upgrading current reactors. This will lead to even more countries adopting it.
I also highly suggest you read this post on R/wallstreetbets that covers some different areas than I do. https://www.reddit.com/r/wallstreetbets/comments/ljiul3/inminent_bull_run_for_the_uranium_market/
