V-Con: Uranium – Demand backed by Biden’s strategic reserve and growing support for nuclear energy
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V-Con is Stockhead’s investing focused video conference series, bringing you expert insights, panel discussions and presentations from leading analysts, listed small caps and industry players. This latest video conference focuses on uranium.
Now is a great time to be a uranium explorer or miner, with a thinning spot market and improved demand outlook that has seen prices hit about US$32/lb.
Plus, Sprott has moved to take control of Uranium Participation Corp (OTCPK:URPTF) and seek a US listing of its units – a move which is expected to increase buying pressure in the uranium spot market.
There’s an opportunity here for ASX listed juniors to capitalise on the strengthening uranium market, backed by growing interest from investors who acknowledge that nuclear power has a large role to play in the world’s carbon neutral future.
Far East Capital analyst Warwick Grigor told Stockhead last month that nuclear power remained the most environmentally friendly source of base-load electricity available to man.
This outlook is reflected in the Biden Administration’s embrace of nuclear energy as part of its goal to achieve a net-zero carbon economy by 2050 by establishing a national strategic uranium reserve.
Speaking with a handful of listed juniors making waves in the sector, along with industry experts, we find out what’s in store for uranium.
Sky News and CNBC business journalist Oriel Morrison interviews Rick Rule, well-known mining investor and president & CEO of Sprott U.S. Holdings.
Rule is a leading resource investor specialising in mining, energy, water utilities, forest products and agriculture, and has originated and participated in hundreds of debt and equity transactions with private, pre-public and public companies. A frequent speaker at industry conferences, Rule is frequently quoted by prominent natural resource oriented newsletters and advisories.
Lotus Resources Ltd (ASX:LOT)
Keith Bowes, Managing Director
Lotus Resources is an Australian-based minerals explorer focused on its key asset, the 65% owned Kayelekera Uranium Project located in northern Malawi, Africa.
Valor Resources Ltd (ASX:VAL)
George Bauk, Executive Chairman
Valor Resources is engaged in metals exploration and project development, primarily of its Berenguela copper-silver deposit in the Puno Department of southern Peru and its Athabasca Basin Uranium exploration in Saskatchewan, Canada.
GTI Resources Ltd (ASX:GTR)
Bruce Lane, Executive Director
GTI Resources is the owner of a number of highly prospective uranium and vanadium properties located in the Henry Mountains, Utah, USA.
Alligator Energy Ltd (ASX:AGE)
Greg Hall, CEO and Managing Director
Alligator Energy is focused on the discovery of world class high grade, uranium deposits in the Alligator Rivers Uranium Province (ARUP) in the Northern Territory