Contract to supply the U.S. Uranium Reserve puts Energy Fuels in the pilot’s seat for 2023

Tracy Weslosky January 3, 2023 No Comments The uranium market had a reasonable 2022 with uranium prices up by 12% . The question on everyone’s mind is what will uranium prices do in 2023?

Given that the world needs to move away from fossil fuels and that nuclear offers reliable baseload power, smart nuclear looks to be a solid bet for the world’s energy future, especially with nuclear energy fueled by uranium now providing the U.S. with 50% of its zero carbon power.

Uranium prices trending higher in recent years Uranium demand vs supply

In the last few years experts have been predicting that we will soon see uranium deficits accompanied by the higher prices needed to encourage new production. The late 2021 uranium price spike and continued rise in prices in 2022 suggests that uranium’s time has finally arrived. Daily InvestorIntel updates Energy Fuels CEO and President, Mark Chalmers, […]

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