Energy Fuels: Uranium Prices Hit 10-Year High

Energy Fuels: Uranium Prices Hit 10-Year High

RHJ/iStock via Getty Images Investment Thesis

Energy Fuels (NYSE: UUUU ) engages in the extraction, exploration, and sale of uranium in the US. As Western countries start to view uranium as a clean, carbon-free, and affordable baseload for electricity, this has led to the price of uranium in the spot market to increase.

There are many different dynamics at play that are culminating in uranium prices in the spot market moving to a 10-year high.

After a multi-year uranium bear market, uranium prices are likely to soon cross above the prices set at the time of the Fukushima disaster of 2011.There’s a lot to be compelled towards this space. Why Energy Fuels? Why Now? Energy Fuels is a uranium extraction and recovery company. Furthermore, in 2021, Energy Fuels ramped up its commercial production of rare earth element (“REE”) carbonate.Thus, while the main driver of the opportunity here is uranium, Energy Fuels […]

About the author: StockMan
Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.
Posting Guidelines
Do
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!

Comments

No comments yet