In this InvestorIntel interview during PDAC 2023, Tracy Weslosky talks to George Glasier, CEO, President, and Director of Western Uranium & Vanadium Corp. ’s (CSE: WUC | OTCQX: WSTRF) about pressure on the uranium supply chain and expectations for a strong uranium market. As an industry expert, he points out that demand for uranium is going up but production is not, and many expect 2023 to be a breakout year with the potential for skyrocketing prices.
George points out that 50% of the US uranium supply comes from Russia, and with the war in Ukraine there is already a reluctance to buy from Russia and a desire to secure new sources to fuel American and European power plants. He goes on to say that the current western supply cannot meet western demands for uranium at present or in the near future.
George also provides an update on Western Uranium & Vanadium’s […]
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