Ground Breakers: Paladin looking for long-term contracts as uranium catches a vibe

Pic: It’s a Vibe, 2Chainz (2017). share

Uranium stocks are a vibe right now.

That has been driven by Sprott, the investment group which has sent the spot market on a run this year by taking around 36Mlbs of yellowcake off the open market.

While that has seen prices on the tight spot market increase 44% this year, the prospect that mothballed operations will restart still seems to be a bit further down the track.The biggest of the idled uranium miners on the ASX, Paladin Energy (ASX:PDN) today announced a new restart plan for its Langer Heinrich mine in Namibia.Is there any indication of when that might be? Nah, not yet, but it did say discussions with utilities are getting more frequent.“Paladin continues to engage with global nuclear energy utilities with the intent of securing uranium offtake contracts with sufficient duration and value to underpin the restart of the […]

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