Ground Breakers: Uranium ‘needs US$80/lb incentive’ to meet demand this decade, Bellevue raises $70m

Uranium developer Bannerman Energy says US$80/lb incentive needed to avoid uranium shortage this decade

Bellevue Gold taps investors of $70m but says 200,000ozpa remains on track

Miners down as US economic data weighs on gold and base metals

Uranium miners have treaded a fair bit of water in 2022, with prices ebbing and flowing across the year after a dramatic run in late 2021 powered by Sprott’s buying spree on the lightly traded spot market. According to Numerco, uranium is currently paying US$48/lb, below the long term incentive price of US$60/lb generally accepted as the entry point to bring new production online.Most uranium is traded on long-term contracts between miners and utilities, meaning the spot market is more a guide than a measurement of what the price of yellowcake is actually doing. Inflation has also moved the goalposts somewhat as well with famed resources investor Rick Rule calling for […]

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