Purepoint Uranium : Athabasca Basin Exploration Update - February 2021

Purepoint Uranium : Athabasca Basin Exploration Update – February 2021

MONTHLY ATHABASCA BASIN EXPLORATION UPDATE

February 2021

Nuclear Power in Canada About 15% of Canada’s electricity comes from nuclear power, with 19 reactors mostly in Ontario providing 13.5 GWe of power capacity.

Canada had plans to expand its nuclear capacity over the next decade by building two more new reactors, but these have been deferred. For many years Canada has been a leader in nuclear research and technology, exporting reactor systems developed in Canada as well as a high proportion of the world supply of radioisotopes used in medical diagnosis and cancer therapy. UxC Consulting Spot Price(US$)Change of -$0.76/lb U3O8UxC Consulting Long-Term Price(US$)UnchangedThe Canadian Nuclear Association estimates that the Canadian nuclear industry employs approximately 30,000 people, and creates another 30,000 jobs indirectly through contracting. The industry generates revenues of approximately $6.6 billion and contributes $1.5 billion in federal and provincial taxes.In recent years there have been two notable […]

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