MONTHLY ATHABASCA BASIN EXPLORATION UPDATE
JULY 2022
Uranium Market "Very Bullish," Which Stocks Have
Potential?The uranium sector has been building steam in recent years, leaving investors eager for returns.At the Prospectors & Developers Association of Canada (PDAC) convention, Gwen Preston of Resource Maven described the market as "very bullish," saying that diverse factors have contributed to uranium’s turnaround.Those include deliberate output cuts from producers, supply disruptions related to the COVID-19 pandemic and more recently the entrance of the Sprott Physical Uranium Trust (TSX:U.UN).There’s also of course the war between Russia and Ukraine, which has set even more alarm bells ringing over supply given Russia’s role in conversion and enrichment."(The market) was already undersupplied. Now the critical step for turning the commodity into fuel has had a huge weight put on it, and supply that’s connected to a major producer is tainted, if you want to call it that," Preston explained during the […]
Click here to view original web page at www.marketscreener.com
Posting Guidelines
- 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 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