Purepoint Uranium : Athabasca Basin Exploration Update – July 2022

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 […]

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