You won’t find this bloke in our bargain barrel, but you will find Uranium stocks. Picture: Getty Images You don’t have to go big to enter the bullish uranium scene. Reach into Stockhead’s bargain barrel for promising stocks with sub-$40m market caps.
Nuclear industry forecasters are more bullish than they’ve been in years, with spot uranium prices hitting a decade high of $US67/lb this week.
On the demand side, there’s a forecasted supply shortfall of about 1.5 billion pounds by 2040.
The World Nuclear Association (WNA) and price reporter Ux Consulting say in bullish reports that new operations will be desperately needed, with uranium demand from nuclear power plants to almost double by 2040.Countries which had been less than enthusiastic on nuclear are looking to approve new developments amid the energy transition because they provide baseload electricity with lower emissions than fossil fuel plants. For the latest mining news, sign up here […]
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