The cyclical surge of uranium

Denison Mines is proceeding with a new feasibility study for its Wheeler River uranium project in the Athabasca Basin. Courtesy of Denison Mines Nuclear power will play a major role in helping to increase electrification while also phasing out carbon-intensive sources of energy. Governments have been reluctant to support nuclear power because of its rising costs since the Fukushima disaster in 2011, and its potential environmental impacts. But with the world realizing the imminence of the climate emergency, many are seeing uranium’s potential of providing reliable low-carbon electricity, which has been a big boost for developers and miners.

Consistently low prices and a lack of investment in new production have shrunk supplies of uranium across the globe. The pandemic amplified this issue through unplanned supply disruptions and increased demand for uranium from financial funds and junior uranium companies – in particular, the transition of the Uranium Participation Corporation to a […]

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