This Australian company is looking to ride the tailwinds of a uranium supply gap

The push towards a net zero world has revitalised discussions about nuclear energy. Most of the world quickly lost interest in nuclear energy after the Fukushima disaster in 2011, which led the closure of uranium mines and a lack of investment in new ones. The economics just didn’t stack up at depressed uranium prices due to the lack of demand. However, investors didn’t predict the revitalisation of interest in this form of energy, which has led to a large and expanding supply gap.

Many countries have now realised that nuclear energy is needed to aid the ambitious clean energy targets, with many policy shifts by major countries. This caused a wave of sentiment, pushing spot prices up from US$50/lb in March 2023 to over $100 in January 2024. 1 Whilst spot prices have dipped slightly to below $95, many would think that they have missed this uranium bull run. But […]

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