Uranium Prices Explode As Wyoming Uranium Miners Rush To Cash In

Uranium mining 1 19 24 Digging for uranium in Wyoming is approaching a feverish gold-rush pitch.

In just one week, prices on the uranium spot market have jumped 15% to $106 a pound, one of the fastest paces of growth in decades for the commodity.

They’ve nearly doubled from a year ago and are up 165% from the mid-$40 range when they first began showing some pop in late 2021.

In response to the price jolt in recent months, Wyoming’s uranium players have opened up mining and production.Texas-based Uranium Energy Corp. and Ur-Energy Inc., both with operations in Casper, have confirmed plans to ramp up production and open mines.Australian-based Peninsula Energy’s chief also sees significant expansion potential at its Lance project located northeast of Gillette.In November 2023 at a precious metals summit in Zurich , Peninsula Energy’s Managing Director and CEO Wayne Heili said that his company is planning to build a […]

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