Which Uranium Stocks Are Worth the Investment?

The demand for cleaner fuel alternatives is on the rise. As one of the world’s most abundant metals, uranium is a popular choice. A single pellet of uranium produces the same amount of electricity as: One ton of coal

Three barrels of oil

17,000 cubic feet of natural gas

Uses for Uranium Once uranium is depleted for energy use, it’s reusable for other applications since it’s less radioactive. Ships use it for counterweights, and it also has applications in ammunition and armor. Transition to Nuclear Power In 2020, the U.S. government began to invest heavily in uranium mining, contributing to an uptick in the stock market . Uranium fuels nuclear power, which represents approximately 20% of America’s energy and 10% of the world’s electricity. And its use is growing. About 50 new reactors are under construction in countries that include China, India, Russia and the United Arab Emirates, with […]

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