Uranium Stocks Soar After Sprott Snags 1/3 Of Yearly Global Production In Weeks, Uranium Shortage?
Visit https://www.uraniumenergy.com/
Uranium Soars After Sprott Massively Upsizes Buying Program By $1BN To $1.3BN
It’s a supply-versus-demand imbalance that has completely gotten out of hand.
Calling it a supply crunch or deficit doesn’t fully describe what’s happening in the U.S. nuclear industry today, in my opinion.
Non-existent really isn’t an exaggeration, as the nation continues to struggle just to get a sliver of the global uranium industry pie.
To put it bluntly, it’s a misconception that America’s nuclear plants use domestically-produced uranium.
The owners and operators of U.S. nuclear power reactors purchased the equivalent of about 48.9 million pounds of uranium in 2020, but unfortunately, they remain highly reliant on foreign sources for that uranium.
Today, the United States imports more than 90% of the uranium that it uses, and as you can imagine, the last thing the U.S. government wants is for the country to compromise its energy security by depending on foreign-sourced uranium.
Moreover, this is taking place at the worst possible timing since the nation’s electricity demand, according to the U.S. Department of Energy, will increase by 24% by the year 2035.
The answer is to have uranium producers on U.S. soil. The lack of local production is negatively impacting the nation politically, economically, and even in America’s safety and security.
The primary way that I'm positioning is with Uranium Energy Corp (NYSE: UEC), one of the only uranium companies on the New York Stock Exchange, but more importantly, a company that encompasses many of the angles of commodities value chain in one company!
-
9:08
SRU
1 year ago $0.34 earnedSilver at the End of Petro Dollar
1.18K6 -
LIVE
GamingWithHemp
5 hours agoSkyrim episode #1
2,071 watching -
LIVE
Right Side Broadcasting Network
1 day agoLIVE REPLAY: President Trump Holds a Rally in Prescott Valley, AZ - 10/13/24
6,274 watching -
2:34:05
vivafrei
14 hours agoEp. 232: Trump Appeal! Kamala Harris PLUMMETS! Gretchen Whitmer Scandal! Amos Miller Argument & MORE
146K134 -
LIVE
Vigilant News Network
11 hours agoEpstein Victim Drops Election Surprise - Media Blackout
3,036 watching -
6:25:15
Barstool Gambling
13 hours agoBig Cat and Co to Sweat Out the Week 6 Sunday Slate | Barstool Gambling Cave
76.9K5 -
3:44:17
SilverFox
14 hours ago🔴LIVE - FPBC #6 - LOTR Fellowship of the Ring - Part 1
66.1K9 -
5:48:49
NeoX5
11 hours agoShocktober 2024: Blair Witch [PC] | Rumble Gaming
82.5K -
9:01:29
Chi-Town Gamers Livestreams
12 hours ago $1.20 earnedGears of War: Judgment Ep. 3 | Then Dragonball Sparking Zero
72.2K6 -
6:14:41
SwitzerlandPlayIT
16 hours agoCastlevania - Lords of Shadow - Gabriel Belmont Knows How To Use His Whip...
94.1K4