Bohlsen reported in early 2021 that uranium company stocks have been rising since November 2020 and are now very clearly in a strong bull run. We asked some of our InvestorIntel team members and experts about what’s their view as to why uranium company stocks are booming. If we look, he says, at the two leading US listed uranium mining companies, their stock prices are both up around 150% over the past 3 months. Some of the other uranium mining companies such as Western Uranium & Vanadium Corp., and Fission Uranium Corp. have seen impressive gains around 70% over the past 3 months. What is going on, asks InvestorIntel CEO Tracy Weslosky. This is extraordinarily. Something is up! The impeachment vote? War mongers? The Biden factor? What?
Leading US uranium mining company, Energy Fuels Inc. are up about 150% the past 3 months. Looking at the charts we can see uranium prices have picked up a little but not enough to explain the uranium miners stock prices surging. So why?
The uranium spot price 1 year history – Uranium prices started a new uptrend back in mid Nov. 2020. Here are a few experts views sought this week by InvestorIntel:
Jack Lifton, host of The Technology Metals Show – “The USA imports 95% of the uranium it needs to operate its 25% of the worlds civilian nuclear reactors that provide almost 30% of American baseload (available at any time) electricity needs and accounts for more than half of all carbon free power generation in the USA. It’s imperative therefore that America produce uranium domestically for its security of supply of carbon free electric power. The US Congress has recognized this need and recently funded a program to buy domestic uranium.”
Peter Clausi – InvestorIntel Host, CBLT Inc. – “No matter where you are on the political spectrum, utilities and a nuclear fleet need uranium.”
Industry insider Fission Uranium President & COO Ross McElroy stated back in August 2020 – “I think we are in the start of a bull market right now. That’s happened because there’s been so many production shutdowns globally. All the major mines, even all the production in Canada has been shutdown. So, we know the demand is there and it continues to grow, supply is constricting and these are the things that are making the bottom of the bull market happen.”
Spot on Ross, you called it before most others. Here is how investors can track the uranium miners
InvestorIntel readers can track the uranium sector at "Uranium Watchlist”
[Here is another source of information on the status of uranium and nuclear power:
https://i2mconsultants.com/downloads/corp/BEYONDHYDROCARBONS-2020ExpandedIIRev.pdf ]
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