Nick Wells reports that in the aftermath of the Energy Fuels acquisition of Uranerz, Uranium Investing News is taking a look at the current state of the US uranium market and what the future may hold for that market.
When Energy Fuels announced its acquisition of Uranerz in early January, Stephen Antony, CEO of Energy Fuels, said the deal makes sense in that it will help the company stay competitive in the current marketplace. By adding Uranerz to our corporate umbrella, he indicated that they will be creating a multi-source uranium production platform that is better positioned to respond to the dynamic and volatile nature of the uranium market. The new version of the company will be able to balance out its expensive conventional uranium projects by harnessing the much cheaper in-situ recovery project owned by Uranerz.
As the spot price of uranium has sagged over the course of the past year, particularly in the summer, more uranium companies have found it hard to keep swinging against depressed prices. Bigger is better, said Mercenary Geologist Mickey Fulp.
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