Japan has just added uranium to the list of critical minerals. Raw materials are labeled "critical" if they play an important economic role, are not easily mined locally and most of them have to be imported. After the disaster in Fukushima, Japan was a long-suffering nuclear power consumer. However, the country is now back on this clean form of energy generation.
By classifying uranium as a critical mineral, Japan is reaffirming its intentions to reduce its dependence on foreign producers (especially Russia) and at the same time support domestic uranium projects. Critical minerals are often only found in a few countries and there are concerns about shortages. Today, Japan relies on nuclear power plants and wants to increase the proportion of energy that comes from nuclear power plants.
Japan is the world's third largest uranium consumer. Only the USA and China consume more uranium. There is no domestic uranium production in Japan; the raw material is imported from Australia, Canada and Kazakhstan. Japan aims to cover at least 20 percent of its electricity requirements from its reactors by 2030. Greenhouse gas emissions are to be reduced to zero by 2050. In the meantime, eleven reactors have been brought back to life since 2015, while 16 are still awaiting approval. Now that uranium is a critical mineral, Japan can allocate more funds and resources to research and development. Companies with uranium projects such as Cosa Resources or Premier American Uranium are certainly happy about the uranium price, which has been high again for a long time.
Cosa Resources owns uranium projects in the Athabasca Basin in Saskatchewan covering more than 180,000 hectares of land.
In Wyoming and Colorado, Premier American Uranium - https://www.commodity-tv.com/ondemand/companies/profil/premier-american-uranium-inc/ - has uranium projects located in excellent uranium-rich areas.
Current company information and press releases from Cosa Resources (- https://www.resource-capital.ch/en/companies/cosa-resources-corp/ -) and Premier American Uranium (- https://www.resource-capital.ch/en/companies/premier-american-uranium-corp/ -).
Bild-Quelle: stock.adobe.com
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