In addition to gold, silver and lithium shares, uranium shares are also among the most attractive investment opportunities. The European energy crisis is heating up bets on the future of nuclear energy. Many market participants assume that the price of uranium will continue to rise. Bank of America sees the pound of uranium soon at $70. The energy crisis and improved sentiment toward nuclear power encouraged many countries to expand their supply of nuclear energy. Whether it's Japan, California or Asian countries, they are all turning to the climate-friendly way of generating energy. One way of moving away from fossil fuels is nuclear power. The EU has therefore also classified it as "green". In the USA, the US Inflation Reduction Act includes tax credits for existing reactors. South Korea has also made a U-turn on energy. Nuclear energy is now to be expanded there instead of reduced.
What could further drive the uranium price are possible supply shortages from Russia. The country is responsible for more than two-fifths of the world's active enrichment capacity. That's because to produce nuclear fuel, uranium must be converted and then enriched. So utilities are now looking to differentiate themselves from Moscow.
Uranium is thus likely to become an increasingly attractive commodity, hence top-tier uranium companies such as Uranium Energy - https://www.youtube.com/watch?v=YXqrHMsikX0 -. The company is considered to be the fastest growing fuel supplier with ISR mining uranium projects in the USA and uranium projects in Canada.
In Labrador, Labrador Uranium has uranium projects covering approximately 140,000 hectares of land with historic uranium resources.
Current corporate information and press releases from Labrador Uranium (- https://www.resource-capital.ch/en/companies/labrador-uranium-inc/ -) and Uranium Energy (- https://www.resource-capital.ch/en/companies/uranium-energy-corp/ -).
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