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Scott Melbye discusses the uranium market, as well as plans for Uranium Energy (UEC) and Uranium Royalty as prices for the energy commodity heat up. In his view, the uranium story is nothing like that of lithium, whose price has fallen significantly after running up.
“The fundamentals behind uranium supply and demand — the demand for nuclear, power which is driving the need for uranium and new mine production — couldn’t be more different than where lithium is today,” he said.
“We’re still very much in the first or second inning of what is going to be a historic bull market.”
#Investing #Nuclear #Uranium
This interview was filmed on March 3, 2024.
0:00 – Intro
0:42 – Uranium still in early innings
2:04 – Key drivers of uranium thesis
4:41 – Russian uranium import ban
7:21 – How high can uranium go?
9:43 – UEC’s production plans
13:16 – UEC’s unhedged strategy
17:41 – Uranium Royalty’s plans
21:44 – Outro
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The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
