Uranium Supply Security Will Remain a Top Priority in 2023

A secure supply of energy is essential and so uranium will remain a hot topic in 2023 due to its role in the world’s power supply.

While renewable energy remains the end goal for most countries, uranium’s place in the clean energy revolution can no longer be ignored. Nuclear restarts are already in the works, meaning more uranium will be needed soon.

Right now, 437 nuclear reactors provide 10% of the world’s electrical needs. Over the next decade, this figure is projected to increase dramatically when around 60 more reactors enter service.

There are also another 104 reactors already in the planning phase, not to mention a whopping 338 more that have been proposed.

Sprott Asset Management CEO John Ciampaglia argues that obtaining a reliable supply of uranium suitable for nuclear fuel is crucial for the success of the energy transition.

In November, he stated that nearly 180 million pounds of uranium per year is required to fuel the current global fleet of reactors. The current primary output is over 130 million pounds and is expected to rise to between 140 million and 145 million pounds by next year.

According to Ciampaglia, the only way to fix the deficit is to mine more supply. However, costs have gone up significantly which is why Ciampaglia thinks that the price of uranium needed to get a new greenfield project started is between $75 and $100.

During the last uranium bull market, which happened more than ten years ago, investors saw the spot price rise by more than 1,800%, from US$7 in December 2000 to a record high of US$136 in June 2007. This time around, the market has more things going for it, making it more likely that prices will keep going up.

The Oregon Group recently released a market report about the upcoming uranium bull market.

In the world of finance, The Oregon Group is a go-to resource. Independent capital markets professionals Anthony Milewski and Justin Cochrane created this investment research group.

Throughout his career, Milewski has worked in the mining business in various capacities, including as a consultant, founder, and investor.

The Oregon Group Predicts a 10-Year Uranium Bull Market

Milewski and The Oregon Group believe that the increase in uranium-fueled nuclear reactors is helping to create, and will sustain, a long-term bull run for uranium..

The study “The Start of the Uranium Bull Market and the Coming of the Second Atomic Age” explains some of the most important variables that have led to this increase, such as decarbonization, the commercialization of compact modular reactor technology, and energy security.

There has been a significant decrease in worldwide inventories, no new production is expected anytime soon, and there is a possibility of a shortage, as shown by an analysis of the uranium market.

Important sections of the report include:

• The uranium market has recovered from a decade-long decline. When the price of uranium increases, mining operations will be restarted. Supply won’t be able to keep up with demand any time soon because reserves and grades at existing producers are falling and more advanced development projects are needed. The producers argue that fresh production has to be encouraged with higher prices.
• The European Union has approved billions in green subsidies for nuclear energy. When fueled by uranium, one of the most energy-dense fuels, nuclear reactors produce clean energy. Opinions toward uranium and nuclear power have changed over the world for the same reasons. Many Japanese people currently advocate restarting their nuclear reactors.
• Ten years of underinvestment, mergers, and warnings from industry leaders that new output demands high prices have left the supply side in a state of recovery. Stocks of uranium have risen in value over the previous couple of years.

This research provides a wealth of data about a dynamic sector, and it analyzes the major factors that are driving and will continue to drive price growth for the foreseeable future. The study provides a list of uranium stocks and ETFs to examine, along with an explanation of why you might wish to invest in each.

This market could be in the early stages of a long-term bull market for uranium, so investors may want to keep a close eye on this market.

You can read the full version of “The Start of the Uranium Bull Market and the Coming of the Second Atomic Age” by The Oregon Group by clicking here.

SOURCE The Oregon Group

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Disclaimer

1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on research and understanding of the sector.

2) The Article was issued on behalf of and sponsored by, The Oregon Group. Market Jar Media Inc. has or expects to receive from The Oregon Group’s Digital Marketing Agency of Record (Native Ads Inc) one thousand five hundred USD for this article.

3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Market Jar Media Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Market Jar Media Inc. relies upon the authors to accurately provide this information and Market Jar Media Inc. has no means of verifying its accuracy

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6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management’s expectations regarding The Oregon Group.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to The Oregon Group.’s industry; (b) market opportunity; (c) The Oregon Group’s business plans and strategies; (d) services that The Oregon Group intends to offer; (e) The Oregon Groups milestone projections and targets; (f) The Oregon Group’s expectations regarding receipt of approval for regulatory applications; (g) FThe Oregon Group’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) The Oregon Group’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute The Oregon Group’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) The Oregon Group’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) The Oregon Group’s ability to enter into contractual arrangements with additional Pharmacies; (e) the accuracy of budgeted costs and expenditures; (f) The Oregon Group’s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of The Oregon Group to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) The Oregon Group’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact The Oregon Group’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing The Oregon Group’s business operations (e) The Oregon Group may be unable to implement its growth strategy; and (f) increased competition.

Except as required by law, The Oregon Group undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does The Oregon Group nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither The Oregon Group nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document.

7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of The Oregon Group or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of The Oregon Group or such entities and are not necessarily indicative of future performance of The Oregon Group or such entities.

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