The increased adoption of electric vehicles and cordless tools is putting new demand on the electric grids of nations around the world, expanding the need for 24/7 reliable high-capacity charging systems powered by clean nuclear energy.
Capital investment into new uranium mines has been at a virtual standstill for the past many years, providing little new production ready to come online to meet the now rising demand. Fourteen mines have shut down since 2011 and a fifteenth, ERA’s Ranger Mine, is now into its final closure.
The stage is set for a major rally in the price of uranium and, I believe, investors will be very well rewarded by positioning themselves now for the bull market emerging and likely to persist over the next few years or more.
KEEP WATCH
New Demand on Electric Grids
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Last
$27.80 |
Change
-0.300(1.07%) |
Mkt cap ! n/a | |||
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| $27.80 | $0.00 | $0.00 |
