Bullish Sentiments Remain for Uranium Stocks as Demand Soars

FinancialNewsMedia.com News Commentary

PALM BEACH, Fla., Sept. 13, 2022 /PRNewswire/ -- Uranium and other reactive natural chemicals have had a bad rep in the past. This sentiment is gradually changing, as the world is shifting from fossil fuel to renewable energy resources. Uranium's long-term outlook seems promising, but the constant disruption in the ratio of supply and demand has affected the commodity's price. The industry giant, Cameco, has suspended multiple mining projects in the past to stabilize the price of uranium stocks. The top 10 countries that produce uranium are: Kazakhstan, Canada, Australia, Niger, Namibia, Russia, Uzbekistan, China. USA and Ukraine. An article in The Fintech Mag discussed whether 2022 is the time to buy uranium stocks. They said: "Uranium (U) is a heavy metallic element that has been used as a reliable source of concentrated energy for many years. It has a melting point of 1132°C. It is naturally found in most rocks with a concentration of 2 to 4 parts per million. Despite the high value associated with this metal, it is as abundant in Earth's core as other common elements like tin and tungsten. Only one kilogram of uranium can generate energy that is equivalent to the production capability of about 1,500 tonnes of coal. Uranium is a mixture of two isotopes: uranium-238 (U-238) and uranium-235 (U-235). The occurrence ratio of U-238 in natural deposits is about 99% while that of U-235 is 10%."  Active companies in the markets today include:  BASIN URANIUM CORP. (OTCPK:BURCF) (CNSX:NCLR.CN), Denison Mines Corp. ( NYSE: DNN) (TSX:DML.TO), Cameco ( NYSE: CCJ) (TSX:CCO.TO), Ur-Energy Inc. ( NYSE: URG) (TSX:URE.TO), NexGen Energy Ltd. ( NYSE: NXE) (TSX:NXE.TO).