How it works with uranium

It is a long way from the mining of uranium ore to the disposal of nuclear waste. Uranium is extracted from the uranium ore, refined and finally made into a fuel element. The fuel remains in the reactor for around three years, followed by interim storage, reprocessing and recycling. The waste can then be disposed of. Uranium mining initially involves open-pit mining, underground mining or dissolution and extraction via boreholes (in-situ recovery, ISR). ISR is usually used, or the uranium is leached in a mill. After U3O8 has been refined to uranium dioxide, it is enriched. Most nuclear power plants require fuel with 3.5 to 5 percent U-235, i.e. low enriched uranium. Many modern and small modular reactors, on the other hand, require higher enrichments, so-called HALEU, i.e. uranium enriched to around 20 percent. The enriched uranium is converted into a powder from which the nuclear fuel elements are then produced.

Around two thirds of global uranium production come from Kazakhstan, Canada and Australia. Uranium is traded on the spot market, but mainly via medium to long-term contracts (futures market). Unlike gold, for example, there is no exchange for uranium. Energy suppliers buy uranium, and investors also acquire physical uranium stocks. International controls are intended to ensure that enrichment plants are not used to produce uranium suitable for nuclear weapons. As the growing global hunger for energy can only be met with the help of nuclear power, new nuclear power plants are being built. And so, uranium could become scarce.

Uranium is available from Premier American Uranium – https://www.commodity-tv.com/ondemand/companies/profil/premier-american-uranium-inc/ – in excellent uranium regions such as Colorado, Wyoming and New Mexico.

IsoEnergy – https://www.commodity-tv.com/ondemand/companies/profil/isoenergy-ltd/ – owns high-grade uranium deposits in Saskatchewan, Australia, Argentina and the U.S., as well as a portfolio of permitted uranium and vanadium mines in Utah.

Current company information and press releases from IsoEnergy (- https://www.resource-capital.ch/en/companies/iso-energy-ltd/ -) and Premier American Uranium (- https://www.resource-capital.ch/en/companies/premier-american-uranium-corp/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 – 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/