- Currently, nuclear power is the nation’s 2nd largest source of electricity production, providing 20% of the nations’ total generation
- As a result of its carbon-free, emission free attributes, nuclear power is likely to grow with the new Administration’s clean energy initiatives, including those supporting a transition to more EV’s
- Nuclear energy is America’s largest source of carbon-free energy and its largest source of baseload power that isn’t a fossil fuel source
- UEC has a near-term production profile of 4 million pounds U3O8 per year via its low cost, environmentally friendly In-Situ Recovery (“ISR”) projects in Texas and Wyoming
With every changing presidential administration, investors glean as much information as possible from previous policies and campaign promises in order to be best positioned for industries that should prosper under new leadership. In the case of nuclear energy, not much has changed with the transition to a new Presidential administration. This topic and others were recently discussed in a virtual fireside chat between BMO Capital Markets Mining Analyst Alexander Pearce and Spencer Abraham, Chairman of Uranium Energy (NYSE American: UEC) and former United States Secretary of Energy (https://ibn.fm/OdN7N).
“They get to the same place, maybe with different pathways,” said Secretary Abraham. He expounded that contrary to the previous “all of the above” approach to U.S. energy independence, the current administration has a preference for alternative energy sources, stepping away from fossil fuel sources. The baseload power demand at the global level means that…
NOTE TO INVESTORS: The latest news and updates relating to UEC are available in the company’s newsroom at https://ibn.fm/UEC
About MiningNewsWire
MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.
To receive SMS text alerts from MiningNewsWire, text “BigHole” to 21000 (U.S. Mobile Phones Only)
For more information, please visit https://www.MiningNewsWire.com
Please see full terms of use and disclaimers on the MiningNewsWire website applicable to all content provided by MNW, wherever published or re-published: https://www.MiningNewsWire.com/Disclaimer
MiningNewsWire
Los Angeles, California
www.MiningNewsWire.com
310.299.1717 Office
Editor@MiningNewsWire.com
MiningNewsWire is part of the InvestorBrandNetwork.