The global movement toward clean energy is driving optimism in the uranium sector. We have a positive long-term outlook on uranium prices based on the following key factors: Nuclear energy is a dependable and clean power source, and Uranium has no direct substitute for use in nuclear power plants.
Very few TSX/TSXV listed companies offer exposure to uranium in Africa. Recent talk from the United States over the need to swiftly develop the means to produce uranium concentrate highlight to global push toward building a relatively self-sufficient nuclear industry.
GXU’s Enterprise Value (“EV”) is 44% of the AT-NPV8% of Madaouela and Mutanga. GXU is trading at just $0.6/lb vs the sector average of $2.1/lb.
Global attitudes are shifting in favour of nuclear energy. As a result, we expect to see demand for raw materials pick up in the coming years. Supply will also likely expand as the world transitions towards greater electrification.
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