NEWS.

$5M ASX Micro Cap Launches Uranium Exploration – Near the Only US Processing Facility

Uranium appears to have some serious positive momentum right now, with investors scrambling to get exposure to further upward movement in the commodity price.

There are a number of factors at play here, however a key one is that the US government has recently announced substantial new support for domestic uranium producers.

The Trump Administration is seeking $1.5BN over 10 years to buy uranium from US mines and shore up a domestic stockpile.

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Is uranium the next commodity to run? GTi Resources looks highly leveraged

In September 2019, the World Nuclear Association produced a report modelling a predicted divergence in the supply and demand curve globally for uranium. The report showed demand outstripping supply from 2023.

In other words, there is a looming uranium supply and demand mismatch and the association believes the uranium industry is only a couple of years away from firing again, leaving behind fears of another Fukushima.

There is reason to be positive about nuclear energy: it could play a crucial role in the decarbonisation of the world.

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GTI Resources to begin drilling at uranium and vanadium project

GTI Resources has completed a $2 million raised to help fund a drilling program at its Utah based uranium and vanadium projects.

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