The price of uranium is $106 per pound and continues to rise steadily. The market is in deficit and will remain so for many years. And more and more nuclear power plants are being built worldwide. All companies active in the uranium sector are likely to benefit from this. But especially Uranium Energy. UEC announced that the company's Board of Directors has approved the resumption of uranium production at the fully permitted and past producing Christensen Ranch in-situ recovery facility in Wyoming. Production is expected to begin in the summer of 2024. This could further boost the share price as money is finally being made.
Uranium Energy: Uranium Market Update and Decision to Start Production in Wyoming
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