What's Behind the Rising Uranium Price? And: Uranium Energy Acquires New Projects from Rio Tinto

Uranium is stealthily making its way above the $60 per pound mark. The chart looks good, and we can imagine a first price target of $80 per pound in the next 6–12 months. We explain the background on the rising price. Uranium Energy entered into a purchase agreement with Rio Tinto Exploration Canada to acquire a portfolio of exploration-stage projects in the Athabasca Basin in Saskatchewan for $1,500,000. We are very bullish on Uranium and UEC.

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