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Top 5 Ways to Invest in Explosive Uranium Demand

Uranium prices are regaining a healthy glow. For one, there’s a good deal of global demand, with some countries planning to build even more reactors. Two, we have global leaders attempting to cut back on harmful emissions, which could increase dependency on uranium. In fact, according to Jon Bey, President and CEO of Standard Uranium, as quoted by, "We are starting to see countries around the world accepting nuclear energy. Those countries realize if they want to reach a carbon neutral future, nuclear energy has to be part of the equation.” Three, the world is running into a severe supply-demand issue. Even Cameco President and CEO Tim Gitzel has said, “Uranium supply is becoming less certain due to years of persistently low prices,” as quoted by S&P Global Platts. That being said, investors may want to keep an eye on uranium stocks, such as Anfield Energy Inc. (TSXV: AEC) (OTCQB: ANLDF), Uranium Energy Corp. (NYSE: UEC), Energy Fuels Inc. (NYSE: UUUU) (TSX: EFR), NexGen Energy Ltd. (TSX: NXE) (NYSE: NXE), and Ur-Energy Inc. (TSX: URE) (NYSE: URG).

Look at Anfield Energy Inc. (TSXV: AEC) (OTCQB: ANLDF), For Example

Anfield Energy Inc. just announced that Mr. Kenneth Mushinski has agreed to join the Board of Directors of Anfield as non-Executive Chairman.

Mr. Mushinski brings significant nuclear-related knowledge and expertise to the Board via his 33 years of senior hands-on roles at General Atomics Corporation (Vice President of Corporate Planning and Acquisitions) and its various subsidiaries: uranium producer Quasar Resources (President), uranium developer Cotter Corporation (President), General Atomics Uranium Resources (Vice President) and rare-earth technology developer Synchron (President). Mr. Mushinski has also served both as Board Chairman for Cotter Corporation, technology developer Diazyme Shanghai and chemical manufacturer Miltec Inc. and as a management committee member for the Honeywell/General Atomics ConverDyn partnership.

Mr. Mushinski's responsibilities at the above entities included identifying, negotiating and executing with regard to mergers and acquisitions; operational and financial planning of uranium operations, including sales, marketing and contracting, budgeting, scheduling; and regulatory affairs, including governmental interactions, licensing, permitting, reclamation and decommissioning.

Mr. Mushinski holds both a Master of Business Administration and Bachelor of Science, Mechanical Engineering, Summa Cum Laude, from San Diego State University.

"We are very excited that Ken has agreed to join Anfield's Board, given his plethora of experience in the nuclear sector, along with his rare-earth credentials. Ken's production-related operational experience, combined with both his contracting sales and marketing execution and relationship with not only worldwide utilities but also conversion facility ConverDyn significantly bolsters the Board's uranium knowledge base. Finally, his direct experience related to Anfield's West Slope uranium and vanadium mines should facilitate our production opportunity with regard to this project."

Other related developments from around the markets include:

Uranium Energy Corp. filed a Technical Report Summary on EDGAR disclosing updated mineral resources for the Company’s Wyoming ISR Hub and Spoke Project. Amir Adnani, President and CEO, stated: “UEC’s Wyoming Hub and Spoke Platform holds the largest resource base of fully permitted In-Situ Recovery projects in the United States. Today’s resource report is the culmination of multiple acquisitions we’ve successfully completed since 2017 to fulfill a strategic objective of U.S. uranium leadership. Wyoming is an integral component of the overall strategy as a proven mining-friendly jurisdiction with over 230 million pounds of historic production and containing the largest in-situ recovery amenable uranium deposits in the Western Hemisphere. UEC’s ~66M pounds of measured and indicated resources and the ~15M pounds of inferred resources outlined in the TRS filing represent one of the largest S-K 1300 resource summaries completed and filed to date. These considerable permitted Wyoming resources, coupled with our Texas permitted projects, positions UEC to lead the resurgence of U.S. uranium production. At a time of unprecedented geopolitical events and risks, fully permitted and low-cost ISR projects in the United States will be critical to reducing dependency on Russia while strengthening national and energy security interests of America.”

Energy Fuels Inc. reported its financial results for the quarter ended June 30, 2022. Mark S. Chalmers, Energy Fuels' President and CEO, stated: "Energy Fuels continues to make progress on all fronts of our uranium, rare earth, vanadium and medical isotope businesses. Uranium markets have been volatile but remain strong. We continue to believe the short and long-term fundamentals for uranium continue to point to higher pricing. We are extremely pleased to announce the execution of three long-term contracts with U.S. nuclear utilities. With up to 4.2 million pounds of uranium deliveries between 2023 and 2030, at attractive pricing and other terms, these contracts will help underpin Energy Fuels' uranium business for many years to come. We are also beginning to perform the work needed to recommence production at one or more of our uranium mines. The Company's substantial existing uranium inventories are expected to provide sufficient uranium for the early years of the contract deliveries. However, we expect to be in production at one or more of our uranium mines in the next two years. Our substantial inventories will also allow Energy Fuels the potential to offer significant quantities of uranium to the new U.S. Uranium Reserve. During the second half of 2022, we expect to shift back to processing stockpiled ores for uranium production, and we expect to produce 100,000 to 120,000 pounds of uranium in 2022.

NexGen Energy Ltd. announced drill assays from 2021 confirm discovery of a uranium mineralized zone below the known Arrow Deposit and at Camp East: Below Arrow – multiple intersections of uranium mineralization were made significantly below Arrow, including 0.10% U3O8 over 7.0 m in AR-21-268 from 1128 m to 1135 m down hole; Camp East – uranium concentration of 0.10% U3O8 in RK-21-140 from 166 m to 167 m down hole in association with brittle structure and hydrothermal alteration. Further, NexGen has commenced 2022 drilling focused on regional exploration targets at the 100% owned Rook I project; and an extensive geophysical program over high priority areas of NexGen's mineral tenure in the southwest Athabasca Basin, Saskatchewan.

Ur-Energy Inc. announced that it has signed a multi-year sales agreement with a leading U.S. nuclear utility to supply uranium produced from a project owned and operated by the Company's U.S. subsidiaries, including Lost Creek. Completing this supply agreement marks the first step of Ur-Energy's strategic product marketing plan by which the Company intends to commit a portion of its future uranium production into term sales agreements with U.S. based nuclear utilities. This initial agreement calls for the annual delivery of a base amount of 200,000 pounds of uranium concentrates over a six-year period beginning in the second half of 2023. Sales prices are anticipated to be profitable on a Company-wide, all-in cost basis and are escalated annually from the initial pricing in 2023.

Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Anfield Energy Inc. paid three thousand five hundred dollars for advertising and marketing services to be distributed by Winning Media. Winning Media is only compensated for its services in the form of cash-based compensation. Winning Media owns ZERO shares of Anfield Energy Inc. Please click here for disclaimer.

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