Insights in the Uranium sector from Energy Fuels
Exclusive coverage from the New Orleans Investment Conference. Cory Fleck attended the show again this year and sat down with a number of Keynote speakers and exhibiting companies.
In this interview Cory sits down with Curtis Moore, VP of Energy Fuels (TSX:EFR & AMEX:UUUU). They discuss the factors pushing the uranium price below $20/lb. Energy Fuels is one of the largest uranium producers in North America so they have some good insights into what is going on behind the scenes.
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As always we love to hear what you all think of the companies and speakers we bring on the show. Please email Cory directly at Fleck[at]kereport.com if you have any further questions and comments.
Cory – Great to hear an overview on the Uranium markets from Energy Fuels. Nuclear continues to be a very important component to the energy markets. Each component of the Energy mix (Oil, Nat Gas, Coal, Nuclear, Solar, Wind, Hydro, Geothermal, Battery Power) are shuffling for position, but longer term, Nuclear will be fine and the Uranium prices must rise to meet production costs.
Energy Fuels (UUUU) as one of the leading US producers is positioned to capitalize on the US energy markets when the worm turns.
Energy Fuels Secures New Processing Contract
Oct. 31, 2016 /CNW/ – Energy Fuels Inc. (NYSE MKT: UUUU; TSX: EFR)
http://www.newswire.ca/news-releases/energy-fuels-secures-new-processing-contract-599290081.html
A “quiet nuclear renaissance” unfolds in the United States
November 1, 2016 – by Richard Spencer
http://investorintel.com/uranium-energy-intel/quiet-nuclear-renaissance-unfolding-usa/
Russian firm to build nuclear reactor in Tanzania
Monday, October 31 2016 – By The EastAfrican Team
Russia invites India to join fast reactor research project
October 31, 2016 – The Hindu
First new US nuclear reactor in two decades comes online in Tennessee
If uranium is a small part of the cost of constructing and running a nuclear plant, why would the Chinese care about mining/producing uranium way above the spot price? All they should care about is that they’ll get enough uranium to keep their plants running.
Disclosure: I’m an Energy Fuels shareholder.
Uranium fundamentals remain but near term is flat
Rob Chang – Cantor Fitzgerald | about 8 hours ago
http://www.mining.com/web/uranium-fundamentals-remain-but-near-term-is-flat/
One of the things that concerns me with uranium is that I feel that a lot more supply destruction still needs to occur prior to uranium finding a bottom.
Have you guys come across any info with regards to different uranium producers cutting back uneconomic production? I read somewhere that the Kazakhs are high grading their deposits, so there will come a time in the not so distant future where Kazakhstan will end up having to reduce production when the high grade stuff is gone (and Kazakhstan is the worlds largest uranium producer)
Thanks
Nick
Great point Nick. The other concern is that the current price does not incentivize exploration or development of new mines. This is a destruction of future supply, as the pace to bring these projects on-line is very long and a permitting and social license nightmare.
Uranium firms remain optimistic amid low demand
SALMA TARIKH NOVEMBER 3, 2016
http://www.northernminer.com/news/uranium-firms-remain-optimistic-amid-low-demand/1003780582/
Good interview, Cory. Thank you.