NetworkNewsAudio – Uranium Energy Corp. (NYSE American: UEC) Poised to Profit as White House Seeks Nationwide Clean-Energy Mandate
The world is hearing a growing chorus of urgency to change the curve of carbon emissions. Calling it a “climate emergency, “Scientific American” recently said, “the adverse effects of climate change are much more severe than expected. . . . Every effort must be made to reduce emissions and increase removal of atmospheric carbon.” It will take a concerted global effort to turn the tide, and nuclear energy is an integral part of the solution. Nuclear energy has been safely and quietly powering America with clean, carbon-free electricity for more than 60 years. The most reliable energy source in the country, nuclear power provides electricity to about one in five American homes and delivers more than half of the nation’s carbon-free electricity. Clean, safe and carbon free, nuclear power has all the attributes needed to help bend the curve on carbon — except that the United States is at the mercy of foreign sources for uranium. U.S. production has fallen to only a fraction of the uranium needed to fuel even one of the U.S. commercial reactors. The U.S. has become overdependent on foreign supplies, with about half of annual requirements now being imported from countries such as Russia, Kazakhstan and Uzbekistan. These state-supported uranium mining companies from the former Soviet Union have been flooding the market with cheap uranium. Unable to compete, American companies have been forced to idle their plants, and the country is dangerously close to losing its uranium fuel industrial base. Recently, however, nuclear has gained government support and is included as one of the power sources eligible for a national clean-energy mandate sought by the White House as part of its Clean Energy Standard. The infrastructure plan could be a boon for uranium companies. A leading pure-play, production-ready American uranium company, Uranium Energy Corp. (NYSE American: UEC) (Profile) has been investing in the next generation of low-cost and environmentally friendly in-situ recovery (“ISR”) mining uranium projects. UEC properties are primarily located within the United States, and the company controls one of the largest historical uranium exploration and development databases in the country. Others that may benefit from the government’s clean-energy push could be the iShares S&P Global Clean Energy Index Fund (NASDAQ: ICLN) or perhaps an alternative energy company such as First Solar Inc. (NASDAQ: FSLR), or the electric vehicle maker Tesla Inc. (NASDAQ: TSLA) or even a miner like Freeport-McMoRan Inc. (NYSE: FCX), which supplies raw metals critical to solar and EV manufacturers.
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About Uranium Energy Corp.
Uranium Energy is a U.S.-based uranium mining and exploration company. As a leading pure-play American uranium company, UEC is advancing the next generation of low-cost and environmentally friendly in-situ recovery (“ISR”) mining uranium projects. In South Texas, the company’s hub-and-spoke operations are anchored by UEC’s fully-licensed Hobson Processing Facility, which is central to its Palangana, Burke Hollow, Goliad and other ISR pipeline projects. In Wyoming, UEC controls the Reno Creek project, which is the largest permitted, pre-construction ISR uranium project in the U.S. Additionally, the company’s diversified holdings provide exposure to a unique portfolio of uranium related assets, including: 1) major equity stake in the only royalty company in the sector, Uranium Royalty Corp; 2) physical uranium warehoused in the U.S.; and 3) a pipeline of resource-stage uranium projects in Arizona, Colorado, New Mexico and Paraguay. In Paraguay, the company owns one of the largest and highest-grade ferro-titanium deposits in the world. The company’s operations are managed by professionals with a recognized profile for excellence in their industry, a profile based on many decades of hands-on experience in the key facets of uranium exploration, development and mining. For more information about the company, visit www.UraniumEnergy.com.
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