Five Top Ways to Invest in a Potential Nuclear Revival

April 07, 2022 - Baystreet.ca


With uranium prices regaining its healthy glow, investors have been pushing into related stocks. In fact, with Russia’s invasion of Ukraine, “The crisis has European countries thinking more seriously about adding nuclear power generation. Germany is even reconsidering its nuclear ban,” reports MarketWatch. We could even see a nuclear revival in the U.S. That’s because the U.S. is far too dependent on Russia and its regional allies such as Kazakhstan and Uzbekistan, which supply us with 50% of needed uranium supply. “Now, U.S. uranium miners say they see an opportunity to make some money helping the nation fight back against Russia. That would mean restarting idle mines, rebooting an industry in the U.S. that dramatically shrank in recent years when uranium prices were low,” added E&E News. All could continue to be beneficial for companies 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. announced that it has engaged BRS Inc. and Wright Environmental Services to restart the permit application process with regard to the Company’s Velvet-Wood uranium and vanadium project in Utah. An updated Plan of Operations and necessary environmental studies are being commissioned to capitalize on the advanced permitting and licensing work previously undertaken by Uranium One in 2008 and 2009. Both BRS and Wright Environmental were involved in Uranium One’s previous efforts to permit Velvet-Wood, bringing a wealth of asset-specific experience and knowledge to the effort.

Studies previously completed include:

 1) 607-acre cultural resources survey

2) Hydrogeologic and Groundwater Quality Study

3) Mine Water Treatment Study

4) Baseline Surface Radiological Survey

5) Baseline Wildlife, Vegetation and Soil Survey

In addition to the above, a UPDES Discharge Permit for the mine dewatering treatment system was issued to Uranium One by the State of Utah in October 2008.

Corey Dias, Anfield CEO, stated, “The Velvet-Wood project is a critical part of Anfield’s production objectives, given its past-producer status and robust economics tied to a previously-completed economic assessment. A great deal of work has already been completed in pursuit of a mining permit for Velvet-Wood, significantly shortening the timeline that would be required otherwise. We are confident that Velvet-Wood will play an important role in the execution of our conventional mine and mill complex production plan.”

Other related developments from around the markets include:

Uranium Energy Corp. provided the following letter to its shareholders on the outlook for the Company in 2022 from President and CEO, Amir Adnani. “2022 begins with the highest uranium price in a decade and a positive global outlook for nuclear energy not seen in a generation. For UEC, we have begun 2022 positioned as the leading American uranium mining company. This follows our $112 million cash acquisition of Uranium One Americas that has endowed us with two operational hub and spoke production platforms and seven licensed and low cost In-Situ-Recovery uranium projects. Earlier this month, we reached another important milestone, becoming debt free, and also reporting a strong balance sheet of approximately $125 million of cash and liquid assets. These positive industry and corporate developments have been years in the making and, whether you are a new or long-term shareholder, your ownership of UEC is sincerely valued and I thank you on behalf of our team and our Board of Directors.”

Energy Fuels Inc. reported its financial results for the year ended Dece+mber 31, 2021. Mark S. Chalmers, Energy Fuels' President and CEO, stated: "In 2021, we believe Energy Fuels further strengthened its position as America's leading multi-commodity, critical mineral company, as we made excellent progress on our uranium, REEs, vanadium and medical isotope initiatives. We are deploying our 'one-of-a-kind' licenses, facilities, and expertise to responsibly recover the critical elements needed for carbon-free nuclear energy, electric vehicle powertrains, wind generation, advanced electronics, grid-scale batteries, other clean energy and advanced technologies, and potentially cancer therapeutics.”

NexGen Energy Ltd. was approved for uplisting on the New York Stock Exchange from its current listing on the NYSE American LLC. Leigh Curyer, Chief Executive Officer commented: "The uplisting on the NYSE is a major corporate milestone for NexGen in creating long-term value and an expansion of our global shareholder base. This listing is a demonstration of NexGen's corporate governance standards, size, liquidity and exceptional value proposition offered to global investors allocating capital to elite ESG entities at a time the demand for reliable and sustainable clean air energy fuel is undergoing a generational transition."

Ur-Energy Inc. filed the Company's Annual Report on Form 10-K, Consolidated Financial Statements, and Management's Discussion & Analysis, all for the year ended December 31, 2021. Ur-Energy CEO, John Cash said: "We are encouraged by the dramatic increase in domestic and global support for nuclear power, as it is increasingly recognized as the only plausible solution to climate change. Ur-Energy is in the enviable position of being able to quickly ramp up and participate in an improving uranium market and, in addition, we could immediately deliver up to 284,000 pounds U3O8 into the Uranium Reserve Program, currently being established by the U.S. Department of Energy. On March 3, 2022, we had $44.7 million in cash, plus our ready to sell U.S. produced inventory, worth approximately $14.4 million at recent spot prices. Additionally, we continue to advance the construction of header house 2‑4 to expedite production when market signals allow us to ramp up at Lost Creek."

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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