Uraan Energy – powering an energy start-up
Uraan Energy was a start-up created for the purpose of uranium mining in identified areas of a 440,000 acre site in Alberta, Canada. World-class phosphate was a natural by-product, and this allowed for a secondary income stream. I researched the market and wrote a complete website for them, as well as in investor presentation.
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Key market takeaways
- Strong demand, with realisation of the critical role of nuclear as key to clean energy
- Recent curtailments and COVID-related supply disruptions have created significant primary production deficit and accelerated inventory drawdown.
- Long-term contracts from previous cycle are ending with significant uncovered utility requirements emerging.
- Significant increase in long-term contracting amidst supply threats from geopolitical events.
- Sustained period of low prices means project pipeline may be inadequate to deliver new production in time to replace aging mines.
- Investor interest in uranium market has increased, with holdings of physical uranium gaining in popularity.
[Source: UxC Uranium Market Outlook.]
Sustainable energy
The nuclear sector currently accounts for around 11% of the world’s electricity generation and 60% of clean energy respectively. (Source: Strategic Investments, 2022)
- Uranium is one of the key resources for clean energy that does not leave a carbon footprint.
- The EU Taxonomy recognises nuclear as a sustainable green investment.
- To achieve net zero by 2050, the world needs nuclear (IAEA Annual Report Oct 2022).
The zero-carbon benefits of nuclear power are therefore increasingly recognised by climate experts, politicians and scientists. In addition, public opinion is becoming more positive towards nuclear energy.
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