- IAEA report notes that an adequate supply of uranium will be vital as nuclear power continues to provide an important source of the world’s carbon-free energy
- “Undiscovered resources must be converted to discoveries, which must then be developed in a timely matter,” report concludes
- UEC is focused on expanding uranium production while developing a pipeline of low-cost resources for major ongoing growth
A recent analysis of the world’s uranium supply by the International Atomic Energy Agency (“IAEA”) states that nuclear power will be a primary source of energy for the world in the coming years — assuming an adequate supply of uranium can be maintained (https://ibn.fm/ra0Vo). That report is great news for Uranium Energy (NYSE American: UEC), a U.S.-based uranium mining and exploration company that controls one of the country’s largest historical uranium exploration and development databases. UEC leverages this invaluable data to target and acquire properties that have been subject to exploration and development by senior energy firms in the past and that are ideally positioned to become major supplies of uranium in the coming years.
“Nuclear power is expected to be an important part of the worldwide energy mix at least through the next 50 years and by most projections well beyond,” the IAEA study reported&
NOTE TO INVESTORS: The latest news and updates relating to UEC are available in the company’s newsroom at https://ibn.fm/UEC
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