Leigh Curyer: Uranium Prices to Gain Momentum in 2019, 2020 | Summary and Q&A

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March 6, 2018
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Leigh Curyer: Uranium Prices to Gain Momentum in 2019, 2020

TL;DR

Demand for nuclear energy is growing steadily, with countries like China, India, and Japan increasing their nuclear capacity. Next-Gen Energy is optimistic about higher uranium prices due to the tightening supply caused by major producers cutting production.

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Questions & Answers

Q: How will the recent production cuts by major uranium producers impact the market?

The production cuts suggest a tightening of supply, which historically leads to higher uranium prices. This is positive for the industry as it increases the value of uranium and encourages more investment in exploration and production.

Q: What is driving the demand for nuclear energy?

Demand for nuclear energy is driven by reactor builds in countries like China, India, and Japan. These countries are increasing their nuclear capacity to meet their growing energy needs, indicating a strong demand for nuclear power.

Q: Can you provide more details about Next-Gen Energy's arrow deposit and its significance?

The arrow deposit is a remarkable asset that has been recognized with the prestigious Bill Denis award. It reflects the efforts of various stakeholders, including shareholders, directors, and employees, and has the potential to create positive benefits for the local community, Saskatchewan province, and the world as a source of clean energy.

Q: What are Next-Gen Energy's goals for 2018 regarding the arrow deposit?

Next-Gen Energy plans to complete the pre-feasibility study by Q3-Q4 2018, which will include updated resource estimates. The company is also focusing on project development, as evidenced by the appointment of a new senior vice president. The goal is to bring the arrow deposit into production and create a multi-decade mine with significant positive impacts.

Summary & Key Takeaways

  • The CEO of Next-Gen Energy discusses the busy conference and excitement surrounding the uranium market, citing recent production cuts by major producers as a sign of tightening supply and potential for higher uranium prices.

  • Demand for nuclear energy is strong, with annual growth of 1-2%. China, India, and Japan are building more reactors to meet their energy needs, indicating a positive outlook for the industry.

  • Next-Gen Energy has received the prestigious Bill Denis award for the discovery of the arrow deposit, a significant achievement that reflects the efforts of the company and various stakeholders.

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