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Soaring Uranium Price Boosts Production, Elevate Uranium CEO Says

Elevate Uranium (ASX:EL8) Managing Director and CEO Murray Hill expects the market momentum for uranium to continue, providing a significant opportunity for investors to join the uranium space.

“The whole sentiment towards nuclear (power) has changed around the world,” Hill said as he discussed bullish factors for the metal. ‘We’re seeing the lives of reactors being extended. We’re seeing governments pushing their own pathway to nuclear, and uranium is the feed source for nuclear. The uranium price is moving strongly, (and) it’s got a long way to go.’

Because of this, Hill said he believes the uranium price will be sustained above US$100 per pound for a long time, and that price point will incentivize production. “It makes capital easier for us explorers, and we can get on our job of exploring and then moving down the path of development and production. So it is a very exciting time, an exciting time for investors too.”

Watch the full interview with Elevate Uranium Managing Director and CEO Murray Hill above.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Elevate Uranium and seek advice from a qualified investment advisor.

This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.

This post appeared first on investingnews.com

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