Connect with us

Hi, what are you looking for?

Investing

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

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.






    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Editor's Pick

    LIVE OAK, Fla. — President Biden traveled to Florida on Saturday to survey the damage caused by Hurricane Idalia, part of a storm response...

    Economy

    Union members at Ford, Stellantis and General Motors have ratified a new 4½-year contract, locking in at 11% pay increases secured after a six-week...

    Stock

    President Biden is asking his Cabinet to ‘aggressively execute’ plans for federal employees to return to their offices for work this fall after years...

    Stock

    A group of House Democrats penned a letter Thursday to several top Biden administration and White House officials, demanding the immediate continuance of uninterrupted...

    Disclaimer: beneficialinvestmentnow.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 beneficialinvestmentnow.com