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Nuclear energy

Investing in the Next Generation of Nuclear Power

December 17, 2022 By admin Leave a Comment

In this Article:

  • U.S. Department of Energy announced…
  • Talk about opportunity…
  • A new type of nuclear fuel…

The devil is always in the details.

This week, the U.S. Department of Energy announced that scientists achieved a nuclear fusion reaction that created more energy than was used. Make no mistake: This is a huge deal. This has never happened before.

To clarify, a nuclear fusion reaction happens when two light nuclei merge to form a single heavier nucleus.

To put it simply, this is essentially the reaction that powers the sun; when properly harnessed, it can be used to create a limitless source of energy on Earth. In fact, according to the U.N.’s International Atomic Energy Agency, nuclear fusion could generate 4 million times more energy than burning coal or oil…

But, of course, without the massive environmental and social burdens.

While I’ve never been a huge fan of traditional nuclear power — mostly because it remains cost-prohibitive without massive subsidies (far more than coal, gas, solar, and wind) — the promise of nuclear fusion has always been fascinating to me because it could potentially allow us to ditch fossil fuels altogether while creating energy in an economically and environmentally superior fashion.

It’s also far safer than traditional nuclear fission, which produces radioactive waste that, despite world governments' best efforts, creates an inconvenient safety and security risk that few ever want to talk about.

And, of course, because fusion is not based on a chain reaction like we see with fission, a nuclear accident is not actually possible. 

But I’m not here to talk about nuclear physics.

Instead, I’m here to talk about opportunity.

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And as much as I love the promise of nuclear fusion, the opportunity to profit from this is highly unlikely because it’s highly unlikely we’ll ever actually see nuclear fusion happen for at least another 30 years — and that’s figuring conservatively. 

Like I said, the devil is in the details.

As reported in The Washington Post, the net energy gain scientists witnessed only happened at the micro level:

The lasers used at the Livermore lab are only about 1% efficient, according to Troy Carter, a plasma physicist at the University of California at Los Angeles. That means that it takes about 100 times more energy to run the lasers than they are ultimately able to deliver to the hydrogen atoms.

So researchers will still have to reach “engineering net energy gain,” or the point at which the entire process takes less energy than is outputted by the reaction. They will also have to figure out how to turn the outputted energy — currently in the form of kinetic energy from the helium nucleus and the neutron — into a form that is usable for electricity. They could do that by converting it to heat, then heating steam to turn a turbine and run a generator. That process also has efficiency limitations.

All that means that the energy gain will probably need to be pushed much, much higher for fusion to actually be commercially viable.

At the moment, researchers can also only do the fusion reaction about once a day. In between, they have to allow the lasers to cool and replace the fusion fuel target. A commercially viable plant would need to be able to do it several times per second, said Dennis Whyte, director of the Plasma Science and Fusion Center at MIT. “Once you’ve got scientific viability,” he said, “you’ve got to figure out engineering viability.”

In other words, don’t hold your breath for nuclear fusion.

Yes, it’s absolutely fascinating, and one day it’ll be a real thing.

But it’s not going to be a real thing anytime soon, and it’s certainly of no use for us as energy investors. 

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What I do find interesting, though, is that while so many people in the media are talking about nuclear fusion this week, they’re completely clueless about the next generation of realistic nuclear power, which is likely to be one of the most profitable energy investment opportunities of our lifetime.

Utilizing a new type of nuclear fuel called “Tri-Fuel 238,” this next-generation nuclear power technology is cheaper than coal and natural gas, carbon emission-free, and, unlike traditional nuclear power plants, its reactors cannot fail.

It’s by far one of the safest, cleanest, and cheapest forms of power in the world, and the best part is there’s only one company making all this possible. 

My good friend and colleague Keith Kohl actually turned me on to this company (along with its ticker symbol) earlier this year, and let’s just say that I really like looking at my trading account these days. 

While I remain bullish on solar, wind, geothermal, and battery storage, I also know a solid opportunity when I see one. And quite frankly, if you look at the details on this new nuclear technology for yourself, you’ll see what I’m talking about.

Bottom line: Nuclear fusion isn’t going to happen anytime soon, but Tri-Fuel 238 is a reality right now, and it’s going to make a lot of energy investors very, very rich.

To a new way of life and a new generation of wealth…

Jeff Siegel Signature

Jeff Siegel

[Nomi Prins: 10x Gains on a Small Firm Disrupting a Critical American Industry]

Read more from Jeff Siegel at EnergyAndCapital.com

Filed Under: Nuclear Tagged With: Battery, Coal, energy storage, Geothermal, Jeff Siegel, Keith Kohl, Nuclear energy, Nuclear Fusion, oil and gas, Solar, Tri-Fuel 238, U.S. Department of Energy, wind power

The Main Reason Behind the Energy Crisis in Europe…

September 27, 2022 By admin Leave a Comment

In this Article

  • Why Europe Loves Natural Gas
  • From Nord Stream to No Stream
  • Russia’s Endgame Could Mean Lights Out for Europe
  • Energy Rations Becoming a Reality

Imagine the government controlling the air-conditioning temperature…

Utilities burning coal and firewood at an industrial scale…

Businesses facing imminent closure due to surging energy costs…

And people setting their gas bills ablaze in public and on TikTok.

That’s the reality for millions of people living in Europe right now. And as I write this, they are bracing for the arrival of a long, cold winter.

I learned about their fears firsthand on a recent trip to England.

And as I explained in a recent video update from Birmingham, everyone there is talking about oppressive energy bills and their impact now and in the future.

But this “European” energy crisis is not restricted to Europe. It’s spilling over into the entire global economy.

And as such, it has very serious implications for us on this side of the pond… and on our finances.

So today, in the first of a two-part essay, I’ll explore the main reason for Europe’s energy woes.

And tomorrow, I’ll show you why it affects you, too… and how you can counter the effects of it in your portfolio.

But first, let’s look at the main reason behind the energy crisis in Europe right now…

Why Europe Loves Natural Gas

One of the main factors driving the energy crisis in Europe is the rise in natural gas prices.

Europe loves natural gas. It gets about a quarter of its energy from it.

And what’s not to love?

It’s a superior form of fuel to oil and coal because of its energy density.

Natural gas is versatile. You can use it to heat your home or to spin a turbine and produce electricity. You can use it to power home cooking appliances and vehicles.

You can also use it to make fertilizer. And that’s crucial for the food production industry, as I wrote a few months ago.

Natural gas also produces less pollution than some other fuels. It emits about half as much carbon dioxide as coal, for example.

The upshot is that European nations wanted to move away from the dirtier, polluting fossil fuels, such as coal and oil, and, in some cases (think Germany), nuclear. So it had every incentive to fall in love with natural gas.

But there was a problem…

You see, there are two ways to move natural gas around. The first is by sea, using liquified natural gas (LNG) carriers.

This option requires an export facility to chill the natural gas down until it becomes liquid. It is then pumped onto these giant boats and shipped across the world.

Then on the other end, you need an import terminal to re-gasify it. All this infrastructure takes billions to make and years to construct.

The second option is much simpler. It involves transporting natural gas via pipeline.

Europe chose the easier way. It imported natural gas from Russia through pipelines.

Russia was right next door, after all. And it produced lots of natural gas.

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From Nord Stream to No Stream

Until recently, Russia was a major exporter of natural gas to the rest of Europe. Last year, the European Union (EU) got roughly 45% of its imported natural gas from Russia, according to the International Energy Agency.

Russian gas reaches Europe via a complex network of pipelines running through eastern Europe.

The most important pipeline is Nord Stream 1. It’s approximately 1,200 kilometers long and runs under the Baltic Sea between Russia and Germany. Up to 170 million cubic meters of gas can flow through Nord Stream 1 daily.

Since it became operational in 2011, more than 441 billion cubic meters of Russian gas have flowed to Europe via Nord Stream 1.

In 2021, Europe imported 155 billion cubic meters of natural gas from Russia. Nearly 40% – 59 billion cubic meters – came through Nord Stream 1.

Nord Stream 1 is owned and operated by Nord Stream AG, whose majority shareholder is the Russian state company Gazprom.

For years, Nord Stream 1 has embodied the tacit deal between Russia and the European Union.

Russia was willing to supply copious amounts of natural gas at favorable prices. It developed infrastructure to take its gas to Europe.

Europe built industries that depend on that cheap supply of Russian gas. And industrial powerhouses, like Germany, built their entire economies around it.

But then, earlier this year, Russia went to war with Ukraine. That changed everything.

The EU slapped Russia with unprecedented sanctions. Russia retaliated by cutting the flow of natural gas via Nord Stream 1 by about 60%.

Then during its annual scheduled maintenance this summer, the pipeline flow dropped to zero. When it came back online, it came back at 40% capacity before dropping to 20%.

Then, at the end of August, Russia shut down the pipeline again, supposedly for maintenance. This shutdown was to last three days. But at writing, the pipeline remains offline.

Russia’s Endgame Could Mean Lights Out for Europe

As a result of all these actions, the European gas price went parabolic this summer. At one point, it cost $340 per megawatt-hour (MWh). That’s 312% higher than in January 2022, before Russia invaded Ukraine.

You can see the huge spike in natural gas prices that coincided with the Nord Stream 1 shutdown in the chart below.

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Chart

Now, while the price has dropped back somewhat in recent weeks, as Europe secures alternative supplies, the uncertainty surrounding their natural gas supply is a huge concern for the eurozone countries.

Consider this…

At about $12 per megawatt-hour (MWh) in November 2021, the eurozone’s energy import costs were $200 billion. That’s 1.6% of its GDP.

If gas settles at about $200 per MWh, this number will increase by roughly $700 billion to 7% of GDP.

At $300 per MWh, it would rise by about $900 billion. That’s a crippling 8.5% of its GDP.

So, Russia’s endgame is simple – to keep gas prices as high as possible to inflict maximum pain on Europe, so it eases off on sanctions.

Energy Rations Becoming a Reality

The way things are going, it looks inevitable that Europe will have to ration gas and energy come winter.

Germany is already discussing its options. German politicians are trying to decide how German industry will be prioritized. Difficult questions are being asked.

Questions like… Who gets the gas when there is a shortage? Who has to close the shop?

But whichever way they slice it, it will likely end up plunging Europe’s largest economy into crisis.

And if that happens, the entire European Union – and potentially the entire world – is in trouble.

Tomorrow, in the second part of this two-part essay, I’ll show you how to turn rising energy prices into profits in your portfolio.

Regards,

signature

Nomi Prins
Editor, Inside Wall Street with Nomi Prins

[Nomi Prins: 10x Gains on a Small Firm Disrupting a Critical American Industry]

Read more from Nomi Prins at PalmBeachGroup.com

Filed Under: Analysis Tagged With: Europe, Germany, global oil demand, International, International Energy Agency, natural gas, Nomi Prins, Nord Stream, Nord Stream 2 Pipeline, Nuclear energy, oil and gas, Russia, Supply Chain

How Investors Can Profit from the Global Rise in Energy Costs…

September 15, 2022 By admin Leave a Comment

In this Article

  • Nuclear Power Is Back on the Agenda
  • Between a Rock and a Hard Place
  • Learning From the Past
  • What This Means for Your Money

Yesterday, I wrote about the massive swings the nuclear energy sector and the uranium market have experienced over the last few decades.

Mine closures and power plant disasters have sent uranium on a wild ride.

Right now, the price of uranium is about 63% off its 2007 high of $140 per pound.

But I believe that’s about to change.

In my previous essay, I showed why the supply of uranium is precarious right now… which, on its own, could drive up the price.

And today, I’m going to tell you about a key development on the demand side that could create the perfect storm for uranium investors.

It’s something that’s happening in Japan.

In fact, I believe it will kick off a huge bull run in this beaten-down commodity.

And I’ll show you a way to play it.

Nuclear Power Is Back on the Agenda

Now, during my years as an investment banker, I traveled frequently to Japan. And when I became an investigative journalist and then an author, I continued that pattern.

In 2016, I was even invited to give a speech at the Tokyo Stock Exchange. It was right after the election of President Trump. I spoke about the impact of this on central bank policy and the markets.

Right now, like the rest of the world, Japan is facing an energy crisis.

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The government there has already urged people to turn off lights in unused rooms. And in Tokyo, residents were asked to take steps such as watch less TV and switch off the heater function on toilet seats.

And winter is coming, bringing with it more demands on Japan’s already scarce supply of electricity.

Earlier this summer, Prime Minister Fumio Kishida announced plans to restart some of the country’s idled nuclear power plants.

You’ll recall from my previous essay that after the meltdown at its Fukushima nuclear power plant in 2011, Japan significantly curtailed its nuclear energy program.

It shut down most of its 54 nuclear reactors, cutting off nearly 30% of the country’s electricity supply.

Now, a small number of reactors came back online or were given the go-ahead to resume operations in recent years.

But Kishida said he wants to have up to nine reactors up and running by this winter. These will supply roughly 10% of Japan’s power consumption.

And he followed this up with another announcement last month. He wants to have 17 nuclear power plants back online by the summer of 2023.

All of this amounts to a massive push for nuclear energy.

But that’s not even the best part of the story.

Kishida also said he has directed a government panel to look into how “next-generation nuclear reactors” could be used to help the nation achieve its goal of carbon neutrality by 2050.

Put another way, Japan will probably be building more nuclear reactors. And likely soon.

To say that this is a major pivot back into nuclear energy would be putting it mildly.

In fact, not so long ago, the Japanese government insisted it would not consider building new nuclear power plants or replacing aged reactors.

But as I wrote in my reply to a reader’s question about uranium in a recent mailbag edition, Kishida’s plans have huge public support.

This news is extremely bullish for uranium – the fuel that powers nuclear plants.

Between a Rock and a Hard Place

So why the change in sentiment towards nuclear energy in Japan?

There are two main factors – energy security and cost.

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Japan is the world’s third-largest economy. But it has no significant energy source of its own. It is completely dependent on energy imports.

Since Fukushima, Japan has relied on coal, natural gas, and fuel oil to generate its electricity.

In 2020, fossil fuels accounted for 85% of Japan’s total primary energy supply.

Up until earlier this year, natural gas and coal prices were relatively low. So there was no immediate need for Japan to restart its nuclear reactors.

But Russia’s war in Ukraine put a swift end to this safety cushion.

As you can see from the chart below, coal, natural gas, and oil prices surged after the conflict began. 

Chart

Natural gas prices have risen by 127% since the beginning of the war. Coal is up 96%. And although it has pulled back recently, at one point, oil was up 53%.

That’s a big problem for a country that depends so much on fossil fuels to keep its economy running.

Fuel accounts for up to 80% of the cost of operating a fossil steam plant or gas turbine. The cost of uranium is only about 20% of a typical nuclear plant’s operating cost.

So Japan is shifting its focus back to nuclear energy in a bid to bring those costs down.

Also, the evidence over six decades shows that nuclear is a safe means of generating power.

Yes, there have been some isolated incidents. But the Fukushima meltdown was because of a major earthquake, followed by a 15-meter tsunami.

And there haven’t been any major nuclear power plant accidents since then.

In fact, according to data from the European Union (EU), World Bank, and Energy Information Administration (EIA), nuclear reactor sites are four times safer than wind farms and ten times safer than solar farms.

[Nomi Prins: 10x Gains on a Small Firm Disrupting a Critical American Industry]

Learning From the Past

Another factor that will no doubt reinforce Japan’s commitment to nuclear energy is the current global instability.

It still relies on Russia for about 9% of its natural gas. Losing that supply would spell trouble for Japan.

Keep in mind that Russia recently cut gas supplies to Europe via the Nord Stream 1 pipeline indefinitely.

And Japanese-Russian relations are anything but great right now.

Japan has repeatedly criticized Russian aggression in Ukraine. And it has slapped Russia with unprecedented economic sanctions.

In response, Russia banned 384 members of Japan’s parliament from entering its territory.

The upshot is that Japan is in a very vulnerable position.

To the Japanese, this evokes memories of the early 1970s.

A large regional war in the Middle East disrupted energy supplies. The oil crisis that followed caused Japan’s economy to contract by 7%, bankrupting many businesses and families.

So securing its own energy supplies has climbed Japan’s priority list in recent months.

Nuclear power is the only feasible way for Japan to meet its goals of climate and energy security.

The Japanese understand this.

Today, Japan generates just 6% of its electricity from nuclear power.

But up until the Fukushima incident, the country expected to generate up to 40% of its electricity from its nuclear reactors.

I think it’s a good bet that Japan will attempt to hit that target again in the years to come. This would imply more than 500% growth from today’s level.

And that would have a huge impact on uranium demand… and its price.

But this shift to nuclear energy isn’t just happening in Japan.

Right now, there are 55 nuclear power plants under construction globally. These are largely concentrated in China, India, Russia, and the United Arab Emirates.

Globally, another 90 are planned and more than 300 proposed.

The extra demand from these new plants alone all but guarantees that the price of uranium will go up.

What This Means for Your Money

So, how can you benefit from the nuclear revival in Japan and elsewhere?

You can consider investing in the Global X Uranium ETF (URA).

The fund holds a basket of producers, physical holdings, and property developers. So, it gives you broad exposure to the uranium sector.

As an exchange-traded fund (ETF), it also carries less company-specific risk than investing in individual companies.

Until tomorrow,

signature

Nomi Prins
Editor, Inside Wall Street with Nomi Prins

[Nomi Prins: 10x Gains on a Small Firm Disrupting a Critical American Industry]

Read more from Nomi Prins at RogueEconomics.com

Filed Under: Nuclear Tagged With: Commodities, Fukushima, International, Japan, Nomi Prins, Nuclear energy, Supply Chain, Uranium

The World’s Most Unpopular Investment

April 16, 2021 By admin Leave a Comment

Investing in the latest red-hot disruptive technology is easy.

The whizbang attractiveness of the latest electric vehicle stock trumps boring blue chip stocks any day of the week.

But investing is far harder for contrarians.

They have to look at the headlines and ask themselves whether the opposite of the market consensus is true.

I recommended some out-of-favor investments in the depths of the coronavirus crisis.

Sure enough, the more unpopular the investment was at the time, the more profitable it was a year later.

I recently came across another universally hated sector that could double or triple your money over the coming years.

But as with the cruise lines and theaters I recommended a year ago…

I can guarantee you just one thing: You will hate it.

The Leading “Green Energy” Technology

What if I told you about a renewable source of energy that…

  • Doesn’t release lots of carbon into the air…
  • Doesn’t rely on a massive breakthrough in battery capacity…
  • Is always on, day or night, windy or not…
  • Is the planet’s shortest route to net-zero emissions?

Is this the latest radical technology touted by Elon Musk?

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No, it is not.

That’s because what I have just described is none other than much-reviled nuclear power.

The World’s Most Unpopular Investment

Nuclear power has an image problem.

The very thought of nuclear power makes investors squeamish.

The disasters at Three Mile Island, Chernobyl and Fukushima all set nuclear power back by decades.

Yet investors’ repulsion is hardly rational.

Even the worst nuclear disasters haven’t produced massive fatalities.

The nuclear accident at Fukushima – triggered by a devastating earthquake and tsunami – killed just one person.

In the three most affected countries near Chernobyl – Belarus, Russia and Ukraine – radiation doses to the general public were relatively low.

Exploding Demand

Alas, much of the rest of the developed world doesn’t feel this way.

Both Japan and Germany – the world’s third- and fourth-largest economies – have abandoned nuclear power altogether.

But much of the developing world still thinks of nuclear power as “going green.”

Currently, around 50 nuclear reactors are under construction across the globe. More than 300 are in the pipeline this decade.

China, India, Russia, Belarus, Korea, Slovakia and the United Arab Emirates are collectively adding more than 8 gigawatts of new nuclear capacity in 2021 alone.

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Even President Joe Biden has said that nuclear power will be part of the “clean energy standard” in the U.S.

All this new demand is leading to uranium shortages – and soaring prices.

The Uranium Energy Corporation estimates that, in 2021, global demand for uranium will hit 175 million pounds. Production is expected to be 128 million pounds. That implies a gap of 47 million pounds in 2021 alone.

Meanwhile, uranium miners are unprepared.

Output at Kazatomprom, the world’s biggest producer, is at a multiyear low.

Canada’s Cameco (TSX: CCO), the world’s second-largest uranium producer, has shut down all its uranium mines.

Investment bank Canaccord expects uranium prices to average $50 per pound in 2021. That’s a 66% upside from today’s price of around $30 per pound.

Uranium: A Unique Market

All this is good news for investors.

Such supply and demand imbalances can trigger big moves in price.

In 2007, uranium prices soared fivefold in one year to $137 a pound.

Today, uranium prices are still 78% below their all-time high.

But investing in uranium is tricky.

With almost any other commodity, you can buy a futures contract or take delivery of the commodity directly.

But nuclear power plants rarely buy uranium on the spot market.

Instead, most countries sign long-term contracts with a few strategically essential suppliers, such as Kazakhstan and Canada.

How to Ride the Uranium Bull

Once a commodity like uranium gets going, it can maintain that momentum for years.

Unlike in 2007, today some exchange-traded funds (ETFs) allow you to invest in the uranium complex directly.

To bet on a rebound in uranium, you may want to look at the North Shore Global Uranium Mining ETF (NYSE: URNM).

This ETF doesn’t hold uranium itself.

Instead, it invests in companies involved in the mining, exploration, development and production of uranium as well as companies that hold physical uranium, uranium royalties or other non-mining assets.

It has had quite a run since December and is up by 42% this year.

But with the bull market in uranium just getting started, it likely has a long way to go.

Good investing,

Nicholas

[This Tech Will Mint More New Millionaires than Crypto, Pot Stocks and FAANG… COMBINED!]

Read more by Nicholas Vardy at LibertyThroughWealth.com

Filed Under: Clean Energy Stocks Tagged With: CCO, Nuclear energy, power plants, URNM

Top 3 Uranium Stocks to Buy in 2021

April 16, 2021 By admin Leave a Comment

Uranium and nuclear energy have a bad rep. But is that justified? As we move further into renewable energy, tables are turning. More nuclear projects are coming online and it’s a perfect setup for the best uranium stocks.

The companies below focus on mining and processing uranium. So, as demand climbs, these stocks should do well…

  • Cameco (NYSE: CCJ)
  • Uranium Energy Corp. (NYSE: UEC)
  • Ur-Energy (NYSE: URG)

Before we dive into these investing opportunities, let’s look at key industry trends. The market is slowly moving away from fossil fuels and nuclear is a top contender…

Is Uranium and Nuclear Energy Safe Going Forward?

To see where we’re going, we must look back. On top that, it’s useful to understand market sentiment. The public image of nuclear energy isn’t great…

When you ask people their opinion on nuclear, you’ll often hear about Three Mile Island, Chernobyl or Fukushima Daiichi. The memories of these disasters have stuck in peoples’ minds. There’s been a lot of negative press and that’s likely led to less people investing in uranium stocks.

Although, the sentiment is changing as more people step back and look at the facts…

First off, nuclear disasters are rare. Back in 1986, Chernobyl was the worst on record. The World Health Organization released a 600-page report on the disaster. Based on the work of hundreds of scientists, economists, and health experts, it showed the total number of radiation-related deaths is likely to be around 4,000.

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That’s a sobering statistic to be sure. But let’s compare it to deaths from our main energy source today – fossil fuels.

According to the WHO, millions of people die from the air pollution caused by fossil fuels each year. The long-term effects on our environment could be even worse.

I’m neither pro-nuclear or anti-coal. Instead, I’m bringing up these stats only because many people overlook these truths. Nuclear energy is both cleaner and safer than many people believe.

More people and governments are realizing this. The tides are changing and I’ll explain the potential for nuclear energy below. But first, let’s look at the top uranium stocks in more detail…

Best Uranium Stocks to Buy

Cameco is the world’s largest publicly traded uranium company. The company has 455 million pounds of proven and probable mineral reserves. And annually, it has licensed capacity to produce more than 53 million pounds of uranium concentrates.

To lower geo and political risk, Cameco operates projects around the world. It has a large footprint in Canada, but also in the U.S., Australia and Kazakhstan. So, as global uranium demand increases, this top uranium stock should see higher returns.

Uranium Energy Corp. is a mining and exploration company based in the U.S. It has projects in Texas, Wyoming, Paraguay, New Mexico, Colorado, Arizona and Canada. So, it has some diversification benefit as well.

One unique thing that sets UEC apart is that it’s unhedged. It has no contracts at pre-set prices. It’s highly leveraged to uranium’s price compared to all other uranium miners globally. This uranium stock also made our list of top energy penny stocks.

Ur-Energy is a junior mining company with a lot of room to grow. Its main operation is the Lost Creek uranium facility in Wyoming. It has a physical design capacity of two million pounds per year.

Ur-Energy’s newest project is Shirley Basin. It acquired this asset in 2013 and has gone through a wide range of applications and assessments. As this project progresses, it might produce up to 6.3 million pounds of U3O8, a compound of uranium.

The Future of Uranium and Nuclear Energy

Nuclear energy makes up about 70% of total energy production in France. But in other countries, it’s a much smaller portion. In recent years in the U.S., it’s made up as high as 20% of the total.

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Nuclear energy can claim a much larger piece of the pie. And the pie is growing as energy consumption increases around the globe.

As governments are realizing nuclear is a better option, they’re approving more nuclear projects. In 2012, the U.S. Nuclear Regulatory Commission approved the construction of four new reactors. That was the first time that had happened since the 1970s.

More public and private investments are going into nuclear energy as well. Bill Gates has even launched a nuclear innovation company, TerraPower. There are many projects on the horizon with a push for renewable energy.

So, the future for nuclear energy and uranium looks bright. And the top uranium stocks might deliver some big returns in the years ahead.

Rob Otman

[Learn More: Brand New “Tesla Killer” Charges in Minutes Instead of Hours, Silences Doubters]

Read more by Rob Otman at InvestmentU.com

Filed Under: Clean Energy Stocks Tagged With: CCJ, Nuclear energy, UEC, Uranium stocks, URG

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