The Start of the Uranium Bull Market and the Coming of the Second Atomic Age
As populations have skyrocketed globally, the resources used to
power modern life have become painfully stretched. Moreover,
societies are increasingly concerned with the impact of pollution
and climate change on the environment. As we sit here today, it
is not hard to imagine that this century will be marked by energy
wars and conflict until we find the right mix of clean energy
solutions. Just ask the Europeans. Reliance on fossil fuels is not
just a major climate issue, it’s also a severe national security
problem.
The war in Ukraine, combined with decarbonizing the energy
sector in line with emission reduction goals, has given new
importance to the term “energy security”. Replacing oil with
cheap coal and liquified natural gas (LNG) is not a long-term
solution thanks to climate targets. Ramping up renewables like
wind and solar will help but it’s a strategy that comes with major
challenges such as grid integrity.
Does the answer lie with nuclear power? Clean, reliable, and in
the final stages of commercializing SMR technology, but it still
has a public relations problem… or does it?
With strong signs of sentiment change, combined with new
uranium ETFs in Europe, higher prices and tightening of the spot
and term contract markets, a lot of smart money is starting to
believe that a large chunk of the world’s energy mix is trending
nuclear. Here at The Oregon Group, we’ve dug into the stats,
we’ve spoken with explorers, miners and traders, and in this
report, we share what we’ve learned.
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