With uranium prices regaining its healthy glow, investors have been pushing into related stocks.
In fact, with Russia’s invasion of Ukraine, “The crisis has European countries thinking more seriously about adding nuclear power generation. Germany is even reconsidering its nuclear ban,” reports MarketWatch. We could even see a nuclear revival in the U.S.
That’s because the U.S. is far too dependent on Russia and its regional allies such as Kazakhstan and Uzbekistan, which supply us with 50% of needed supply. “Now, U.S. uranium miners say they see an opportunity to make some money helping the nation fight back against Russia. That would mean restarting idle mines, rebooting an industry in the U.S. that dramatically shrank in recent years when uranium prices were low,” added E&E News.
All could continue to be beneficial for companies such as Anfield Energy Inc. (TSXV: AEC) (OTCQB: ANLDF), Uranium Energy Corp. (NYSE: UEC), Energy Fuels Inc. (NYSE: UUUU) (TSX: EFR), NexGen Energy Ltd. (TSX: NXE) (NYSE: NXE), and Ur-Energy Inc. (TSX: URE) (NYSE: URG).