Bannerman Says Uranium Prices Must Rebound

Mining Weekly reported future uranium prices would have to reach levels of between $75/lb to $90/lb to make investments in the industry profitable, Bannerman Resources (ASX:BMN,TSX:BMN) said.

As quoted in the market news:

Speaking at the first day of this year’s Africa Downunder conference, Bannerman CEO Len Jubber noted that despite a consistent increase in demand, the industry was facing aging mines, increased development costs, and ever-more challenging environments in which to build yellowcake operations.

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