Kivalliq Weighs in on the Future of Uranium

Nov. 21, 2012 10:05AM PST

Investment U Research interviewed Kivalliq Energy (TSX: KIV) CEO Jim Paterson on the future of uranium.

As quoted in the market news:

As any uranium investor knows, there certainly have been challenges over the past few years for the industry. Today, the spot price of uranium is about $43.50 per pound. A lot of analysts predict prices could fall even further in the short term.
That’s why I had to get Jim’s take on what challenges are currently facing the global uranium market, and whether he thought these prices should be seen as an opportunity for investors:
“There is a chance that uranium spot prices could fall even further in the short term, but for most global uranium projects in the development and production phases even the current spot prices are not sustainable. Certainly, the current pricing environment makes it very hard for most uranium explorers to raise money to advance their projects. The lack of capital available from investors is the single biggest challenge for our segment of the sector right now. Kivalliq’s ability to raise capital in this environment has really set us apart and increased our profile dramatically.