The uranium price has remained unchanged at $36.50 per pound of U3O8 for the last few weeks.
Go here for our latest on the uranium price.
A summer slowdown has set up camp in the uranium market, with the price remaining unchanged at $36.50 per pound of U3O8 for the last few weeks. However, despite the weak pricing environment, it seems that market players at last believe the bottom has hit.
Case in point: Raymond James analyst David Sadowski said in a recent note to clients that uranium producers are down 25 percent, while uranium juniors are down 23 percent. That being said, he sees “limited downside from current equity valuations and good potential for out performance over the balance of the year as the stocks play catch-up and benefit from recovering sentiment and underlying commodity prices.”
And though the uranium price is currently at a standstill, Sadowski believes that given high uncovered utility needs and the uranium shortage expected by roughly 2020, the price could rise to $38 per pound of U3O8 in the second half of 2015. The uranium price could then reach $45 per pound in 2016 before hitting a longer-term price of $70 per pound. Sadowski sees $70 per pound as the price required to incentivize mine supply to meet future demand.
All of those factors point to a quiet summer for the uranium market, but now and in the coming months investors should nevertheless be on the lookout for milestones from the usual suspects: Japan, China and utilities.
Japan reactor restarts imminent
In terms of Japan, World Nuclear News reported last week that nuclear fuel was being loaded into Kyushu Electric Power Company’s (TSE:9508) Sendai 1 reactor.
The fact that Kyushu has been granted a green light to refuel the reactor is a positive indicator for all uranium companies, according to Sadowski. The reactor could start up sometime in August following a month-long inspection. The country is aiming to have roughly 35 reactors online by 2035, with 11 online by 2016.
Chinese demand rising
Outside Japan, reactor restarts in China are urging along rising uranium demand. So far this year, four reactors have started up, with a further eight expected by the end of the year.
Sadowski estimates that by 2025, China will surpass the US as the largest consumer of uranium at 52 million pounds per year. He also expects to see the Asian nation continue to be a “significant builder of strategic pounds.”
Chinese utilities have publicly stated that to support that growing demand they are interested in purchasing more overseas projects. The utilities are seeking out large, low-cost assets in Kazakhstan, Canada and Australia. Sadowski believes that should sentiment and the uranium price improve, investors can expect to see more global mergers and acquisitions from China that could incite others.
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Generation Uranium offers investors high-leverage exposure to a potential major discovery in Canada’s underexplored and resource-rich Thelon Basin, led by a management team with a proven track record of securing high-value exits.
Overview
Generation Uranium (CSE:GEN, OTCQB:GENR, FRA:W85) is a Canadian exploration company focused on wealth creation through discovery within the uranium sector. The company’s primary strategy is to build a high-caliber exploration team that can rapidly test and drill high-potential targets, de-risking projects for potential takeover by larger producers. Currently centered in the prolific Thelon and Angikuni Basins of Nunavut, the company is also actively evaluating additional project acquisitions in the Athabasca Basin to expand its portfolio.

The company is led by a veteran management team with nearly 30 years of experience in mineral development. CEO Michael Collins has a significant track record of building and exiting public companies, including the co-founding of Bluerock Resources, a conventional uranium producer during the 2000-2008 cycle. This expertise is paired with a focused business model that leverages modern geophysical targeting to accelerate exploration timelines and reduce costs, ensuring the company can deliver results quickly in a bullish uranium market.
Company Highlights
- Strategic Location in a Premier Uranium District: The flagship Yath Project is located in Nunavut’s Thelon Basin, contiguous to ATHA Energy’s Angilak Project, which hosts the high-grade Lac 50 deposit.
- High-Grade Discovery Potential: Historical surface sampling at the Yath Project has yielded exceptional uranium grades, including boulders testing at 9.81 percent, 3.95 percent, and 2.14 percent U3O8.
- Expert Management with Exit Experience: Led by CEO Michael Collins, the team has decades of experience in mineral exploration and a history of co-founding companies that were later acquired, such as Prime Mining and Nuclear Fuels.
- Low-Cost, Rapid Exploration Strategy: By leveraging modern geophysics and extensive historical data, the company aims for a "short road to discovery," de-risking projects quickly to maximize shareholder value.
- Bullish Market Fundamentals: Generation Uranium is well-positioned to meet the growing global demand for carbon-free nuclear power, supported by a projected supply deficit and increased interest from major tech companies seeking clean energy.
Key Project
Yath Project - Nunavut, Canada
The Yath Project is Generation Uranium’s flagship project. This 100 percent owned property covers about 120 square kilometers within the underexplored Thelon Basin in Nunavut, Canada. The project is located where the Yathkyed and Angikuni sub-basins meet, which is a region known globally for high-grade uranium potential. It sits directly along the same trend as the Angilak Project owned by ATHA Energy (TSXV:SASK, OTCQB:SASFK, FWB:XSU.F), which contains the Lac 50 deposit, one of the highest-grade uranium resources found outside of the Athabasca Basin with a historical mineral resource estimate of 43.3M lbs at an average grade of 0.69 percent U3O8.

The Yath Project is contiguous to the Lac 50 trend and is crossed by several regional faults and basin boundaries. Past exploration work has already identified high priority targets, while surface sampling in the area has produced uranium grades from boulders, with some testing at 9.81 percent, 3.95 percent, and 2.14 percent U3O8.
The company has commenced its initial field program at the site, set to define and rank drill targets. Historic showings will be combined with new anomalies from the MMT geophysics survey, preparing the project for an anticipated drill permit.
Management Team
Michael Collins - CEO & Director
Michael Collins is a professional geoscientist with nearly 30 years of experience in mineral exploration. He has co-founded several public companies, including Exploits Discovery, Prime Mining (acquired in 2025), and Nuclear Fuels (merged with Premier American Uranium in 2025). He is also currently a director of First Atlantic Nickel.
Christoph Bruening - Director
Christoph Bruening is the founder and managing partner of Value Relations GmbH, a full-service investor relations and public relations agency in Frankfurt with over 25 years of excellence, focusing on mining, exploration, biotech and health care. In addition, he has listed over 600 companies on the Frankfurt Stock Exchange and is a speaker and author of several publications, including on rare earths and uranium.
Dallas Miller - Director
Dallas Miller has been working within the international mining industry for over 15 years, working with BHP and Santos Ltd. He has experience on the ground from an operational standpoint, as well as being an integral part of raising millions of dollars in capital funding for both private and public companies in recent years.
Roger Leschuk - VP Corporate Development
Roger Leschuk has been in corporate management for over two decades, with the past 15 years dedicated to corporate development and investor relations. He has experience participating in and assisting with mergers and acquisitions, and was an investment advisor for various services such as stocks, mutual funds and tax-sheltered investments. He is a Chartered Investment Manager and a Fellow of the Canadian Securities Institute.
Monty Sutton - CFO
Monty Sutton brings over 35 years of experience in public markets and corporate governance. He previously served as CFO for Nuclear Fuels from its IPO through its acquisition.
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