- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
John Cash: Uranium Catalysts Building, All Systems Look Like Go
"All systems right now look like go, it looks like the price is going to be moving higher," said John Cash, CEO of uranium producer Ur-Energy.
As catalysts continue to build for uranium, the Investing News Network spoke with John Cash, CEO of Ur-Energy (TSX:URE,NYSEAMERICAN:URG), to get his thoughts on the market and the company's plans moving forward.
"All systems right now look like go. It looks like the price is going to be moving higher," he said. "I think consistently that's what the producers are predicting, (and) I think pretty reliably that's what the utilities are expecting as well. Certainly if you look at the major trade press as well, like UxC, they're looking at fairly significantly higher pricing going forward as well."
With this positive outlook at hand, Ur-Energy is progressing at its two flagship assets in Wyoming, US. The company is ramping up output at its Lost Creek operation, with production set to rise from 200,000 pounds this year to 600,000 pounds next year.
"I would like to convey that we've only got 600,000 pounds under contract. That's only about 25 percent of my plant capacity there at Lost Creek. So we've got a lot more room there to grow and layer in additional contracts," Cash noted.
Beyond that, the company could start to contract at Shirley Basin, its other key project. "It's fully permitted, but we haven't constructed it yet. But that can be done very quickly at a very low capital cost," he said.
Ur-Energy recently sold a parcel of uranium to the US government, but its main focus is doing deals with utilities companies. Activity among utilities is notoriously opaque, so Cash shed some light on the process. He explained that there are two markets that are developing: a global market and a western market that gets a premium.
"What we've seen in our contracting is we're not getting the spot price, we're not even getting the long-term price. We're getting a price that's above and beyond that," he said. "Utilities and nuclear companies around the world want that security of supply, and there's so much uncertainty in the world right now that they're willing to pay for that certainty."
Watch the interview above for more from Cash on Ur-Energy's plans and the uranium market.
Don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
- When Will Uranium Prices Go Up? (Updated 2023) ›
- Uranium Price 2022 Year-End Review ›
- Uranium Price Forecast: Top Trends That Will Affect Uranium in 2023 ›
With an eye for detail and over a decade of experience covering the mining and metals sector, Charlotte is passionate about bringing investors accurate and insightful information that can help them make informed decisions.
She leads the Investing News Network's video and event coverage, and guides a team of writers reporting on niche investment markets.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.Â
With an eye for detail and over a decade of experience covering the mining and metals sector, Charlotte is passionate about bringing investors accurate and insightful information that can help them make informed decisions.
She leads the Investing News Network's video and event coverage, and guides a team of writers reporting on niche investment markets.
Learn about our editorial policies.