A Stronger Uranium Market as Cycle Takes an Upward Swing, Purepoint Uranium CEO Says
“You've got to be in business to stay in business. … And you've got to make sure that your ability to ride the ups and the downs is solid in there. I think Purepoint has been very successful in that,” said Purepoint Uranium President and CEO Chris Frostad.
Purepoint Uranium (TSXV:PTU,OTCQB:PTUUF) President and CEO Chris Frostad is optimistic that there will be a stronger uranium market in the next six to 12 months reminiscent of how it was three years ago, at which time more contracts will be written.
“You're looking at a real resurgence in nuclear energy in general, worldwide. It's really come back strong as a source of green energy, much more so than it was viewed as 10 (or) 15 years ago,” he said.
“A lot more reactors are being built so that we've seen that demand side really, really start to pump up. As far as the markets are concerned — as far as people who follow uranium and believe that we're about to move back into a time of upward swing — I think based on that, we see a real supply/demand shift happening," Frostad said. "And hopefully, it'll happen quickly."
Amid the cyclical nature of the uranium space, Frostad explained, Purepoint has maintained its position through projects that have real prospectivity, among other elements that come into play. “We've got a much larger portfolio of projects at various stages of advancement; therefore, we always have things moving forward."
As for how his company has handled the uranium market, Frostad explained, “I think you've got to be in business to stay in business. You've got to be able to ride the wave, ride the ups and the downs and make sure that your ability to ride the ups and the downs is solid. I think Purepoint has been very successful in that.”
Watch the full interview with Purepoint Uranium President and CEO Chris Frostad above.
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