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Uranium Price Surge Prompts Investor Attention to Uranium Exploration, North Shore Uranium CEO Says
“One of the big things the increase in prices has done is it's grabbed the attention of a lot of people … because it's quite dramatic. And then some want to start looking deeper into the sector,” said North Shore Uranium CEO Brooke Clements.
The surge in uranium prices in recent months has given rise to investor interest in uranium exploration and mining, according to North Shore Uranium (TSXV:NSU) CEO Brooke Clements.
“People (are) grabbed by the price because it's quite dramatic. And then some want to start looking deeper into the sector. And really, the increased attention has lit a fire under the uranium exploration and mining sector, starting with producers like Cameco (TSX:CCO,NYSE:CCJ), whose stock has gone up over 50 percent,” Clements said.
“I think that's a trend that's going to continue, with more capital being available to exploration companies. And that capital allows the exploration companies to do their programs and it allows companies like us to get started and get focused on the uranium sector," he added.
North Shore Uranium has two properties at the eastern margin of the Athabasca Basin, where Clements believes there is excellent potential to make a significant uranium discovery.
Watch the full interview with North Shore Uranium CEO Brooke Clements above.
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