- Bi-partisan support seen in U.S.; Democratic party supports nuclear energy for first time in 48 years – nuclear power included in Biden’s Clean Energy Standard
- Nuclear energy is projected to increase worldwide to combat climate change
- UEC utilizes in-situ recovery (“ISR”) technology at its fully licensed projects, including Palangana, Burke Hollow, Goliad, Reno Creek
- UEC controls of one of largest historical uranium exploration, development databases in United States
- Largest resource base of fully permitted ISR projects of any U.S. based producer
- Over $110 Million in Cash, Equity and Inventory Holdings as of April 9, 2021
The U.S. Democratic Party changed its stance on nuclear energy for the first time in nearly fifty years through a party platform supporting existing and advanced nuclear and other zero-carbon technologies (https://ibn.fm/BUFwj). Nuclear energy is included in Biden’s Clean Energy Standard Policy development to address climate change with decarbonization of the electricity industry (https://ibn.fm/HUmQw).
As interest in nuclear projects increases worldwide, Uranium Energy (NYSE American: UEC), a U.S.-based uranium mining and exploration company, is positioned to benefit from increased demand for uranium through its low cost, environmentally friendly in-situ recovery (“ISR”) projects. The ISR technology is known for being a more low-cost, environmentally benign method of uranium mining than conventional technology. UEC’s fully licensed projects include their Palangana, Burke Hollow, Goliad and Reno Creek ISR projects as well as their state-of-the-art Hobson Processing plant.
The new Democratic position marks the first time the party went on record supporting nuclear energy since the Nixon administration in 1972. Analysts following the issue believe the policy change is good news for the nuclear energy sector and advocates concerned about climate change. Other groups that welcome the change include opponents of the new renewable energy platform, concerned that excessive deployment of wind and solar capacity threatens massive tracts of land and drives up electricity costs for low- and middle-income consumers.
“What changed the Democrats’ stance on nuclear? I cannot claim any special knowledge about the drafting of the platform,” wrote Forbes contributor Robert Bryce in a recent article. “It appears that science and basic math finally won out. While vying for their party’s nomination, several Democratic presidential hopefuls endorsed nuclear energy. In addition, the new Administration’s energy plan included a shout-out to nuclear.”
Bi-partisan support for nuclear bodes well for industry innovators like Uranium Energy. UEC has used and will be using ISR technology at its fully licensed projects. The company’s resource base of fully permitted ISR projects is the largest of any U.S. based producer. These projects and the green technology they utilize have situated the company to capitalize on the world’s demand for more uranium and carbon-free energy.
Increased interest in nuclear energy has helped send uranium stocks on a rebound after a downturn that has spanned many years. UEC stock is up roughly 76% year-to-date. UEC develops and controls one of the U.S.’s largest historical uranium exploration and development databases with properties in Arizona, Texas, Wyoming, New Mexico and Colorado, in addition to projects in Paraguay and Canada. Historical exploration data has enabled the company to identify and acquire properties pre-developed by prominent energy firms, positioning UEC to profitably capitalize on rising global demand for uranium and carbon-free energy.
For more information, visit the company’s website at www.UraniumEnergy.com.
NOTE TO INVESTORS: The latest news and updates relating to UEC are available in the company’s newsroom https://ibn.fm/UEC
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