Uranium Stocks Have Gone Nuclear, Here's How To Play It
October 24, 2021
An interview of Uranium Royalty Corp. with Kitco News at the New Orleans Investment Conference 2021
Nuclear energy is seeing a major comeback with the demand for uranium stocks soaring, said Scott Melbye, Executive VP of Uranium Energy Corp. and Uranium Royalty Corp CEO.
"Demand for uranium and nuclear generation has responded back to pre-Fukushima levels. We've seen 57 new reactors come online around the world," Melbye told Michelle Makori, editor-in-chief of Kitco News.
Uranium is currently trading around $45, and due to this year's "mega-trend," it has the potential to go towards $100.
"In my 37 years in this industry, I haven't seen society really facing this kind of a conundrum. Policymakers and society, in general, want to move to cleaner carbon-free energy, but the math and science haven't exactly added up on how we get there," Melbye said.