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Swiss Resource Capital AG Poststrasse 1 9100 Herisau, Switzerland http://www.resource-capital.ch
Contact Mr Jörg Schulte +49 2983 974041

A new era of uranium production begins in the Athabasca Basin

Geopolitical tensions are rising, as is the demand for uranium. The Athabasca Basin in Saskatchewan plays a major role.

(PresseBox) (Herisau, )
With the climate goals - more clean air - the need for uranium is also increasing. The Athabasca Basin is a cornerstone for the uranium supply of the West and for the national security of the USA. The uranium content there in Canada is up to a hundred times higher than the average uranium mined elsewhere in the world. Around 20 percent of the global uranium supply currently comes from the Athabasca Basin. The area covers around 100,000 square kilometers and uranium has been produced there for more than 70 years.

The West is massively expanding nuclear energy, electric vehicles, artificial intelligence and data centers need to be supplied with electricity, and then there are the net-zero targets. In 2009, Kazakhstan became the largest supplier of uranium in the world. In 2020, Australia took second place. In 2022, Canada became the world's second largest uranium producer, thanks to the Athabasca Basin. It is home to the largest and second largest uranium mine in the world. The Athabasca Basin is so important for the western supply of uranium because there are some uncertainties with the supplier Kazakhstan.

On the one hand, uranium production there is declining and, on the other, long-term supply contracts often favor Russia and China. This is because Kazakhstan is heavily dependent on Russia for uranium enrichment and processing. Australia also produces a lot of uranium, but uranium mining is not permitted in many parts of the country. Even if undeveloped high-grade uranium deposits in Australia, which are being discussed, are approved, it will take ten to 15 years before new mines are developed.

One company with several uranium projects in the Athabasca Basin is Cosa Resources - https://www.commodity-tv.com/ondemand/companies/profil/cosa-resources-corp/ -. This involves around 237,000 hectares of land, with the projects located within or adjacent to uranium corridors

For investors who are more interested in the large portfolio of a royalty company, Uranium Royalty - https://www.commodity-tv.com/ondemand/companies/profil/uranium-royalty-corp/ -, the only royalty company in the uranium sector, could be considered. Two recently added royalty companies are located in Saskatchewan.

Current company information and press releases from Uranium Royalty (- https://www.resource-capital.ch/en/companies/uranium-royalty-corp/ -) and Cosa Resources (- https://www.resource-capital.ch/en/companies/cosa-resources-corp/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.