2023-08-28 15:55:00 ET
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."
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A Stronger Uranium Market as Cycle Takes an Upward Swing, Purepoint Uranium CEO Says