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    Home»Oil, Gas & Energy»Weekly Uranium Market Activity Report: August 26th
    Oil, Gas & Energy

    Weekly Uranium Market Activity Report: August 26th

    Alexander LeeBy Alexander LeeAugust 29, 2024Updated:August 29, 2024No Comments2 Mins Read
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    Kazatomprom, the leading global uranium producer, announced a revision of its 2025 production targets due to project delays and shortages of sulphuric acid. The company, accounting for a significant portion of the world’s uranium supply, has adjusted its goal for 2025 to a range of 25,000 to 26,500 tons, reflecting a 17% decrease.

    Regarding the current uranium spot price, it is reported to be at US$78.80 as of the latest update, a slight decline from the previous week’s value of $80.30. In the industry spotlight, Generation Uranium has expanded its presence in the Yathkyed Basin in Nunavut through the acquisition of the Yellow Frog and Pink Toad Uranium Projects. Meanwhile, Fission Uranium has progressed to the engineering phase at its PLS uranium project in Saskatchewan. Premier American Uranium has shared positive preliminary drill results from the Cyclone Rim Target at its Cyclone ISR Uranium Project in Wyoming’s Great Divide Basin.

    Looking ahead, stay informed about the latest developments in the uranium sector to anticipate upcoming headlines. For in-depth insights on the future of energy, explore Stockhouse’s Thematic Insights report. Engage in discussions on public companies and stock-related topics through Stockhouse’s stock forums and message boards.

    It is important to note that this content contains affiliate links for Interactive Brokers Group Inc., with Stockhouse receiving compensation for qualified leads. The information provided here is for informational purposes only and should not be considered as investment advice. Please refer to the full disclaimer information provided in the article for further details.

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    Alexander Lee
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    Alexander is the founder and author of Microcaps.ca, a leading resource for investors interested in the micro-cap stock market. With a passion for uncovering hidden gems in the world of small-cap stocks, Alexander combines in-depth research with years of experience in the financial markets to provide readers with valuable insights and timely analysis. Investors should conduct their own research or consult with a qualified investment advisor before making any investment decisions. The author of this article is not responsible for any gains or losses incurred from investing in companies mentioned.

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