Power Mag reported that Russia has developed a plan to expand its nuclear power capacity, potentially adding up to 34 new reactors by 2042. This plan, published by the Unified Energy System of Russia, aims to increase the country’s nuclear power share from 18.9% to 23.5% by 2042.
Regarding uranium stocks, the current spot price is at US$79.40 per pound as per Business Insider.
In the spotlight are companies like Cosa Resources, which has initiated drilling at its Ursa Uranium Project in the Athabasca Basin, and Skyharbour Resources, which has also commenced drilling at its Moore Uranium Project. Tisdale Clean Energy has amended its option agreement with Skyharbour Resources for the South Falcon East uranium project in the Athabasca Basin.
For further insights, you can refer to Stockhouse’s Thematic Insights report on “The Future of Energy.” Please note that this content contains affiliate links and should not be considered as investment advice.
