Elevate Uranium (ASX:EL8) Managing Director and CEO Murray Hill expects the market momentum for uranium to continue, providing a significant opportunity for investors to join the uranium space.
“The whole sentiment towards nuclear (power) has changed around the world,” Hill said as he discussed bullish factors for the metal. ‘We’re seeing the lives of reactors being extended. We’re seeing governments pushing their own pathway to nuclear, and uranium is the feed source for nuclear. The uranium price is moving strongly, (and) it’s got a long way to go.’
Because of this, Hill said he believes the uranium price will be sustained above US$100 per pound for a long time, and that price point will incentivize production. “It makes capital easier for us explorers, and we can get on our job of exploring and then moving down the path of development and production. So it is a very exciting time, an exciting time for investors too.”
Watch the full interview with Elevate Uranium Managing Director and CEO Murray Hill above.
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