NetworkNewsWire
Editorial Coverage: There’s plenty of prattle out there about
global warming and sustainable energy, most of which is unrealistic
and lacking in real-world achievability. As it stands now, the
world is aligned to fall demonstrably short of a unitary goal to
reach net zero emissions by 2050. Indeed, there are many noble
intentions underscoring proposals to curb CO2 emissions, but the
economic cost and technological challenges make it more platitude
than practical. Last month, the International Energy Agency ("IEA")
issued a comprehensive
and actionable plan to cap the global temperature rise to 1.5°C
by mid-century without upending energy stability, accessibility or
pricing. IEA covers it all and lays out how renewable energies in
combination with nuclear power will become the dominant energy
sources across the planet even amid a growing global population.
The transition is inevitable for the planet’s survival, and there
are ways to capitalize on this titanic transformation in the energy
sector. In the United States, Uranium Energy Corp. (NYSE
American: UEC) (Profile) is a leading player in
low-cost and environmentally friendly in-situ recovery
("ISR") mining of uranium, the essential element that fuels
nuclear energy. There are exchange-traded funds, namely iShares
S&P Global Clean Energy Index Fund (NASDAQ: ICLN)
and direct plays such as First
Solar Inc. (NASDAQ: FSLR) and Tesla
Inc. (NASDAQ: TSLA). For those preferring a different
approach to the EV space, a close look at top copper producer
Freeport-McMoRan Inc. (NYSE:
FCX) may be in order.
- Research indicates that more than 20% of all energy worldwide
will come from nuclear by 2050.
- Texas-based UEC is a pure-play American uranium company.
- UEC has the largest U.S. resource base of fully permitted and
low-cost ISR projects in Texas and Wyoming.
- UEC also owns or has contracted for 2.305 million pounds of
U.S. warehoused uranium and also has a large stake in Uranium
Royalty Corp.
Click here to view
the custom infographic of Uranium Energy Corp.
editorial.
IEA: Nuclear, Wind and Solar Primary Future Energy
Sources
IEA sees the pathway to net zero emissions in the next few
decades as “narrow” but completely possible with prioritized
actions that whittle down usage of fossil fuels. Investment, policy
action and international cooperation are all imperative to support
electrification and decarbonization, all while the global
population is expected to increase by another two billion
people.
Per the IEA road map, almost 70% of electricity will come from
renewable sources by 2050, and just over 20% will come from
nuclear. It is interesting to consider just how big of a bullish
influence the burgeoning EV market ultimately will have as the
global fleet
rises from 8.5 million in 2020 to 116 million by 2030. The
World Nuclear Association sees the need for 25 additional
nuclear reactors just to keep up with increased EV charging
demand.
Interest and Diversification
Against this backdrop, interest in uranium has been on the
climb, and shares of Uranium Energy
Corp. (NYSE American: UEC) have gained strong interest.
Texas-based UEC is a pure-play American uranium company with a
portfolio of ISR projects, including hub-and-spoke operations
anchored by its fully-licensed Hobson Processing Facility in Texas;
Reno Creek, the largest permitted pre-construction ISR uranium
project in America; and a pipeline of resource-stage uranium
projects in Arizona, Colorado (uranium/vanadium), New Mexico and
Paraguay.
UEC has also diversified its uranium asset base by adding a
large equity stake in Uranium Royalty Corp. and launching a program
where it is buying physical uranium stored in the United States.
With the projected demand for uranium, this should be like money in
the bank for UEC. Elsewhere, in Paraguay, the company controls the
Alto Parana project, one of the world’s highest-grade and largest
ferro-titanium deposits.
Use Money to Make Money
Uranium Energy acquired 15
million shares in Nasdaq- and TSX-listed Uranium Royalty Corp.,
giving UEC a sizable piece of a company currently valued at C$246
million and representing the only public uranium royalty company.
UEC bought its position in Uranium Royalty for a cost basis of
C$1.09 per share. Shares are currently at C$3.15.
As of April 30, 2021, its most recent quarter end, UEC owns or has
contracts for 2.305 million pounds of U.S. warehoused uranium
with delivery dates out to June 2023. During its quarterly
report this month, Uranium Energy said its physical uranium
inventory was worth $26.2 million. Based upon the total ownership
to be delivered over the next couple of years, the uranium would
have a market value nearing more than $49.3 million. With about
C$48 million in cash on hand, the physical uranium, and the
interest in Uranium Royalty, UEC management said total cash,
equity, and physical holdings came in at $123.4 million as of April
30, 2021.
UEC: America’s Emerging Uranium Producer
Nuclear energy is the second largest source of electricity and
the largest source of carbon-free power generation in the United
States. It’s recognized as a safe and reliable source that will be
integral in the energy mix for decades to come. Yet, despite
operating the largest fleet of nuclear reactors in the world, the
U.S. produces virtually zero uranium. This is going to change, with
the new Strategic Uranium Reserve program passed by Congress meant
to reduce the country’s reliance on uranium imports.
UEC plans to be at the epicenter in the shift to domestic
production, with its Palangana, Goliad, Burke Hollow and Reno Creek
projects all fully permitted. These are near-term production
projects with 32.6 million pounds in Measured & Indicated
resources and 11 million pounds of Inferred resources.
Cumulatively, the projects represent the largest U.S. resource base
of fully permitted and low-cost ISR projects in Texas and
Wyoming.
Also, of note is UEC’s state-of-the-art Hobson processing plant
with a capacity of 2 million pounds per annum. In total UEC’s
production profile is 4 million pounds of uranium production per
year. And, the company specializes in ISR mining, which is far more
environmentally friendly and typically lower cost compared to
traditional hard rock mining.
Stepping Outside Uranium
UEC is in an enviable position when it comes to uranium miners
in the U.S. with its production-ready and delivery-ready uranium
assets. That said, other companies are finding ways to gain
exposure to the worldwide push for fewer carbon emissions.
iShares
S&P Global Clean Energy Index Fund (NASDAQ: ICLN)
provides
exposure to companies around the world that produce energy from
solar, wind and other renewable sources. Even in the face of the
coronavirus pandemic, the IEA estimates that the world’s power
production capacity increased 280 gigawatts in 2020. Currently, the
ETF is comprised of 114 components, primarily equities with a
smaller mix of other cash-related assets, like forex trades.
First
Solar Inc. (NASDAQ: FSLR) is a prime example of the
mainstream adoption of solar energy systems. During the first
quarter, the Tempe, Arizona-based company reported net sales of
$803 million, up $194 million from the prior quarter, primarily due
to an increase in systems revenue driven by U.S. project sales.
This month, First Solar
said it is using existing cash resources to expand its
photovoltaic solar manufacturing capacity by 3.3 gigawatts with
construction of its third U.S. manufacturing facility in Lake
Township, Ohio.
Tesla
Inc. (NASDAQ: TSLA) is the brand synonymous with
electric vehicles. Elon Musk may have been a little optimistic with
his initial sales and delivery predictions years ago, but the
company is starting to roll now. In the first quarter, Tesla
produced just over 180,000 vehicles and delivered nearly 185,000
vehicles as it ramps towards full capacity. China is becoming a big
market, with the Tesla
trumpeting “strong reception” of the Model Y in the country
while the Model S and Model X have also been received
“exceptionally well.”
Freeport-McMoRan Inc. (NYSE: FCX)
isn’t a company that jumps immediately to mind when it comes to
EVs, but perhaps it should be. The miner is a top copper producer,
which is critical for battery-powered cars and trucks because they
use two to three times as much copper in their wiring than an
internal combustion engine. Freeport already produces more than 1
billion pounds of copper annually in the United States, for which
nearly every ounce goes to domestic demand. The Phoenix-based
company is expanding
production at several of its mines in response to surging
demand owed to electrification efforts to combat climate
change.
For years, lawmakers, climate advocates, and world leaders have
been talking about concerted efforts to lower emissions. There’s
little doubt that the IEA is right, diverting investment away from
fossil fuels now and into cleaner technologies will be the
inflection point that the energy sector and electrification markets
need to reach a lower carbon future, and the sustainability of the
planet may well depend on it.
For more information about Uranium Energy Corp (NYSE
American: UEC), please visit Uranium Energy
Corp.
About NetworkNewsWire
NetworkNewsWire
(“NNW”) is a financial news and content distribution company, one
of 50+ brands within the InvestorBrandNetwork (“IBN”), that
provides: (1) access to a network of wire
solutions via InvestorWire to
reach all target markets, industries and demographics in the most
effective manner possible; (2) article and
editorial syndication to 5,000+ news outlets; (3)
enhanced press release solutions to ensure maximum
impact; (4) social media distribution via IBN
millions of social media followers; and (5) a full
array of corporate communications solutions. As a multifaceted
organization with an extensive team of contributing journalists and
writers, NNW is uniquely positioned to best serve private and
public companies that desire to reach a wide audience comprising
investors, consumers, journalists and the general public. By
cutting through the overload of information in today’s market, NNW
brings its clients unparalleled visibility, recognition and brand
awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text
“STOCKS” to 77948 (U.S. Mobile Phones Only)
For more information, please visit https://www.NetworkNewsWire.com
Please see full terms of use and disclaimers on the
NetworkNewsWire website applicable to all content provided by NNW,
wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
NetworkNewsWire is part of the InvestorBrandNetwork
DISCLAIMER: NetworkNewsWire (NNW) is the source of the Article
and content set forth above. References to any issuer other than
the profiled issuer are intended solely to identify industry
participants and do not constitute an endorsement of any issuer and
do not constitute a comparison to the profiled issuer. The
commentary, views and opinions expressed in this release by NNW are
solely those of NNW. Readers of this Article and content agree that
they cannot and will not seek to hold liable NNW for any investment
decisions by their readers or subscribers. NNW is a news
dissemination and financial marketing solutions provider and are
NOT registered broker-dealers/analysts/investment advisers, hold no
investment licenses and may NOT sell, offer to sell or offer to buy
any security.
The Article and content related to the profiled company
represent the personal and subjective views of the Author, and are
subject to change at any time without notice. The information
provided in the Article and the content has been obtained from
sources which the Author believes to be reliable. However, the
Author has not independently verified or otherwise investigated all
such information. None of the Author, NNW, or any of their
respective affiliates, guarantee the accuracy or completeness of
any such information. This Article and content are not, and should
not be regarded as investment advice or as a recommendation
regarding any particular security or course of action; readers are
strongly urged to speak with their own investment advisor and
review all of the profiled issuer’s filings made with the
Securities and Exchange Commission before making any investment
decisions and should understand the risks associated with an
investment in the profiled issuer’s securities, including, but not
limited to, the complete loss of your investment.
NNW HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains “forward-looking statements” within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E the Securities Exchange Act of 1934, as amended and
such forward-looking statements are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. “Forward-looking statements” describe future expectations,
plans, results, or strategies and are generally preceded by words
such as “may”, “future”, “plan” or “planned”, “will” or “should”,
“expected,” “anticipates”, “draft”, “eventually” or “projected”.
You are cautioned that such statements are subject to a multitude
of risks and uncertainties that could cause future circumstances,
events, or results to differ materially from those projected in the
forward-looking statements, including the risks that actual results
may differ materially from those projected in the forward-looking
statements as a result of various factors, and other risks
identified in a company’s annual report on Form 10-K or 10-KSB and
other filings made by such company with the Securities and Exchange
Commission. You should consider these factors in evaluating the
forward-looking statements included herein, and not place undue
reliance on such statements. The forward-looking statements in this
release are made as of the date hereof and NNW undertakes no
obligation to update such statements.
Source:
NetworkNewsWire
Contact:
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
iShares Global Clean Ene... (NASDAQ:ICLN)
Historical Stock Chart
From Jan 2025 to Feb 2025
iShares Global Clean Ene... (NASDAQ:ICLN)
Historical Stock Chart
From Feb 2024 to Feb 2025
