CSE : GXP
FRA : HW3

MARKET

Market

Rising demand, depleting supply

RISING DEMAND, DEPLETING SUPPLY​

WNA Uranium Supply Demand Upper Scenario Bar Chart
WNA Uranium Supply Demand Upper Scenario Bar Chart

primary supply yet to recover from 10-year bear market

Uranium's generational Supply challenge

  • Producing mines left with depleted reserves, grades
  •  Expansion projects require major capex
  • Few advanced development-stage projects
  • Greatly reduced secondary supply
  • Incentive price for new production upwards of USD $90/lb

Unprecedented Ongoing Geopolitical Risk To Uranium Supply

  • 40% global supply from Kazakhstan (borders Russia, Ukraine)
  • 8% global supply from Russia (war with Ukraine, economic war with the West)
Global Uranium Pie Chart

primary supply yet to recover from 10-year bear market

Uranium's generational Supply challenge

  • Producing mines left with depleted reserves, grades
  • Expansion projects require major capex
  • Few advanced development-stage projects
  • Greatly reduced secondary supply
  • Incentive price for new production upwards of USD $90/lb

Unprecedented Ongoing Geopolitical Risk To Uranium Supply

  • 40% global supply from Kazakhstan (borders Russia, Ukraine)
  • 8% global supply from Russia (war with Ukraine, economic war with the West)
Global Uranium Pie Chart
click to enlarge

Canada’s Uranium Market

JURISDICTION

Stable, supportive government and communities, skilled workforce and established infrastructure. Straightforward permitting.

THE HIGHEST GRADE

Canadian uranium mines are known for the highest grades in the world, up to 100x greater than the world average.

THELON BASIN

Similar to the Athabasca Basin, hosting multiple unconformity-type deposits.

GLOBAL SUPPLIER

Canada is the world’s second largest producer of uranium, accounting for roughly 13% of total global output.

TOP-RATED

Saskatchewan & Nunavut are top tier unconformity Basins and two of only a few in the world. 

THE PREMIER

HIGH-GRADE URANIUM DISTRICT

Canada’s Uranium Market

JURISDICTION

Stable, supportive government and communities, skilled workforce and established infrastructure. Straightforward permitting.

THE HIGHEST GRADE

Canadian uranium mines are known for the highest grades in the world, up to 100x greater than the world average.

THELON BASIN

Similar to the Athabasca Basin, hosting multiple unconformity-type deposits.

GLOBAL SUPPLIER

Canada is the world’s second largest producer of uranium, accounting for roughly 13% of total global output.

TOP-RATED

Saskatchewan & Nunavut are top tier unconformity Basins and two of only a few in the world. 

Nuclear is ideal for dealing with climate change, because it is already the only carbon-free, scalable energy source that’s available 24 hours a day.

Bill Gates

Climate change, energy security, and energy affordability have led to a significant increase in demand and new investments in nuclear energy.

Uranium Supply Will Need To At Least Double In This Timeline To Meet The Growing Needs. ​

The energy transition, geopolitics, and energy security have fundament- ally altered the trajectory of nuclear energy & the uranium market.

WHY URANIUM?

NUCLEAR'S ROLE IN THE ENERGY TRANSITION

NUCLEAR'S ROLE IN THE ENERGY TRANSITION

Nuclear energy has the lowest carbon footprint for power generation compared to any other source and is the most reliable option for carbon-free baseload electricity generation.

Nuclear energy has the lowest carbon footprint for power generation compared to any other source and is the most reliable option for carbon-free baseload electricity generation.

Nuclear comparison to other energy types data chart

WHY URANIUM?

NUCLEAR'S ROLE IN THE ENERGY TRANSITION

Nuclear energy has the lowest carbon footprint for power generation compared to any other source and is the most reliable option for carbon-free baseload electricity generation.

Nuclear comparison to other energy types data chart

The energy sector is responsible for more than 75% of global emission. Now, more than ever, decarbonizing is vital to tackling climate change.

60% of US electricity and 80% globally was generated last year by burning coal, natural gas, or petroleum.

Around 55 Gt of CO2 was avoided globally between 1971 and 2020 as a result of ~410 nuclear reactors.

Without the contribution of nuclear power, total emissions from electricity generation would have been almost 20% higher and total energy-related emissions 6% higher over that period.

energy equivalence to uranium pellet