In the USA, the Senate has passed a ban on the import of Russian uranium.

This law was adopted unanimously. 90 days after coming into force, there will be no more uranium imports from Russia, although there are still exceptions until January 2028. Possible exemptions relate to export limits established between the Department of Commerce and Russia in an anti-dumping agreement. Without these exemptions, the spot price of enrichment could rise by an estimated 20 percent. If Russia reacts with an export ban, the exemptions would no longer apply.

This news immediately led to a surge in North American uranium mining shares. After all, around a quarter of enriched uranium comes to the USA from Russia. It would therefore come as no surprise if the cost of enriched uranium and the uranium companies were to rise in value. The dollars saved by the USA should be used for the domestic uranium industry. After all, supplying the American nuclear reactors is in the interests of national security and the economic interests of the United States. The USA had already banned the import of Russian oil. The recently passed Nuclear Fuel Security Act and the new law will give the US uranium industry a boost. The uranium companies are naturally pleased about the positive fundamental data regarding the uranium industry.

Uranium Energyhttps://www.commodity-tv.com/ondemand/companies/profil/uranium-energy-corp/ – with its uranium projects in the USA and Canada is certainly at the forefront of this. Uranium Energy is pushing ahead with the uranium project in Wyoming in terms of resuming production, as is a project in South Texas.

Another well-positioned uranium company is Cosa Resourceshttps://www.commodity-tv.com/ondemand/companies/profil/cosa-resources-corp/ – with its uranium projects in the Athabasca Basin in Saskatchewan, Canada.

Current company information and press releases from Uranium Energy (- https://www.resource-capital.ch/en/companies/uranium-energy-corp/ -) and Cosa Resources (- https://www.resource-capital.ch/en/companies/cosa-resources-corp/ -)

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 – 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/.

Firmenkontakt und Herausgeber der Meldung:

Swiss Resource Capital AG
Poststrasse 1
CH9100 Herisau
Telefon: +41 (71) 354-8501
Telefax: +41 (71) 560-4271
http://www.resource-capital.ch

Ansprechpartner:
Jörg Schulte
Telefon: +49 (2983) 974041
E-Mail: info@js-research.de
Für die oben stehende Story ist allein der jeweils angegebene Herausgeber (siehe Firmenkontakt oben) verantwortlich. Dieser ist in der Regel auch Urheber des Pressetextes, sowie der angehängten Bild-, Ton-, Video-, Medien- und Informationsmaterialien. Die United News Network GmbH übernimmt keine Haftung für die Korrektheit oder Vollständigkeit der dargestellten Meldung. Auch bei Übertragungsfehlern oder anderen Störungen haftet sie nur im Fall von Vorsatz oder grober Fahrlässigkeit. Die Nutzung von hier archivierten Informationen zur Eigeninformation und redaktionellen Weiterverarbeitung ist in der Regel kostenfrei. Bitte klären Sie vor einer Weiterverwendung urheberrechtliche Fragen mit dem angegebenen Herausgeber. Eine systematische Speicherung dieser Daten sowie die Verwendung auch von Teilen dieses Datenbankwerks sind nur mit schriftlicher Genehmigung durch die United News Network GmbH gestattet.

counterpixel