Uranium is a substance from nature

Uranium is found in the oceans and in the earth’s crust, in rocks all over the earth, even humans contain tiny traces of uranium. And uranium is about as common as tin or tungsten in nature. Uranium for nuclear power plants is the stuff of climate goals and sustainability. If you look at volume, only a small fraction of the uranium is needed in a reactor compared to a coal-fired power plant. The confluence of climate change and the energy crisis highlights the need for clean, safe and reliable energy sources. Nuclear power can help achieve net-zero targets and energy security.

Uranium has two isotopes, uranium-238 and uranium-235. Most of the uranium in the world is uranium-238, but this cannot cause a fission reaction. Uranium-235 is different, although it accounts for less than one percent of global uranium. For this reason, uranium-235 is subjected to a process known as uranium enrichment. It can then be used as nuclear fuel in nuclear power plants for several years. As the climate crisis worsens, attitudes toward nuclear energy are changing. Over the past five decades, nuclear power has avoided about 70 gigatons of carbon dioxide. More than 400 reactors worldwide produce about a quarter of the planet’s low-carbon energy. Research is underway to extract uranium from seawater, but the economics here are still lacking. Most uranium came from Kazakhstan in 2021, then Namibia, Canada and Australia.

Consolidated Uranium – https://www.commodity-tv.com/play/mining-newsflash-with-consolidated-uranium-fury-gold-mines-caledonia-mining-and-uranium-energy/ – is in the uranium business in Canada, Australia and Argentina. Other previously producing uranium and vanadium mines in Colorado and Utah are still to come.

The well-known Athabasca Basin in Saskatchewan is home to IsoEnergy, for example. In the company’s Laroque East project, the hurricane zone in particular provides a uranium highlight.

Current corporate information and press releases from IsoEnergy (- https://www.resource-capital.ch/en/companies/iso-energy-ltd/ -) and Consolidated Uranium (- https://www.resource-capital.ch/en/companies/consolidated-uranium-inc/ -).

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