In The News
U3O8 Corp' archive for news, regulatory filings, media mentions, and articles.
As China and India change their building codes so the buildings can withstand earthquakes, the amount of vanadium that goes into the rebar increases. The steel industry has been growing at about 3.8% over the last 10 years. Vanadium in that steel is growing at about 8% because they need more vanadium and it is being dictated that they have to use more vanadium in building steel. That is over 90%. There is also vanadium going into titanium alloys for the aerospace industry and that is huge. But, the most exciting component of the vanadium space is vanadium redox battery.” States Dr. Richard Spencer, CEO, President and Director of U3O8 Corp. (TSX: UWE | OTCQB: UWEFF), in an interview with InvestorIntel Corp. CEO Tracy Weslosky.
Dr. Richard Spencer was interviewed by InvestorIntel to discuss the changing tides in global uranium markets. The interview is now live, below is a short but telling excerpt…
“The uptick has been in the last couple of weeks. There is a certain excitement in the market. It started late last year with Cameco and the Kazaks taking almost 15% of world production off the market. Since then there have been a couple of other transactions that have taken about 30% of uranium supply off the market. The market is just starting to react. For the first time we are starting to see an uptick in the uranium price that I think is going to be sustainable.”
On June 22nd, 2018 Matthew Bohlsen of InvestorIntel.com published an original column on U3O8 Corp titled The vanadium advantage in U3O8’s pathway to uranium production in which he states, “U3O8 Corp. has a wise strategy that investors can benefit from. That is, they plan to bring on their low CapEx Laguna Salada project first, as this is the easiest to achieve (provided uranium spot prices are above USD 22/lb). Once achieved, they can use surplus cash flow to help fund their larger CapEx low running cost Berlin Project in Colombia. This project has a zero dollar cost of production due to a large amount of valuable by-product credits. This will mean once operational it will be extremely profitable.”
2017 was an extraordinary year for the uranium industry: against a backdrop of steadily increasing nuclear energy generation and uranium demand, the world’s largest and lowest-cost producers cut output to essentially eliminate the oversupply that has dogged the uranium market since the Fukushima meltdown almost seven years ago. Underscoring the fact that today’s uranium prices are too low for profitable production, the State-run uranium producer in Kazakhstan, that produces 40% of the world’s uranium and is the world’s lowest-cost producer, has set up a trading arm that will allow its uranium to be sold at higher prices.
Latest Press Releases
- U3O8 Corp. Announces Results of Annual General Shareholder MeetingJune 26, 2019 - 10:27 am
- U3O8 Corp.’s Test Work Simplifies Proposed Uranium-Vanadium Extraction from its Laguna Salada DepositMarch 22, 2019 - 7:15 am
- U3O8 Corp. Reports a 23% Improvement in Vanadium Extraction Over the 2014 Preliminary Economic Assessment on its Laguna Salada Uranium-Vanadium DepositDecember 6, 2018 - 8:20 am
- U3O8 Corp. Announces Closing of Up-sized Non-Brokered Private Placement, Securities for Debt Transaction and Amendments to Warrant TermsOctober 22, 2018 - 9:15 am