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.
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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.”
U3O8 Corp reports that geophysical test work showed that electrical tomography (“ET”) proved successful as a means of delineating channels at the base of the gravel layer in its Laguna Salada Deposit (“Deposit” or “Project”) in Argentina. Gravel-filled channels contain generally higher uranium-vanadium grades and this test work proved that ET can be used to detect the location and depth of channels beneath younger cover.
U3O8 Corp reports that a trial has commenced to test the effectiveness of geophysics to detect channels at the base of the gravel layer at its Laguna Salada Deposit in Argentina. Exploration elsewhere on the Property has shown that channels contain higher-grade uranium-vanadium mineralization that could further improve the positive economics of the Deposit.
In 2017, Argentina committed to the construction of its 4th and 5th large nuclear power plants and is on schedule with refurbishment related with the life-extension and up-rating of the Embalse nuclear plant. Construction of the CAREM 25 small modular reactor (“SMR”) – one of only three SMRs under construction around the world – is reported to be progressing well.
Latest Press Releases
- Positive Beneficiation Test Results from the Channel Sands in U3O8 Corp.’s Laguna Salada Uranium-Vanadium DepositJune 27, 2018 - 8:00 am
- U3O8 Corp. Announces Results of Annual & Special Shareholder MeetingJune 26, 2018 - 9:35 am
- Geophysical Test Work Proves Highly Successful on U3O8 Corp’s Laguna Salada Uranium-Vanadium DepositMay 31, 2018 - 8:00 am
- U3O8 Corp. Makes Clarification to Press Release Issued on January 30, 2018January 31, 2018 - 1:52 pm