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.

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.