What the heck is ISR mining you ask? ISR uranium mining stands for ‘in situ recovery’ which is a fancy term to describe a method of uranium extraction. enCore Energy (EU.V) Market Cap ~ $565 millionĮnCore energy is a diversified US domestic uranium developer focused on becoming a leading ISR uranium producer. Here are a few company set ups I am watching. For investors, this means acquiring positions in companies to play for the next leg up. In fact, many uranium plays both major and minor, are showing the same retest structure. I would be watching for prices to remain above $18.00 in order to resume the uptrend.Ĭameco is the major uranium producer in Canada and the chart is also showing signs of a pullback. Support is never just one number, but a zone. The chart structure is the same, and right now, we are looking for that retest of the breakout zone, just like spot uranium. The Sprott Uranium Trust (ticker: U.UN) is the chart I bring up on all my uranium articles as it is perhaps the best way to play spot uranium. If so, there is a ton of room to the upside. And remember, we could very well break above this. On the longer term monthly chart, we still have some room to the upside before we test our resistance zone at around $72.50. Bulls are hoping to see a nice wall of buyers there holding the line. On the daily chart, this pullback could take us down to $60 again which would act as support. A possible pullback, or retracement, before the resumption of the uptrend. And now, we just expect typical breakout price action. Uranium broke out above $60 printing new highs for 2022 at $64.50. The breakout we were watching for also occurred. Nuclear energy being the best clean energy source is still something extremely bullish for spot uranium. In that article, I mentioned a few fundamental things which haven’t changed. A lot of the information will be relevant to understand the grasp Russia has on multiple energy and commodity sources.Įarlier this month, I spoke about the resumption of the Uranium uptrend. I digress, but you should read Marin Katusa’s “ The Colder War” for more details. Somebody might need to tell them that Russia still plays a large part in enriching Uranium and building modern day nuclear power plants. Some are saying these nations will need to reactivate their nuclear power plants, and in fact, invest more in nuclear energy. Commodities remain the place to be for the inflation trade, and uranium has many other fundamentals backing it that are not only supply chain related.Įnergy is going to be a big topic in Europe as nations such as Germany and France attempt to disconnect from Russia. Gallo begins to build $423M S.C.Uranium prices are pulling back after posting new highs for 2022. The Marietta Daily Journal (Ga.) (6/16)Į. ![]() Strategic Materials has agreed to place a glass collection bin in Milton's Bell Memorial Park and collect the glass at no charge. city thanks to 2 teensĮlla Katekovich and Jeslyn Guo are high school students in Milton, Ga., who spearheaded the return of glass recycling to their community by reaching out to Strategic Materials. The new design is a result of consumer feedback and encourages consumers to reuse the jars, according to Mirco Bastiani, head of marketing at Odenwald parent company Andros. WCTI-TV (N.C.) (6/17)Īrdagh Group has released redesigned jars for Germany-based Odenwald fruit sauces that feature a wider opening, bowl-like shape and embossed elements that allow for less product waste and an easier grasp. The recently introduced bill has bipartisan support and aims to grant the Federal Energy Regulatory Commission the authority to demand a refund for consumers if an interstate natural gas provider has overcharged them. The Glass Packaging Institute has joined several other industry organizations in supporting North Carolina's Protecting Natural Gas Consumers from Overcharges Act. GPI supports natural gas refund proposal in N.C.
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