The Prospector News Publisher, Michael Fox talks with Uranium Producers of America’s President Scott Melbye as we outline positive changes in the Uranium Markets.
First the Canadian Government has come onboard nuclear energy recognizing the “New Green Economy” with Nuclear Power. Given the Athabaska Region in Northern Saskatchewan being known as the Saudi Arabia or Uranium, and the Province of Ontario being a World reactor leader. The Canadian Government has realized THAT Canada can lead the World in developing this Green Electricity.
The Ontario Power Corporation has embraced the Federal Gov’t lead and is pushing for the use of Modular reactors to replace the aging reactor infrastructure. It also is embracing the use of Micro reactors in the more remote regions of the province.
We further discuss the cooperation between the US and Canadian Governments to jump start the nuclear industry in North America, Further discussion was had as to the price points to bring “Care and Maintenance” shuttered mines back online and the time lag needed to do so. We also discuss the effect this will have on the overall shortfall of supply into the future. It is expected we will see a supply crunch by the year 2024.
Finally we discussed the take over of Westinghouse Power by Canadian Miner Cameco and its “Bullish” signal to the rest of the industry. We talk about how vertical integration of reactors and mines could possible work.
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We acknowledge the [financial] support of the Government of Canada.