Global changes are driving migration to geopolitically stable uranium producers
A sponsored commentary from emerging markets
ORLANDO, September 08, 2022 (GLOBE NEWSWIRE) — We recently published a Emerging Markets Report related to uranium developer Laramide Resources Ltd. (TSX: LAM) (ASX: LAM) (OTCQX: LMRXF), which owns diversified uranium assets strategically positioned in the United States and Australia.
We argued at the time that due to the conflict in Ukraine, Laramide might be well positioned. Here’s an excerpt from the report:
“We believe that a major change is now imminent and that it may be more important than anticipated for US producers and exploration companies. Investors in US-based uranium exploration companies such as Laramide, which three future US uranium mines— should follow the news to see how a new bill from the Biden administration could change the landscape for US-based uranium production. For the record, the status of each Laramide asset varies, so visit the linked page to see where they are on the path to production.
On August 16, 2022, President Joe Biden signed into law, creating a catalyst for the domestic uranium market.
Immediately, experts and investors renewed their interest in domestic production.
This story in particular stands out. Here’s the headline and a link to the column:
“The United States must produce more uranium”
The article makes clear arguments for production in the US, efficiently pointing out the risks to the top uranium producer in Kazakhstan, the reduction in production in Germany and more. It’s worth a read if you’re looking at this market or stocks tethered to uranium.
All this is very good news for Laramide Resources, which has had uranium properties in the United States for some time and Australia. A simple search of his website confirms that.