Uranium prices had remained low for more than a decade, following Japan’s Fukushima Daiichi nuclear power plant accident in 2011, which sparked a sharp decline in the demand for nuclear energy. However, over the past few months we have witnessed a rapid turn of fortunes in the price of uranium over a short period of time. Uranium is currently trading at $50/lb, which is a 170% increase in less than 36 months. So, what is driving this price increase, and what does it mean for our country?
Deep Yellow Limited with its wholly-owned subsidiary, Reptile Mineral Resources and Exploration (Pty) Ltd (RMR) is committed to supporting the local community and was pleased to formally complete some recent projects. In response to community needs RMR handed over medical equipment, scholarships and educational tools to Erongo-based organisations collectively valued at N$191,000. The Company responded […]