A new era of uranium production begins in the Athabasca Basin

The West is massively expanding nuclear energy, electric vehicles, artificial intelligence and data centers need to be supplied with electricity, and then there are the net-zero targets. In 2009, Kazakhstan became the largest supplier of uranium in the world. In 2020, Australia took second place. In 2022, Canada became the world’s second largest uranium producer, thanks to the Athabasca Basin. It is home to the largest and second largest uranium mine in the world. The Athabasca Basin is so important for the western supply of uranium because there are some uncertainties with the supplier Kazakhstan.

On the one hand, uranium production there is declining and, on the other, long-term supply contracts often favor Russia and China. This is because Kazakhstan is heavily dependent on Russia for uranium enrichment and processing. Australia also produces a lot of uranium, but uranium mining is not permitted in many parts of the country. Even if undeveloped high-grade uranium deposits in Australia, which are being discussed, are approved, it will take ten to 15 years before new mines are developed.

One company with several uranium projects in the Athabasca Basin is Cosa Resources – https://www.commodity-tv.com/ondemand/companies/profil/cosa-resources-corp/ -. This involves around 237,000 hectares of land, with the projects located within or adjacent to uranium corridors

For investors who are more interested in the large portfolio of a royalty company, Uranium Royalty – https://www.commodity-tv.com/ondemand/companies/profil/uranium-royalty-corp/ -, the only royalty company in the uranium sector, could be considered. Two recently added royalty companies are located in Saskatchewan.

Current company information and press releases from Uranium Royalty (- https://www.resource-capital.ch/en/companies/uranium-royalty-corp/ -) and Cosa Resources (- https://www.resource-capital.ch/en/companies/cosa-resources-corp/ -).

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