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Uranium market starts to fizz

The North American uranium scene is fizzing with reactivation as the global move towards energy decarbonisation seems set to bring nuclear power generation in from the cold as a key option to replace coal as a source of baseload power. Nuclear has spent much of the past decade as a pariah following a 2011 accident at the Fukushima nuclear reactor in Japan, but the push to reduce carbon dioxide emissions has seen coal and oil supplant nuclear as the energy bogeyman.

Uranium market starts to fizz Uranium market starts to fizz Uranium market starts to fizz Uranium market starts to fizz Uranium market starts to fizz

Energy Fuels' White Mesa mill in Utah, USA

"There is a basket of good news," said Grant Isaac, senior vice president and chief financial officer with Canadian producer Cameco.