Skyharbour Resources (TSX-V: SYH | US-OTC: SYHBF) is a preeminent uranium exploration company with projects located in the prolific Athabasca Basin of Saskatchewan, Canada.
This is some of the richest uranium ground on earth!
Uranium Prices: Breaking Out!
Some analysts believe in addition to the already compelling supply-demand fundamentals, the COVID-19 crisis could create a shock to the nuclear fuel supply chain causing a substantial rise in U3O8 prices as large producers suspend operations, draw down inventories, and/or increase market purchases to fulfill existing contractual obligations with utilities.
Exclusive Interview: Jordan Trimble, CEO, Skyharbour Resources Ltd.
The US has 95 nuclear reactors… yet only produces enough fuel for one!
It should come as little surprise then, that in order to meet its robust demand, America imports a stunning 48 million pounds every year — making it over 90% reliant on foreign uranium sources.
While it’s difficult to predict with any kind of certainty exactly WHEN uranium prices will catch up to global demand growth… the bottom line is that it WILL happen.
When it does, companies with world-class assets in safe mining jurisdictions like Skyharbour Resources should be among the first to capture disproportionate gains.