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Commodity Culture

There's Never Been a Uranium Bull Market Like This in History: Chris Timmins

Apr 15, 2024
Chris Timmins, CEO of Pegasus Resources, delves into the historic uranium bull market driven by tight supplies, rising prices, and the shift towards nuclear energy. The podcast explores the rise of Small Modular Reactors, uranium exploration activities in Utah and the Athabasca Basin, and plans for a copper gold project in British Columbia.
27:41

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Uranium market faces unprecedented bull market due to supply-demand dynamics and increasing political support for nuclear energy.
  • Small modular reactors (SMRs) are poised to revolutionize the uranium market by meeting future energy needs and attracting heavyweight investors like Bill Gates and Elon Musk.

Deep dives

Uranium Market Outlook and Supply Demand Dynamics

The uranium market is experiencing a sustained period of higher prices due to the supply-demand dynamics. With demand continually outstripping supply and the market facing challenges in meeting uranium demands, prices are expected to remain elevated into the 2030s. Factors such as delayed production and increasing demand from new reactors contribute to a tight market and signal the need for sustained higher uranium prices.

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