Uranium and Nuclear Energy

The world needs safe, affordable, low emission, reliable and secure baseload electricity. As an energy source with zero emissions, nuclear energy is a vital part of the clean energy mix for countries around the world.

Nuclear fission generates electricity without the harmful byproducts that coal, oil and natural gas emit. As the world replaces old fossil fuel generation and tries to meet increasing electricity demand, there is a need for new generating capacity. Many countries including the U.S. are continuing to advance nuclear, as well as support and develop new technologies, preserve existing reactors and strengthen the fuel cycle.

Rising uranium demand stems from this requirement for nuclear fuel, with nuclear fuel buyers contracting for a secure supply of uranium. Laramide Resources Ltd. is ready to meet this demand with a uranium portfolio that consists of diversified, advanced stage, high-quality uranium assets in secure, safe jurisdictions.

The Uranium Market

Uranium prices are not GDP correlated in the short- or medium-term but are tied to the adoption and growth of nuclear generation. Fuel buyers purchase large volumes of uranium through long-term contracts due to the baseload nature of nuclear power, while the uranium spot market is more thinly traded for buyers to pick up smaller volumes.

Uranium Price

Utility Uncovered Requirements 2022-2040

Demand Versus Uranium Mine Production

(tonnes U)

Uranium Mining Production by Country

Demand for Nuclear Power and Uranium Requirements

Uranium Fuel pellets are inserted into fuel rods which are used in a nuclear reactor to create the steam to drive the turbines that generate electricity.

Source: Company reports, Minerals Council of Australia, International Energy Agency, World Nuclear Association, Nuclear Energy Institute,
Uranium Producers of America, UxC.

NUCLEAR ENERGY HIGHLIGHTS:

The International Energy Agency estimates an increase in electricity demand of between 40 and 90 per cent by 2040.

Nuclear energy produces almost no greenhouse gas emissions or air pollutants during operation.

Nuclear power generates about 11% of world electricity in 55 countries: including 70% of France’s electricity, nearly 20% of electricity in the United States, and about 15% in Canada

Advanced nuclear technologies like small modular reactors (SMRs) are ideally suited for many locations around the world to provide zero emission 24/7 power in regional and remote areas.