In this InvestorIntel interview during PDAC 2023, Tracy Weslosky talks to George Glasier, CEO, President, and Director of Western Uranium & Vanadium Corp.’s (CSE: WUC | OTCQX: WSTRF) about pressure on the uranium supply chain and expectations for a strong uranium market. As an industry expert, he points out that demand for uranium is going up but production is not, and many expect 2023 to be a breakout year with the potential for skyrocketing prices.
George points out that 50% of the US uranium supply comes from Russia, and with the war in Ukraine there is already a reluctance to buy from Russia and a desire to secure new sources to fuel American and European power plants. He goes on to say that the current western supply cannot meet western demands for uranium at present or in the near future.
George also provides an update on Western Uranium & Vanadium’s new mineral processing facility to be built in Utah, USA, to recover uranium, vanadium, and cobalt with initial production from the facility expected in 2026.
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About Western Uranium & Vanadium Corp.
Western Uranium & Vanadium Corp. is a Colorado-based uranium and vanadium conventional mining company focused on low-cost near-term production of uranium and vanadium in the western United States, and the development and application of kinetic separation.
To learn more about Western Uranium & Vanadium Corp., click here.
Disclaimer: Western Uranium & Vanadium Corp. is an advertorial member of InvestorIntel Corp.
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