Uranium Is The Best Renewable Energy Solution
As the world grapples with Russia’s war with Ukraine, one thing is clear; THE WORLD MUST TRANSFER TO RENEWABLE ENERGY and stop their dependence on oil that fills the cash coffers of countries that have malicious intent towards the west.
On March 17, 2022 U.S. Republican Senators introduced a bill to ban U.S. imports of Russian uranium to punish Moscow for its invasion of Ukraine.
US Senator John Barrasso who represents Wyoming stated he believes that America and its Canadian neighbours which export 22% of America’s Uranium supply will benefit immensely from a revitalization in North American uranium mining.
We believe that this will drive Uranium prices higher as a major supply shortage is on the horizon.
We are expecting mining companies based in Canada and the USA to enter a hyper growth phase by aggressively mining uranium to fill the gap caused by the impending Russian ban on Uranium. The United States has over 90 nuclear reactors, more than any other country, and is heavily reliant on imported uranium.
In order to avoid future deadly conflicts, we as humans need to end our dependence on non renewable energy sources like oil that are and have been a source of conflict and environmental catastrophes for the last century.
This latest conflict has really catapulted the push to ESG investing in our opinion and we believe it has woken up the world on how important renewable energy is, not just from an environmental standpoint but also from a global security standpoint.
For the first time in 48 years, both Democrats and Republicans parties agree that Uranium is critical to US energy security.
This agreement could provide a multi-billion-dollar boost to the uranium mining sector, which is critical to the advancement of their common agenda.
EV industry executive Elon Musk, in an interview in Germany, stated that “electricity demand will likely double over the next two decades as a result of the update of electric vehicles.” This does not take into account increased demand that may result from other sources such as increased population, growing reliance on digital services, etc.
Mr. Musk went on to note that sourcing the energy necessary to power EVs has the potential to become the biggest obstacle over the next two decades.
To meet this demand, Musk added that “to do this, we have to increase the capacities of wind, solar, and nuclear power plants.” However, given that the wind does not always blowand the sun does not always shine, he noted that nuclear power is necessary to meet tomorrow’s need for electricity.
“We should build more nuclear power plants…”
Currently, about 20% of the renewable energy generated in the United States is from nuclear, according to the U.S. Energy Information Administration.
Uranium is the main ingredient needed to produce nuclear energy. Anything that increases demand for nuclear energy increases demand for uranium.
If projections for growth in sales of EVs and an increase in the EV fleet pan out, it is likely that much more nuclear power will be necessary to meet the increase in demand for electricity. This is potentially advantageous for uranium demand and, ultimately, prices of uranium and the stocks of companies that mine uranium.
Additionally, with the digital currency mining sector growing every day, energy sources to mine this currency must be sustainable, and the most obvious solution is nuclear. Musk agrees as he said in July 2021 while talking about making coin mining sustainable at The B-Word conference.
With new technology, nuclear plants are smaller and much safer than in the past and technological innovation will continue as time goes on making them safer and more efficient.
We are excited to bring your attention to uranium mining company Traction Uranium (OTC:TRCTF CSE: TRAC) which has optioned a massive 12,000 Hectare uranium property portfolio in the Athabasca basin, what some call the “Saudi Arabia of uranium.” It is led by what we think is one of the best management teams in the business.
Traction Uranium has entered into two option agreements located in Saskatchewan’s Athabasca basin region: the Hearty Bay project, comprising six mineral claims covering approximately 10,604 hectares, and the Lazy Edward project, comprising 11 mineral claims covering approximately 1,828 hectares.
We expect uranium demand to continue and business leaders around the world agree. Read below…
BUSINESS LEADERS CONFIRM: URANIUM MAY BE A CRITICAL INVESTMENT IN THE GREEN FUTURE
Image: nuclear energy may be the only solution to the world’s energy needs
Uranium is considered so valuable by some that it’s often treated like gold. It’s been called “the other yellow metal” for a reason…
This renewable energy revolution relies on a simple fact…
The world is moving away from coal and fossil fuels.
There is no going back.
And some of the world’s richest people are endorsing uranium…
True, they care about the environment.
But they also see where the market is going. And where most of the potential money could be made, in our opinion.
With electric vehicles pushing the demand for electricity higher than ever, it’s easy for us to see why Elon Musk is on board.
In an interview with a German publisher, Mr. Musk suggested that “[nuclear energy] might even be necessary if we’re to meet tomorrow’s need for electricity” — which he said would double by 2040.
Our discussion with the CEO of Traction Uranium Corp. (OTC:TRCTF, CSE:TRAC) confirmed he agrees with this.
Before we dive into the company’s details, however, we would like to give you more examples of what some of the world’s best investors think about uranium.
Michael Burry, who has become a legend in the financial world after he successfully profited from the 2008 housing crisis, also endorses uranium.
Image: Michael Burry
Mr. Burry is as bullish as it gets: “I was bullish on uranium since 2018. As climate change becomes the focus for the world and countries want to reduce carbon emissions, countries are going nuclear.”
Jeff Bezos, one of the world’s richest men, is also invested in nuclear.
His fund reportedly put about $20 million in a Vancouver-based startup called General Fusion.
Image: Jeff Bezos
Could Traction Uranium Corp. (OTC:TRCTF, CSE:TRAC) be on Jeff Bezos’s list of future potential investments? It’s hard to know. But this Vancouver-based mineral exploration company is looking for potential resources for the “renewable energy” space, too, which Mr. Bezos’s fund is watching.
Bill Gates, whose net worth is about $134 billion, was also blunt about uranium.
Image: Bill Gates
In an interview last year, Mr. Gates said that nuclear power is absolutely critical. Specifically, he said: “We need more nuclear power to zero out emissions in America and to prevent a climate disaster.”
We aren’t saying that there’s some kind of “nuclear conspiracy” here. These men come from various industries and appear to have their eyes on uranium for their own purposes…
GOVERNMENT UNITED TO SUPPORT NUCLEAR POWER AND URANIUM
Governments and private companies set ambitious emissions goals. One hundred thirty-seven countries committed to carbon neutrality. Almost all of them—90% to be precise—want to reach that goal by 2050.
And in the US, both Democrats and Republicans are on board.
But not only that… they focus on a key element that will help the US reach “net zero”: uranium.
Biden’s Department of Energy says that nuclear is “a key part of our renewable energy future.”
The Department of Energy is in on this, too… it wants to build a uranium reserve for the country citing national security, among other critical reasons: “Revitalizing the U.S. nuclear fuel supply infrastructure would support the Administration’s goals […] including addressing the climate crisis, creating American jobs, positioning the U.S. to compete with economic rivals, and supporting national security.”
This goes beyond this Administration, however. The Democratic Party platform says that it now favors “all zero-carbon technologies, including hydroelectric power, geothermal, existing and advanced nuclear, and carbon capture and storage.”
Joe Manchin, the Democratic senator who single-handedly blocked Joe Biden’s climate and social spending bill… he is far from a “normal” Democrat who follows everything the party says… has been a vocal supporter of both uranium and nuclear power plants.
Image: Senator Joe Manchin (D-W.Va.)
But it’s not only about the Democrats…
The Republican party is also on board.
And the Republicans are even more urgent in their message.
In their letter to then-president Trump, 27 Republican senators and Congress members said: “We strongly encourage [Donald Trump] to make improved access to federal lands with high-grade uranium deposits a top priority.”
John Barrasso (R-WY) said: “If we are serious about climate change, we must be serious about expanding our use of nuclear energy.”
Image: john barrasso (R-WY)
Why the urgency?
Because there may be no other solution to the looming energy crisis.
And this urgency could be a massive catalyst both for the uranium sector as a whole and possibly even for Traction Uranium Corp. (OTC:TRCTF, CSE:TRAC) in particular.
Please take a look at the video below and the potential of one of the worlds largest nuclear power plants and how nuclear is poised to change the world.
THE UGLY TRUTH: WIND AND SOLAR AREN’T ENOUGH
Without nuclear, the world might need to prepare for apocalyptic blackouts…
Image: 2019 Blackout in New York
And no, wind and solar energy will probably not be enough to get to net-zero emissions. Or to provide reliable electricity. We think the people who say so are wrong.
The only way to “clean up” the energy sector and meet soaring electricity demand may be through nuclear power. Here’s why.
Put simply, you can’t produce electricity from either wind or solar 24/7.
Solar becomes useless at night or even on a cloudy day.
Wind doesn’t blow around the clock, either.
But the demand for electricity doesn’t go away. On the opposite, it’s rising like crazy.
And the 2021 numbers are alarming…
Electricity demand rose 6%, or by the highest amount since 2010…
But carbon dioxide emissions did, too.
Why? Because there isn’t enough renewable capacity to fuel this surge in demand.
So, the world turns to oil and coal to fill the gap.
This is a shame… and an opportunity, now well-understood by the government and the market alike, to push for nuclear power.
And in doing so create a potential opportunity for players like Traction Uranium Corp. (OTC:TRCTF, CSE:TRAC).
The situation is so bad it could end up in social disturbance…
And we’re not being dramatic here.
This gross mismanagement of energy prices could become “a driver of social and political tensions,” says the Energy Information Administration.
And when we mean social disturbance, we mean potential violence and looting.
Believe it or not, access to electricity can prevent major social crises.
Consider the 2019 New Orleans blackout… when it happened, officials imposed a curfew. And several incidents of looting were recorded. A special “anti-looting” police unit was created to fight it.
The massive power outages seen in California in 2021 are a sign of what can happen when the grid is strained and there’s not enough power to distribute to millions of people.
As states like California move away from fossil fuels and toward sustainable energy sources, they forget one simple thing… which we mentioned above.
Wind and solar aren’t enough.
Nuclear energy may be the only way the terrible outages in California could become less severe or disappear altogether.
And uranium stocks like Traction Uranium Corp. (OTC:TRCTF, CSE:TRAC) are in our view poised to benefit from this impending demand for nuclear power.
It is importing more power than any other state. And turning a blind eye on its insanely inadequate power supply.
On top of this, solar and wind power generators stopped working just as everybody needed them the most.
If local governments follow the recommendation of a recent joint MIT-Stanford study regarding uranium and the Diablo Canyon Nuclear plant, the demand for uranium could surge. And it could potentially lift the whole uranium sector, including Traction Uranium Corp. (OTC:TRCTF, CSE:TRAC).
The government must catch up—or endure another catastrophic summer in 2022.
Texas has the same problem as California. In February 2021, following a series of storms, its grid was under stress for over two weeks. It caused about $200 billion in damage and hundreds of lost lives.
The state couldn’t import enough electricity to meet its needs. Because of high demand and low supply, prices soared. Some customers ended up paying $5,000 for five days’ worth of power supply.
And why we are bullish on uranium and Traction Uranium Corp. (OTC:TRCTF, CSE:TRAC) in particular. Nuclear is more stable than other sources of power. It is clean.
And, critically, it is said to be safe and sustainable.