Chronicle Journal: Finance

AllPennyStocks.com News: A Treasure Trove of Uranium Being Sought by Junior Explorer

Mississauga, ON -- (SBWIRE) -- 07/14/2020 -- AllPennyStocks.com Media, Inc. (https://www.AllPennyStocks.com/) announces its latest article titled "A Treasure Trove of Uranium Being Sought by Junior Explorer."

Companies mentioned in this article include CanAlaska Uranium Ltd. (TSX-Venture:CVV) (OTCQB:CVVUF), Cameco (TSX:CCO) (NYSE:CCJ) and Denison Mines (TSX:DML) (NYSE American:DNN).

Article Excerpt:

Uranium is one of only a handful of minerals that are being produced at an annual deficit to demand. The shortfall in uranium production relative to demand, primarily for nuclear reactors, is drawn from existing uranium stockpiles. Given ever-increasing demand for carbon-free electricity and the number or nuclear reactors planned or under construction worldwide, expectations are for uranium supply to remain in increasing high demand for the foreseeable future. Most recently, the COVID-19 pandemic has caused international supply chain disruptions through shuttering of key uranium production centers in Canada and Kazakhstan, Canadian producer Cameco has indicated that it will keep existing production shuttered to force market price increases. Uncovered future demand is already over 1,500 M lbs U3O8, against annual supply of 140 M lbs U3O8 highlighting the need for new sources of uranium to be identified and new mines developed.

Historically, the lion's share of uranium (~43%) production comes from Kazakhstan, where annual output in 2019 of 22,800 tU more than tripled production from Canada, the next biggest producer at 6,938 tU. State-owned uranium powerhouse Kaztomprom said it is following its plan to "flex down" production in Kazakhstan, calling for output to remain flat in 2020 compared to 2019, meaning there is potential opportunity for competition in the future to secure market-share in the supply shortfall.

The full version of this article can be found at: https://www.allpennystocks.com/specialreportsca/1410/a-treasure-trove-of-uranium-being-sought-by-junior-explorer

About AllPennyStocks.com
AllPennyStocks.com is focused on the small-cap / penny stock market and has become a reputable name in the investment community. AllPennyStocks.com runs a Canadian and US site to provide investors in Canada as well as the United States with informative and unique content and information. AllPennyStocks.com runs daily technical penny stocks to watch, has a daily market write-up, provides company spotlights, runs unique most active pages strictly for penny stocks trading on the TSX, TSX Venture, NASDAQ and OTC BB, and much more information for the average investor.

AllPennyStocks.com also runs an email newsletter that aims to uncover stocks that are still under the radar of most investors. Criteria AllPennyStocks.com looks for includes strong revenues, a seasoned management, innovative business plans, among many others. AllPennyStocks.com also looks for companies that announce breaking news, recent 52-week highs/lows, technical breakouts, and other favorable corporate information.

Investors are encouraged to subscribe to the AllPennyStocks.com FREE e-mail newsletter and see what tens of thousands of other investors have already been receiving since 1999. Investors can receive their free newsletter subscription by clicking here: http://www.allpennystocks.com/aps_common/newsletter_free.asp.

Contact:
AllPennyStocks.com Media, Inc.
Peter Szafranski -- President
Phone: (905) 361-5680
E-Mail: peter@allpennystocks.com
Websites: http://www.allpennystocks.com / http://www.bullishinvestor.com

Note: AllPennyStocks.com has been compensated five thousand dollars by a third-party, Frontier Consulting LLC. for its efforts in presenting the CVV profile on its web site and distributing it to its database of subscribers as well as other services. For a complete disclaimer, investors are encouraged to click here: https://www.allpennystocks.com/spotlight/56/CanAlaska-Uranium.

For more information on this press release visit: http://www.sbwire.com/press-releases/allpennystockscom-news-a-treasure-trove-of-uranium-being-sought-by-junior-explorer-1296935.htm

Media Relations Contact

Peter Szafranski
Telephone: 1-905-361-5680
Email: Click to Email Peter Szafranski
Web: http://www.allpennystocks.com

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