A Stronger Uranium Market as Cycle Takes an Upward Swing, Purepoint Uranium CEO Says
Purepoint Uranium (TSXV:PTU,OTCQB:PTUUF) President and CEO Chris Frostad is optimistic that there can be a stronger uranium market within the subsequent six to 12 months harking back to the way it was three years in the past, at which period extra contracts can be written.
“You are an actual resurgence in nuclear vitality basically, worldwide. It is actually come again sturdy as a supply of inexperienced vitality, rather more so than it was considered as 10 (or) 15 years in the past,” he stated.
“Much more reactors are being constructed in order that we have seen that demand facet actually, actually begin to pump up. So far as the markets are involved — so far as individuals who comply with uranium and consider that we’re about to maneuver again right into a time of upward swing — I believe based mostly on that, we see an actual provide/demand shift occurring,” Frostad stated. “And hopefully, it will occur rapidly.”
Amid the cyclical nature of the uranium area, Frostad defined, Purepoint has maintained its place by initiatives which have actual prospectivity, amongst different components that come into play. “We have a a lot bigger portfolio of initiatives at varied phases of development; subsequently, we at all times have issues transferring ahead.”
As for the way his firm has dealt with the uranium market, Frostad defined, “I believe you have to be in enterprise to remain in enterprise. You’ve got obtained to have the ability to trip the wave, trip the ups and the downs and ensure that your potential to trip the ups and the downs is strong. I believe Purepoint has been very profitable in that.”
Watch the complete interview with Purepoint Uranium President and CEO Chris Frostad above.
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