In a day of red, it sure is nice to see the Uranium stocks continuing to push green β’οΈπππ°
PEN is creeping towards 20cents (up 12.5% to 18cents) and better yet today they announced they have opened the door to further US trading markets. There has already been some strong flavour for PEN on the OTC pink entry market with high volumes traded and as of tomorrow they have been upgraded to the OTCQB Venture Market (i.e. the middle tier for Over The Counter trading). This opens up a whole new wave of interested investors and is especially relevant given PEN's main mine asset (the Lance Project) is based in America and they are targeting offtake agreements with American Utilities.
See screenshot of announcement below
https://preview.redd.it/ixpxt648fyh61.png?width=695&format=png&auto=webp&s=8007b94862ba91c883a9a57075a5638de9a211f4
The other week Cameco (2nd largest global Uranium producer) held their investor presentation.
The video recording can be found here on Youtube. - it is about 30minutes long and really worth the listen to get their take of just how deep the Uranium supply deficit is and how much demand has been growing.
here is the snippet of the transcript that holds some heavy weight coming from the CEO Tim Glitzel
Cameco Investor Conference transcript
In the U.S. the uranium miners and Enriches have been rallying hard the last few weeks. Especially Denison Mines up 300%, among others. By default, it won't be long before more and more funds come into ASX Uranium space. Given the suite of strong U3O8 Australian companies it is more just a matter of when than if.
Enjoy the ride and those glowing green tendies β’οΈπ you nucleated austists β’οΈπππ°
** Uranium Bull Market DD (Supply, demand, covid, market and Bear Case points) for those interested
