RE: NT to Buy!16 May 2024 10:09
The US relies on 30% of its power from nuclear and France is the largest in Europe for nuclear energy. Rolls royce have only risen on the back of the small nuclear plants and since the US and hopefully other countries will stop sourcing their Uranium from Russia, they will be focusing on other areas. Lithium is important in electronic cars and batteries, but recent news has said they have found a way to reduce the need for Lithium with AI N2116. It's a shame pow doesn't have any projects in helium 3 lol!
The main reason for me in selling off molopo and tati, is because its costing more money than they are bringing in from the projects (unless of course the results from molopo come back as hitting the sweet spot for nickel) Also look at the bonanza gold that was in the assay results at Tati. The market didn't take any notice at all. The last RNS nothing happened either.
If Uranium isn't going to be needed in the future for nuclear power, where will they look to green energy to give enough power. They could cover all our countryside in wind farms, but I don't think the people will be happy with this, nor the farmers