Uranium Price Surge Motivates Explorers Like Marmota to Grow their Flagship Uranium Asset “Junction Dam”
Marmota Limited - The uranium market has experienced a remarkable and continuous upward trajectory, a direct consequence of a constricted supply chain spanning the last two to three years. This scarcity is attributed to mine closures in the aftermath of the Fukushima incident, depleted inventories during the COVID-19 pandemic, and the United States' embargo on acquiring uranium from Russia due to imposed sanctions.
In the wake of the Fukushima disaster, uranium prices faced a significant downturn, prompting the closure of several mines globally. The aftermath of lower prices led to a contraction in the uranium supply chain, contributing to the scarcity currently witnessed in the market.
