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"Uranium prices are expected to rise as utilities&#039; purchasing budgets will be released on October 1, 2024, amid a persistent supply deficit and export restrictions from Russia. The U.S. aims to build its uranium supply for independence, with Uranium Energy Corporation (UEC) playing a key role. UEC has acquired Rio Tinto&#039;s Sweetwater plant and uranium deposits for $175 million, enhancing its production capacity and resources in Wyoming&#039;s Great Divide Basin. The Sweetwater facility will support both in-situ recovery and conventional mining, with significant exploration potential. The demand for domestic uranium is increasing due to geopolitical factors and a global push for nuclear energy, positioning UEC to become a leading U.S. uranium producer."
<https://www.commodity-tv.com/play/osisko-metals-acquisition-of-the-historic-gaspe-copper-mine-with-lots-of-potential/>