SAN FRANCISCO, CA — (Marketwired) — 11/12/14 — After losing half of its value, the spot price of uranium has in recent weeks risen from less than $30 per pound to $42 per pound. Roger Lemaitre, President and CEO of (TSX: UEX), is pleased but not surprised, as a supply shortage looms, and sanctions against Russia are spooking utilities. In this interview with Lemaitre explains how its substantial resources in Saskatchewan–s Athabasca Basin have primed UEX to move forward when uranium prices rise to meet demand.
describes itself as Canada–s “blue chip” uranium junior. What makes it so?
We have acted like a blue chip throughout our history. There–s a chart in our presentation demonstrating the close correlation of UEX–s share price to uranium–s spot price. Yes, junior companies tend to correlate well, but they also tend to be more volatile than we–ve been. The reason is that we–re sitting on 86 million pounds (86 Mlb) of U308 that could be developed in a reasonable period of time in the world–s best jurisdiction. We–re a proxy for the uranium price for some investors, and we–re cheaper than…
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UEX Corp. paid The Energy Report to conduct, produce and distribute the interview. Roger Lemaitre had final approval of the content and is wholly responsible for the validity of the statements. Opinions expressed are the opinions of Roger Lemaitre and not of The Energy Report or its officers.
Brandon Fung
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