Why you should invest in uranium stocks
If for a long time, nuclear energy had this ominous image of “polluting energy,” and because of its waste, minds have quickly evolved, and maybe countries have started to build nuclear plants as it can provide energetical independency. In the long term, this energy will be used more, which is why you might consider investing in uranium stocks.
What are the benefits of nuclear energy?
Nuclear energy protects air quality. Compared to other sources, it is zero-emission clean energy. The United States avoided more than 471 million metric tons of carbon dioxide emissions in 2020. It is the equivalent of removing 100 million cars from the road and represents more than all other clean energy sources combined. Infrastructure-wise, nuclear is also a great winner. It has a light footprint, and for a 1,000-megawatt atomic facility in the USA that would need a little more than 1 square mile to operate, windfarms require 360 times more land area, according to the Nuclear Energy Institute.
Regarding nuclear waste, the WNA claims, “In all countries using nuclear energy, there are well-established procedures for storing, managing and transporting such wastes, funded from electricity users. Wastes are contained and managed, not released. Storage is safe and secure; plans are well in hand for eventual disposal.”
According to the International Atomic Energy Agency (IAEA), the high case projection has global nuclear-generating capacity increasing from 392 GWe in 2019 to 475 GWe by 2030, 622 by 2040, and 715 by 2050. Choosing nuclear options can result in several cases, whether it be for environmental or electric freedom. Recently, European countries have suffered from energetic dependency as many countries bought Russia’s resources. According to the Nuclear Power Association, about 440 reactors operate in 32 countries. About 55 plants are currently being constructed in 19 countries, notably China, India, Russia, and the United Arab Emirates. About 100 power reactors with a total gross capacity of approximately 100,000 MWe are on order or planned, and over 300 more are proposed. Currently, most reactors are in Asia, with fast-growing economies and rapidly-rising electricity demand. About 30 countries are considering, planning, or starting nuclear power programs.
Pegasus Resource is a small cap with tremendous growth potential
Pegasus Resources stock (PEGA.V) is an exciting play as nuclear power has a unique spot in transitioning from fossil fuels to sustainable energy.Pegasus Resources Inc. is a diversified Junior Canadian Mineral Exploration Company focusing on North America’s uranium, gold, and base metal properties.
Pegasus currently holds four Uranium properties located northeast of the prolific Athabasca Basin of northern Saskatchewan:
- The Wollaston Northeast Property: located about 45 km northeast of the Eagle Point Uranium Mine;
- The Bentley Lake Property: is located approximately 35 km northeast of the edge of the Athabasca Basin.
- The Mozzie Lake Property consists of two claim blocks situated approximately 25 and 40 km northeast of the edge of the Athabasca Basin.
The company owns plenty of other projects, including:
- the Energy Sands Project: the project consists of sandstone-hosted uranium and vanadium mineralization with demonstrated potential to establish resources;
- the Golden Project: the project features three properties located along the British Columbia – Alberta border;
- The Millionara Project: the property is approximately 25 km northwest of the Jerritt Canyon Gold Mine, recently purchased by First Majestic Silver Corp. in a $470 million-plus share deal. Jerritt Canyon has produced over 9.5 million ounces of gold since 1981.
About the Athabasca Basin
The Athabasca Basin is a region in the Canadian Shield of northern Saskatchewan and Alberta, Canada. It is best known as the world’s leading source of high-grade uranium and currently supplies about 20% of the world’s uranium. The Athabasca Basin covers an area of almost 100,000 square kilometers and hosts the world’s largest producing uranium mine, Cigar Lake.
Most Recent news
August 24th: Pegasus has announced that based on the recent radon survey results, in combination with the historical geophysical work, Pegasus is looking to advance its Pine Channel Uranium Project, located in the Athabasca Basin region of northern Saskatchewan, to the drilling stage.
The radon survey comprised two grids, Grid A and Grid B, consisting of 461 and 217 radon sampling points. Grid A spans roughly 3km east to west, starting along the shoreline and extending approximately 850m to the south. Grid B is 1300m by 750m and is located south of Grid A.
“Exciting times for Pegasus investors. The radon survey came back, and we have drill-ready targets!” stated Chris Timmins, President of Pegasus Resources. “Pegasus, over the coming weeks, will apply for the necessary permits and consult with the group representing the northern communities and First Nations groups, the Ya’ thi Néné Lands and Resources (YNLR) office, leading up to a winter drill program.”
If the company’s share price hasn’t lost any value Year-over-Year, its market cap is meager to the company’s potential opportunities. With a current $0.04 share price, it is at its 52-week low, far from its $0.11 reached on April 2022. With an RSI data worth 46, the stock is neither overbought nor oversold territory (30 and under, 70 and above).
According to TradingView technical, the stock is currently a BUY (13 BUY, 9 NEUTRAL, 4 SELL).
What to Remember:
Pegasus Resources (PEGA.V) is located in the Athabasca Basin, which gathers 20% of the worldwide uranium resources;
The company is significantly undervalued regarding all the news provided;
Many technical indicators show the share price is a BUY;
Nuclear is the cleanest energy in the world.
Marc has been involved in the Stock Market Media Industry for the last +4 years. After obtaining a college degree in engineering in France, he moved to Canada, where he created Money,eh?, a personal finance website. He then contributed to building Guerilla Capital, a Capital Markets company and FirstPhase Media where he is head of research. At10xAlerts, he writes articles and conducts interviews on many sectors, including technology, metals & mining markets.