RFC Ambrian’s review of In Situ Recovery (ISR) uranium mines has established that this is a highly attractive asset class regardless of the uranium price. Driving valuations in the sector are the recent inauguration of three emerging ISR producers and the potential for M&A activity.
ISR is a technology that has had considerable success in mining global uranium sandstone-hosted deposits: it accounted for over 45% of global uranium production in 2012.
Uranium supply diversification has added to the attractiveness of the ISR asset class. The uranium market is subject to strong structural forces as government policy requires the maintenance of a diversified electricity sector.
M&A activity remains highly likely. A hot spot for this activity is among the US producers in Wyoming and neighbouring states.
This sector report contains individual company reports on Anatolia Energy (AEK AU) and Peninsular Energy (PEN AU). RFC Ambrian acts as Agency Broker to both companies.
For the full report, please click contact RFCA