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Uranium Energy Corp. CEO on Outlook for Uranium

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    Uranium Energy Corp. CEO Amir Adnani on the outlook for uranium demand and prices.

  • Duration 3:28
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It right now many of the world's smartest.

And most influential executives are gathering at a single location.

The Milken Institute global conference in Beverly Hills and that's why we -- out but send our superstar David -- right there in the middle of that hi David.

Title is thank you very much -- we have all kinds of businesses represented here.

Including abiding interest -- big head of the Uranium Energy Corp.

-- -- -- was actually the founder.

As well as the CEO of the company was founded back in 2005 joins us now.

At a -- good to see -- first of all it's.

Congratulations stock pops 3% on a down day for the -- that's good news sure we'll take it for today it's a small cap stock we're talking about what about 200 million dollars.

Yeah but 220 -- market now.

A lot of folks out there just are curious about uranium where our uranium prices going where do you see them going in the future.

-- uranium to Begin with as a real contrary and opportunity because of what happened with their reactors in Fukushima Japan.

And where -- about where your market cap went from 600 billion down to 200 -- more after that corrects a lot of market cap has been wiped out but the reality is when we look at.

The nuclear expansion of the world -- driven by demand in China and India it is truly.

Still heading towards direction that is gonna drive the price of uranium higher simply due to the fact that we don't mind enough uranium.

To -- even current reactor requirements and that share is the expiry of the -- between US and Russia to dismantle nuclear warheads.

Something that represents about 40% of US supply alone now to -- create is cracking down on coal and -- -- even a natural gas I can imagine.

They're they're pretty tough on uranium -- correctly DA in general has become not very tough and difficult to work with -- under the current administration but the reality is -- to today.

We have to have a multifaceted.

Discussion.

To developing -- United States natural resources how much do regulations cost factor into the cost of your race.

It's that it's that -- us -- actual dollars but is the time you noted that the reality as if it takes.

45 years to develop a mine from start to production.

The cost of capital and basically -- time it takes.

Really is adversely affecting the value when you consider debt projects are being developed.

With more sensible time lines and other jurisdictions I'm all for environmental regulations and making sure we do things first class but making sure that we -- to -- That did the realities of the finances and economics with good environmental stewardship.

-- balance is something that I think we can be much better -- And the US and I think that would make this a lot more energy independence out China and India the bricks that -- in general is that where you see the future growth.

Of the sale of uranium ore is -- the United States the US the biggest market for uranium consumption today and will be for even after Fukushima.

We have a 404 reactors operating in the US generating 20% of US electricity and get this.

US demand for uranium is 55 million pounds for -- -- met a supply of months is only four million pounds for year.

This is the biggest market this market needs uranium in the US the domestic market.

It's more dependent on foreign uranium right -- -- it is on foreign oil interest from a beer out not a good to see a -- thank you split up again.

Uranium Energy Corp.

again it had a little pop up 3% today.

It is a small market cap.

Hop and -- as a profitable ticket anyway.

List could wind up all those stories and in the small business -- eventually become the big ones it's a brilliant store.

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