As catalysts proceed to construct for uranium, the Investing Information Community spoke with John Money, CEO of Ur-Vitality (TSX:URE,NYSEAMERICAN:URG), to get his ideas in the marketplace and the corporate’s plans transferring ahead.

“All techniques proper now seem like go, it seems to be like the worth goes to be transferring increased,” he mentioned. “I feel persistently that is what the producers are predicting, (and) I feel fairly reliably that is what the utilities expect as nicely. Actually in the event you have a look at the main commerce press as nicely, like UxC, they’re pretty considerably increased pricing going ahead as nicely.”

With this constructive outlook at hand, Ur-Vitality is progressing at its two flagship property in Wyoming, US. The corporate is ramping up output at its Misplaced Creek operation, with manufacturing set to rise from 200,000 kilos this 12 months to 600,000 kilos subsequent 12 months.

“I wish to convey that we have solely acquired 600,000 kilos underneath contract. That is solely about 25 % of my plant capability there at Misplaced Creek. So we have much more room there to develop and layer in extra contracts,” Money famous.

Past that, the corporate might begin to contract at Shirley Basin, its different key challenge. “It is totally permitted, however we have not constructed it but. However that may be completed in a short time at a really low capital value,” he mentioned.

Ur-Vitality just lately bought a parcel of uranium to the US authorities, however its important focus is doing offers with utilities firms. Exercise amongst utilities is notoriously opaque, however Money was capable of shed some mild on the method. He defined that there are two markets which can be growing: a worldwide market and a western market that will get a premium.

“What we have seen in our contracting is we’re not getting the spot worth, we’re not even getting the long-term worth. We’re getting a worth that is above and past that,” he mentioned. “Utilities and nuclear firms world wide need that safety of provide, and there is a lot uncertainty on this planet proper now that they are prepared to pay for that certainty.”

Watch the interview above for extra from Money on Ur-Vitality’s plans and the uranium market.

Do not forget to comply with us @INN_Resource for real-time updates!

Securities Disclosure: I, Charlotte McLeod, maintain no direct funding curiosity in any firm talked about on this article.

Editorial Disclosure: The Investing Information Community doesn’t assure the accuracy or thoroughness of the data reported within the interviews it conducts. The opinions expressed in these interviews don’t mirror the opinions of the Investing Information Community and don’t represent funding recommendation. All readers are inspired to carry out their very own due diligence.