Purepoint Uranium (TSXV:PTU,OTCQB:PTUUF) President and CEO Chris Frostad is optimistic that there shall be a stronger uranium market within the subsequent six to 12 months harking back to the way it was three years in the past, at which era extra contracts shall be written.
“You are an actual resurgence in nuclear power basically, worldwide. It is actually come again sturdy as a supply of inexperienced power, rather more so than it was seen as 10 (or) 15 years in the past,” he stated.
“Much more reactors are being constructed in order that we have seen that demand aspect actually, actually begin to pump up. So far as the markets are involved — so far as individuals who observe uranium and consider that we’re about to maneuver again right into a time of upward swing — I feel primarily based on that, we see an actual provide/demand shift occurring,” Frostad stated. “And hopefully, it will occur rapidly.”
Amid the cyclical nature of the uranium area, Frostad defined, Purepoint has maintained its place by means of tasks which have actual prospectivity, amongst different parts that come into play. “We have got a a lot bigger portfolio of tasks at numerous levels of development; subsequently, we at all times have issues shifting ahead.”
As for the way his firm has dealt with the uranium market, Frostad defined, “I feel you have to be in enterprise to remain in enterprise. You’ve got obtained to have the ability to trip the wave, trip the ups and the downs and be sure that your capability to trip the ups and the downs is strong. I feel Purepoint has been very profitable in that.”
Watch the total interview with Purepoint Uranium President and CEO Chris Frostad above.
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