Uranium market under pressure, but long-term outlook remains positive
BMO expects uranium demand to grow by 2.9% yearly through 2035, driven by China’s push to build new reactors and the potential for reactor restarts in North America.
The federal government’s proposed changes to environmental rules for resource projects could limit Ottawa’s oversight, but probably won’t shorten approval times.
The company removed CEO Milewski and other executives, citing evidence that the management team had breached their duties and repeatedly lacked judgment.