Uranium: The Next Star Commodity? | Kitco News @ PDAC

from Kitco NEWS

The uranium market has been in a five-year bear market that shows no signs of bouncing back. But, one junior uranium player says the commodity is set for a strong move up. Kitco News caught up with Amir Adnani, CEO and president of Corpus Christi, Texas-based Uranium Energy (NYSE-MKT: UEC), on the sidelines of the world’s largest mining conference, the Prospectors and Developers Conference (PDAC) in Toronto, which wrapped this week. “The spot price has pulled back over the past few weeks – I think we are set for strong price movement – I think we will see a strong year for uranium,” Adnani added. He is also invested in gold and is the founder of junior exploration company, Brazil Resources (TSX-V: BRI.VN). On the topic of gold, Adnani said it is the “ultimate anti-establishment trade, as Donald Trump is the anti-establishment vote.”

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