Demand for uranium overwhelms current production. Globally, more uranium has been used than produced for the last 20 years straight. Domestically, more than 95% of U.S. usage of uranium, a strategic metal, is imported. The U.S. is more dependent on foreign uranium than it is on foreign oil. Simply put, the world will be demanding companies like UEC.
UEC's uranium production is at a $18 per pound cost with uranium currently selling for $44 per pound. A profit margin that most other companies would only dream of having.