Mike Casson is an experienced serial entrepreneur and capital markets specialist. He was an equity partner in a FINRA broker-dealer and while on the sell-side held multiple securities licenses including Series 65, registered investment adviser. Mike holds a Marketing Degree from Southern Methodist University (SMU in Dallas, TX) and is a self-proclaimed evangelist for carefully researched micro and small-cap investment opportunities, especially those available to individual investors. He publishes several investment newsletters, is market-sector agnostic and is a proud U.S. Army veteran.
YELLOWCAKE…
Sounds like something you’d enjoy at a birthday party, doesn’t it?
But in reality…
The powdery yellow substance known as “yellowcake” is actually uranium oxide, mined from the Earth’s crust.[1]
As a highly concentrated uranium powder, yellowcake (known as U308) is produced from uranium ore during the mining recovery process.
U308 is then shipped out to become the “enriched” nuclear fuel needed to produce .[2]
Now, I know some of my readers will be nuclear skeptics. Especially considering the bad press this “unloved” energy sector has received.
But stick with me to see how nuclear energy generation is both SAFE and CLEAN.
And discover why experts claim that nuclear power is the only realistic way for the U.S. and countries around the world to meet their need for energy security.
It’s so essential, President Biden’s recent Inflation Reduction Act extends billions in tax credits and funding for nuclear power plants.[3]
And that’s just the start when it comes to current incentives for nuclear energy.
Faced with a major energy crisis, one worsened by our country’s dependence on adversarial nations like Russia…
BREAKING NEWS
Nuclear power is staging what energy insiders call
a “remarkable comeback.”[4]
But in the U.S., this revival hinges on one thing:
obtaining sufficient uranium, the metallic fuel that powers nuclear plants.
You see, a typical reactor needs around 200 tons of uranium every year.[5]
But only a single American mine — located in Wyoming — produced uranium in 2020, according to a leading nuclear industry group.[6]
American nuclear utilities purchase nearly 50% of the uranium they need from state-owned entities in Russia, Uzbekistan, and Kazakhstan.[7]
With the bloody Russia-Ukraine war in full swing, this is a flashing red light for our energy supply — and our national security.[8]
That’s why the president is pushing a $4.3 billion plan to support the American uranium sector and “wean” our country off Russian supply.[9]
The mass adoption of nuclear energy means the timing may never be better for American Future Fuel Corporation (AFFCF).
This little-known resource exploration and development company has snapped up significant assets in a New Mexico region that has historically been responsible for about 37% of all uranium that has ever been produced in the USA.[10]
And what really excites me?
American Future Fuel Corporation’s (AFFCF) advanced domestic exploration project has a historical resource of around 19 million pounds of remaining uranium.[11] (With potential upside*, as you’ll see…)
As an investor, you deserve to know about the “perfect storm” of factors breathing new life into the nuclear energy sector and the uranium industry — potentially setting off a new uranium bull market.*
So, let’s take a closer look at what many experts argue is the most misunderstood clean energy source out there.
Contrary to what many people believe, based on the terawatt-hours of electricity produced…
Nuclear energy is arguably safer than wind, solar, natural gas, oil, and every other energy source. Experts agree nuclear power is one of our safest energy sources and has saved millions of lives.[13]
As pro-nuclear Texas Republican Congressman Dan Crenshaw stated, “most Americans live within 50 miles of a nuclear reactor and have never noticed it.”[15]
In fact…
With approximately 90 reactors operating today in the United States,[16] nuclear power plants have been quietly supplying around 20% of the annual U.S. electricity generation since 1990.[17]
Unfortunately…
The number of nuclear reactors we currently have is not nearly enough to meet our current and future energy needs.[18]
Of course, there’s no sugar-coating events such as the 2011 Fukushima Daiichi nuclear disaster in Japan — except to call them extremely rare. This accident was caused by a massive tsunami set off by the 4th largest earthquake in recorded history.[19]
But did you realize that the Fukushima plant began construction back in 1967?[20]
In the decades since this plant went into operation, enhanced procedures and more highly advanced technologies have been developed to provide a much higher level of nuclear safety.[21]
To see an example of how far we’ve come technologically since the 60s and 70s…
You need to look no further than the phone you carry around with you.
Before the accident, nuclear energy provided about 30% of Japan’s electricity. But after the Fukushima accident, Japan’s nuclear generation skidded to a halt.[22]
Was this a smart move?
Well, Japan ended up relying on increased imports of expensive fossil fuels.
And unfortunately, the nation has been struggling for years to meet electricity demand, stressing electric grids and causing power blackouts.[23]
A 2019 study found that Japan’s decision to cease nuclear energy production after the Fukushima accident did more harm than good.
In fact, figures showed that shutting down the reactors contributed to more deaths than the accident itself due to increased electricity costs. (There were zero deaths attributed to radiation at Fukushima.)[24]
So in August 2022, with a dire fuel shortage complicated by Russia’s invasion of Ukraine[25]…
Japanese Prime Minister Fumio Kishida announced plans to restart idle nuclear plants and begin developing next-generation nuclear reactors as a clean, reliable energy source.
This signifies a major policy shift in nuclear energy for the Asian nation.[26]
And in a first for the nation since the 2011 incident, Japanese public support for the nuclear restart now stands at more than 60%.[27]
Elon Musk drives the point home by saying countries should increase their nuclear power capabilities[28]…
In a 2022 interview, Musk called shutting down any nuclear plants not located in areas prone to natural disasters “crazy” and “total madness.”[29]
Germany has also followed Japan’s lead in shuttering its nuclear plants.
But with a European energy crisis in full swing, German policymakers are now reconsidering prolonging the life of the last three nuclear plants scheduled to go offline.[30]
“Countries should be increasing nuclear power generation.
It is insane from a national security standpoint and bad for the
environment to shut them down.”[31] — Elon Musk
INVESTOR ALERT: With nuclear energy set for a renaissance, I’m telling readers to keep their eyes on American Future Fuel Corporation (AFFCF) with its timely DOMESTIC uranium mining plan.*
Many experts now agree that nuclear power is the key to providing the world with clean, safe, and cheaper energy — an alternative to sky-high gas prices.[32]
Fortunately, nuclear power is one of the most cost-effective low-carbon options for generating electricity.[33]
But to meet the growing demand for sustainable energy, nuclear power must provide 25% of electricity globally before 2050 as part of a clean and reliable low-carbon mix.
To achieve this, nuclear power must triple globally by 2050.[34]
Several significant factors have combined to create a perfect storm of conditions in what some have called the “biggest energy source ‘comeback’ story of recent times.”[35]
“The policy landscape is changing, opening up opportunities for a nuclear comeback.” — International Energy Agency, June 2022[36]
One reason behind growing support for nuclear energy is that more policymakers now recognize its potential as a vital zero-emission electricity source that helps keep climate ambitions and targets alive.[37]
As you can see below, nuclear produces the least greenhouse gas emissions than other energy forms.
According to the International Energy Agency, nuclear energy can help make the energy sector’s transition from fossil fuels “faster and more secure.”
On the other hand, without nuclear power, it will be far more difficult to achieve net-zero goals by 2050.[39]
In speaking to the U.S. Senate Committee on Energy and Natural Resources, uranium industry insider Scott Melbye summed it up like this:
“Nuclear power is an indispensable part of the American economy.
The 93 commercial nuclear reactors currently in operation in the U.S.
power 1 in 5 American homes and provide over 50 percent of our
carbon-free power. The U.S. simply cannot meet President Biden’s
emissions reduction and electrification goals without nuclear power.”[40]
The “capacity factor” measures reliability — how often a plant runs at maximum power. And nuclear has the highest capacity factor of any other energy source.
This means nuclear can produce reliable, carbon-free power over 92% of the time. That’s nearly twice as reliable as a coal or natural gas plant — and almost 3 times as reliable as wind and solar plants.[41]
“Nuclear is ideal for dealing with climate change because it is the only carbon-free, scalable energy source that’s available 24 hours a day.”[43] — Bill Gates
Now, consider that one large nuclear-powered reactor could contain over 18 million pellets.[45] That’s a LOT of energy potential!
IMPORTANT:
All this helps explain why I’ve been keeping an eye on a small North American company called American Future Fuel Corporation (AFFCF), which is well-positioned for what may become the biggest comeback story for energy in recent history.* Its advanced mining exploration project in northern New Mexico is located on the site of several formerly operated uranium mines and known undeveloped deposits of uranium mineralization.[46]
The global energy crunch created by Russia’s invasion of Ukraine also makes nuclear power a more desirable option.
It’s clear that U.S. dependence on foreign sources for its uranium supply leaves the nuclear energy sector vulnerable to geopolitical conflict. According to a former Energy Secretary, “This is a recipe for disaster in today’s complex and unpredictable environment. Reducing dependence on foreign sources of uranium must be a national objective.” [47a]
Just look at how much our dependence on “foreign imports” for our uranium supply has increased over the years— while domestic production has dwindled…
Kazakhstan, controlled by Russia, is the world’s top uranium producer, accounting for roughly 40% of global uranium output in 2020.[48]
Russia also supplies 20% of the low-enriched uranium used to power U.S. reactors and is the lead supplier of fuel-ready uranium to the global market.[49]
During a March 2022 Senate Energy and Natural Resources Committee hearing, a senior adviser to Energy Secretary Jennifer Granholm warned that we need a “Western alternative to the Russian component of the uranium market.”[50]
In other words, increased domestic uranium production is essential for our economic and national security.
And we really need to ramp it up…
Because, while the U.S. purchases more than 45 million pounds of uranium annually, America produced only 21,000 pounds of U3O8 in 2021[52] — a tiny fraction of what we need.
That’s an important reason why I’m offering this urgent update today.
And fortunately, there’s a silver lining to this dark cloud…
Ed Lyman, director of nuclear power safety at the Union of Concerned Scientists, noted that sanctions on Russian uranium could send a long-lasting signal to the market that would continue to boost uranium prices. This could make it more economical for American uranium mines to become active again.[53a]
“Now, U.S. uranium miners say they see an opportunity to make some money helping the nation fight back against Russia. That would mean restarting idle mines, rebooting an industry in the U.S. that dramatically shrank in recent years when uranium prices were low.” — E & E News[54]
Approximately 100 miles long and up to 25 miles wide, the Grants Mineral Belt in northern New Mexico contains one of the world’s largest concentrations of sandstone-hosted uranium deposits. [55]
It encompasses several mining districts, which have, in the past, produced over 340 million pounds of U3O8. This makes it the single largest source of uranium production in the United States. [56]
And this is where American Future Fuel Corporation (AFFCF) holds a 100% interest in its Cebolleta Uranium Project.[57]
As an advanced uranium exploration project, the Cebolleta Project is the site of several formerly-operated uranium mines and other undeveloped deposits of uranium mineralization.
Seven sandstone uranium deposits are hosted within the boundaries of the Cebolleta property.
These deposits are part of a broad uranium mineralization area, including the Jackpile-Paguate deposit, located less than a mile south of the property. This was one of the largest concentrations of uranium mineralization in the U.S.
As you can see…
In their plan to restart the mining process, American Future Fuel (AFFCF) plans to explore in-situ recovery, a uranium extraction method with proven economic advantages and minimal environmental impact.[58]
And only 45 miles NW of Albuquerque, the project has existing infrastructure with year-round road access.
Millions of dollars have been spent on the project historically, with extensive exploration and development, both open pit and underground.
Best of all…
The Cebolleta Uranium Project has a historical resource of 19 million pounds of U308, based on the NI 43-101 report from 2014. This report encompassed areas I, II, III, and V. Additional areas of the project have been drilled but are not included in that resource calculation.[59]
American Future Fuel (AFFCF) intends to conduct future drilling across the entire Cebolleta Uranium Project with a focus on direct confirmation drilling — by twinning previous drill holes.
Hopefully this will confirm the historical resource and produce a current resource report. Also, additional drilling within the historical drill pattern could instill confidence in continuity of the project’s mineralization.
In particular, American Future Fuel (AFFCF) wants to update its historical resource by including data from its St. Anthony deposits.
American Future Fuel (AFFCF) believes that the previously uncalculated St. Anthony data from historical exploration, along with confirmation and new exploration data, will produce a current mineral resource estimate far exceeding the 2014 historically-inferred estimate.*
The St. Anthony area of the property hosts two distinct deposits historically developed as three separate mines that yielded about 1.6 million pounds of U308.
In 2021, geophysical surveys concluded that there might be more mineralization zones, than indicated in previous studies. However, additional geophysical and/or geotechnical work are required to confirm this. [60] [61]
“In 2014, exploration on the property ceased due to a general downturn in the uranium spot price. This led to a lapse of the previous owner’s exploration permit for the Cebolleta project. With a global uranium renaissance and focus on decarbonization, electrification, increased baseload and clean energy sources, along with some of the strongest fundamentals the uranium market has seen, the Company believes its recent acquisition of the Cebolleta Uranium Project bodes significant blue-sky potential for
the Company and its shareholders.”
— Luke Montaine, CEO of American Future Fuel Corp (AFFCF)
I urge you to see what American Future Fuel (AFFCF) has to offer smart investors at this crucial moment. *[62]
Even with all these factors, uranium exploration remains a speculative and risky venture and there is no assurance of success.
The price of uranium has historically experienced long bear markets followed by periods of strong growth as the result of certain catalysts.[63] [64]
Unfortunately, the American uranium mining industry was driven to near extinction by low prices following the 2011 Fukushima incident. That crisis caused governments worldwide to stall or shut down their nuclear plant projects, creating a surplus of uranium in the global marketplace.[65]
But those market dynamics have now shifted.
The Covid-19 pandemic forced uranium miners in nations such as Kazakhstan and Canada to stop production. This had an unintended consequence. Nuclear reactors had to start using the uranium surplus. This resulted in projections of future supply deficits for the uranium industry.[66]
Further complicating the situation, Russia’s invasion of Ukraine amplified the insecurity of the uranium supply chain, putting pressure on prices in all segments of the nuclear fuel cycle.[67]
Uranium’s value started to go up in the last quarter of 2021, hitting a nine-year high of $48 per pound in September 2021.[68]
Then, the price spiked after a Toronto-based investment fund bought millions of pounds of excess uranium supply for a new trust called the “Sprott Physical Uranium Trust.”[69]
John Ciampaglia, CEO of Sprott Asset Management, reports, “We think there is still a lot of runway left in the uranium price. There is a serious supply and demand imbalance in the market that can only be fixed with higher prices.”[70]
So it’s not surprising that some industry experts believe a new uranium bull market may be emerging — especially with the aggressive decarbonization goals, growing energy needs, and major policy shifts we’ve seen.[71] [72]
As one Canadian uranium company insider reports:
“I think we’re really in the early innings of a bull uranium market. And to be honest, the fundamentals are far superior in this cycle than they were in the early 2000s… I just think the fundamentals are far stronger [now], and they’re going to be for decades.”[73]
Uranium equity prices have recently performed strongly, a potential indicator for higher uranium prices.[74]
Historically, greater purchases of non-utility buyers, such as investment funds, hedge funds, and junior speculators, have pushed up uranium spot prices. Last year was projected to be the strongest non-utility buying year over the past decade.[75]
In March 2022, uranium prices soared to their highest level since the Fukushima disaster in 2011, peaking at about $57.23 per pound.[76]
According to Bank of America, rising support for nuclear energy coupled with a tight supply could see uranium spot prices return to $70 per pound by 2023.[77]
This adds to the reasons why American Future Fuel Corporation (AFFCF) deserves your consideration.*
Again, even with all these factors, uranium exploration/drilling remains a speculative and risky venture, and there is no assurance of success.
FOR OPPORTUNITY-MINDED INVESTORS:
American Future Fuel (AFFCF) shares are available for under $1.00
as of January 2023[78]
You’ve already seen some powerful factors kindling a reboot for this misunderstood energy sector. But there are more…
The 2022 Inflation Reduction Act recognizes nuclear energy’s vital role in achieving net-zero emissions. It includes support for existing nuclear plants, advanced nuclear energy projects, and the development of advanced nuclear fuel.[80]
In the earlier Bipartisan Infrastructure Law, the Biden administration established a $6 billion fund designed to help troubled nuclear plants keep their reactors operating to make them more competitive than resources such as wind and solar power.[81] It also includes $2.5 billion to support the demonstration of two advanced U.S. reactors by 2028.[82]
For the first time in 48 years, the Democratic platform supports nuclear power.[83] Recently, together with her Republican colleagues, California Democratic Senator Dianne Feinstein backed an extension of a California nuclear plant set for decommissioning.[84]
And just consider that the U.S. Department of Energy’s budget for the 2022 fiscal year earmarked a “historic” $46.2 billion investment in clean energy.[85]
This 2022 budget included a record $1.85 billion for the Office of Nuclear Energy, $370 million of which was allocated to the Advanced Reactor Demonstration Program.[86]
A U.S. Uranium Reserve has also been planned to support the operation of U.S. mines and ensure a backup supply of uranium.[87]
“Establishing the Uranium Reserve program is exactly what we need
at this crucial time to de-risk our nuclear fuel supply. It will create
jobs that support the U.S. economy and strengthen our domestic
mining and conversion services.”[88]
– U.S. Office of Nuclear Energy
Not all nuclear reactors come with the huge cone-shaped cooling tower structures you see on TV.
Small modular reactors (SMRs) are among the most promising emerging nuclear energy technologies — and a key part of the U.S. Department of Energy’s plan to develop new safe and affordable nuclear power plants.[89]
Unlike traditional reactors, these advanced reactors can be built in factories and shipped for deployment.[90] Their small land footprint, reduced capital investment, and distinct safeguards offer many advantages.[91]
SMRs have strong political and institutional support, with substantial grants in the United States and increased support in Canada, the UK, and France. This support makes it possible to attract private investors, bringing new players and supply chains to the nuclear industry.[92]
Even the Pentagon is getting into the act, entering deals to build tiny nuclear “microreactors” for the U.S. military.[93]
The demand for advanced nuclear reactors will be worth about $1 trillion globally, according to U.S. Secretary of Energy Jennifer Granholm.
“Bottom line is, spreading advanced nuclear energy is a priority for us,” Granholm said.[94]
The priority is clear when you see how many U.S. SMRs are planned or at near-term deployment.
As just one example…
TerraPower, a start-up founded by Bill Gates to develop advanced safer designs for nuclear reactors, is working to build its first demonstration nuclear power plant in a Wyoming frontier-era coal town.[96]
The plant is expected to cost around $4 billion, with half of the investment coming from the U.S. Department of Energy’s Advanced Reactor Demonstration program.[97]
“Advanced nuclear energy systems hold enormous potential to lower emissions, create new jobs, and build an even stronger economy.”[98] — U.S. Office of Nuclear Energy
No matter the size or type of reactor, their ability to produce electricity all hinges on one thing — uranium.
Just ask our defense department…
I’m sure you’re aware of nuclear-powered submarines. They’ve been around since 1955.[99a]
So, while submarines require nuclear power for their powerful propulsion systems, it is essential for vessels spending long periods at sea without the ability to refuel.
Few people are aware that the U.S. nuclear fleet is the largest nuclear fuel consumer in the world.[100]
Currently, around 160 U.S. ships are powered by over 200 small nuclear reactors. While most are subs, some icebreakers and aircraft carriers are also nuclear-powered.[101]
And their safety record is flawless.
The U.S. Navy has amassed over 6,200 reactor years of accident-free use over a half-century — without a single radiological incident.[102]
With such an excellent safety record, there is increased interest in nuclear propulsion for civilian merchant ships, especially with the transition away from burning fossil fuels.[103]
Because of its density, depleted uranium is also used for counterbalance weights and ballasts for marine vessels, aircraft, and even satellites destined for space.[104]
Speaking of outer space…
NASA is even developing new nuclear propulsion systems to help get humans to Mars sooner.[105a]
A key reason nuclear-powered rockets are so promising is due to their astonishing energy density, the “gummy bear” factor you heard about earlier.
Uranium fuel used in nuclear rockets has an energy density 4 million times higher than hydrazine, a typical chemical rocket propellant.
This makes it far easier to get to outer space, using a small quantity of uranium versus hundreds of thousands of gallons of conventional fuel.[106]
In addition to commercial nuclear power plants, about 220 research reactors operate in over 50 countries, with more under construction. As well as being used for research and training, many reactors produce medical and industrial isotopes.[107]
In medicine, radioisotopes are widely used for diagnosis and treatment.
For example, uranium isotopes can deliver targeted particles that can destroy cancer cells, even those that have spread or metastasized.[108a]
About 50% of people in the Western world are likely to experience the benefits of nuclear medicine during their lifetime.[109]
The HEAT produced by nuclear reactors can also be used directly rather than to solely generate electricity. In colder countries such as Sweden, China, and Russia, this surplus heat is used to raise the temperature in buildings.[110]
Nuclear heat can also be used for industrial processes, including water desalination. Nuclear desalination is projected to be a significant growth area over the next decade.[111]
This is critical, considering that around 1/5 of the world’s population has no access to safe drinking water. This global threat may grow more dire due to population growth and shrinking water resources.[112]
And according to the International Atomic Energy Agency, only nuclear reactors can deliver the copious quantities of energy required for large-scale desalination projects in the future.[113]
Are you starting to see why I’m so excited about American Future Fuel Corporation (AFFCF) and their New Mexico Cebolleta Uranium Project?
Based on my research, American Future Fuel Corporation (AFFCF) is worthy of your consideration, and here’s a brief recap of some key reasons why:
BIG REASON #1: Nuclear Energy is Safe and Clean.
Nuclear energy is arguably safer than wind, solar, natural gas, oil, and other energy sources.[114] The U.S. Navy has accrued over 6,200 reactor-years of accident-free use over a half century — without a single radiological incident.[115] Nuclear energy also produces the fewest greenhouse gas emissions compared to other forms of energy.[116] This means it can help ramp up the transition from fossil fuels to clean energy to meet climate goals.[117]
BIG REASON #2: Changing Attitudes and Policies.
The federal government and individual state governments are now committed to advancing nuclear power to meet our nation’s decarbonization goals. Over the past year, there’s been significant movement in state policy to pursue nuclear. The industry has also seen strong bipartisan support from Congress, like the recently-passed infrastructure package’s major investments in nuclear energy.[118]
BIG REASON #3: Our Uranium Supply Has National and Energy Security Implications.
America’s reliance on Russia for its uranium supply has grave implications for national security and our ability to meet our energy and defense needs. Very little of the nuclear fuel our country needs comes from domestic producers today, leading to extreme vulnerability.[119]
BIG REASON #4: American Future Fuel’s (AFFCF) Cebolleta Uranium Project is Located Smack-Dab in the Largest Historical Source of U.S. Uranium Production.
The Grants Mineral Belt in northern New Mexico has produced more than 340 million pounds of U3O8, making it the single largest historical source of uranium production in the United States.
BIG REASON #5: Over 19 Million Pounds in the Ground?
American Future Fuel’s (AFFCF) Cebolleta Uranium Project has a historical resource of 19 million pounds of U308, based on the 2014 NI 43-101 Resource report. And this does not include the potential upside of the St. Anthony deposits.*
BIG REASON #6: Uranium is Emerging From a Long Bear Market.
America’s long-dormant uranium market is finally perking up. The powerful tailwinds revitalizing the nuclear sector are supported by aggressive climate goals, growing energy needs, and major policy shifts we’ve seen.[120] So it’s not surprising that some industry experts believe a new uranium bull market may be emerging.
BIG REASON #7: Small Modular Reactors (SMRs) are the Wave of the Future.
SMRs are among the most promising emerging nuclear energy technologies — and a key part of the U.S. Department of Energy’s plan to develop new safe and affordable nuclear power plants.[121] The demand for advanced nuclear reactors will be worth about $1 trillion globally, according to U.S. Secretary of Energy Jennifer Granholm.[122]
BIG REASON #8: Uranium Supply/Demand Imbalance.
The imbalance between uranium production and demand is likely to grow, with production linked to higher prices. The 2021 edition of the World Nuclear Association’s Nuclear Fuel Report shows a 27% increase in uranium demand between 2021-30 and a 38% increase in uranium demand for the decade 2031-2040.[123]
BIG REASON #9: The Gummy Bear Factor.
Uranium’s high-energy density means that a nuclear fuel pellet, roughly the size of a gummy bear, has as much energy as 3 barrels of oil, 1 ton of coal, or 17,000 cubic feet of natural gas! In addition, due to its high density, uranium-powered rocket fuel will help humans reach Mars and other outer space destinations faster.[125]
BIG REASON #10: Our Military Needs Uranium to Power its Vessels.
To defend ourselves and our allies, submarines, icebreakers, and aircraft carriers need nuclear power to stay fueled for long periods of time.[126] The U.S. nuclear fleet is the largest nuclear fuel consumer in the world.[127]
BIG REASON #11: Nuclear Energy Has the Power to Save Lives.
Nuclear reactors have the potential to cogenerate heat along with electricity. They may also be used for desalination with or without cogenerating electricity. Nuclear desalination will likely be a significant growth area over the next decade.[128] In addition, uranium plays a role in nuclear medicine. For example, uranium isotopes can target and destroy cancer cells.[129]
BIG REASON #12: Strong and Professional Leadership.
CEO Luke Montaine has been involved in capital markets for over 18 years in various capacities. He oversees a strong, experienced, and professional team at American Future Fuel Corporation (AFFCF), who are passionate about providing clean energy solutions.
BONUS BIG REASON #13: Recent Acquisition Increases Shareholder Value.
In September 2022, the company acquired the Red Basin Uranium Project, comprised of 400 lode claims containing a 7,320-acre land mass. Located about 56 miles south of the New Mexico Grants Mineral Belt, uranium occurrences on the property were determined using hand‐held instruments. A primary exploration target where recent drilling has occurred has been located.[130]
BOTTOM LINE:
I believe American Future Fuel Corporation (AFFCF) is currently undervalued but well-positioned to become a key part of America’s renewed domestic uranium supply chain.*
DON’T MISS YOUR OPPORTUNITY TO LOCK IN YOUR POSITION WITH AMERICAN FUTURE FUEL CORPORATION (AFFCF)
If you wish to have an opportunity to be among the potential early-bird big winners in the coming uranium resurgence*, you should show this report to your investment advisor or broker.
American Future Fuel Corporation (AFFCF) is a North American resource company focused on the strategic acquisition, exploration, and development of alternative energy projects.
The company holds a 100% interest in the Cebolleta Uranium Project located within the Grants Mineral Belt of northern New Mexico. Mining districts in this region have produced over 340 million pounds of U308, making it the single largest historical source of uranium production in the U.S.[131]
While investing in this small-cap company has a potential for reward, young companies with great stories can carry a significant amount of risk… that risk ranges from being underfunded to having a small number of shares available to the public. And, of course, past performance is no guarantee of future results.*
I am not an investment advisor. But my rule and caution to all my readers is to never invest more than you can afford to lose. And do not chase losses. If prices slide, it’s important to resist the temptation to “average down.”*
And to minimize your risk, any investment you might make in American Future Fuel Corporation (AFFCF) should be part of a wider asset allocation strategy in your portfolio.
Regardless, I believe my analysis of the potential reward of American Future Fuel Corporation (AFFCF) is a good one.*
I wish you much success in all your investments.
– Mike Casson
Investingtrends.com
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* See our Important Notice and Disclaimer above for a detailed discussion on compensation, risks, atypical results, and more.
[1a] https://www.cbc.ca/news/science/yellowcake-explained-1.703864
[1b] Image Source https://www.shutterstock.com/image-photo/uranium-radioactive-ore-on-isolated-white-1927601432
[2] https://www.yellowcakeplc.com/uranium-market/
[3] https://oilprice.com/Energy/Energy-General/Nuclear-Power-Is-Staging-A-Remarkable-Comeback.html
[4] https://oilprice.com/Energy/Energy-General/Nuclear-Power-Is-Staging-A-Remarkable-Comeback.html
[5] https://education.nationalgeographic.org/resource/nuclear-energy
[6] https://www.eenews.net/articles/could-russias-invasion-of-ukraine-revive-u-s-uranium-mining/
[7] https://www.energy.senate.gov/services/files/4139EE30-5A5E-4FA4-814B-2CDD6486725E
[8] https://www.eenews.net/articles/could-russias-invasion-of-ukraine-revive-u-s-uranium-mining/
[9] https://www.bloomberg.com/news/articles/2022-06-07/us-seeks-4-3-billion-for-nuclear-fuel-to-wean-off-russia-supply#xj4y7vzkg
[10] https://americanfuturefuel.com/
[11] https://secureservercdn.net/104.238.70.184/qhr.8ce.myftpupload.com/wp-content/uploads/2022/05/AmericanFutureFuel_PPT_V19e.pdf
[12] https://www.barrons.com/articles/elon-musk-nuclear-power-uranium-stocks-51661789801
[13] https://www.energyforhumanity.org/en/briefings/energy/nuclear-power-and-safety-the-facts/
[14] https://secureservercdn.net/104.238.70.184/qhr.8ce.myftpupload.com/wp-content/uploads/2022/05/AmericanFutureFuel_PPT_V19e.pdf
[15] https://thehill.com/blogs/congress-blog/energy-environment/541857-a-nuclear-frontier/
[16] https://world-nuclear.org/information-library/nuclear-fuel-cycle/introduction/what-is-uranium-how-does-it-work.aspx
[17] https://www.eia.gov/energyexplained/nuclear/
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[61] https://www.evolvinggold.com/docs/Intro-Cebolleta-uranium-43-101.pdf
[62] https://www.google.com/finance/quote/AFFCF:OTCMKTS?hl=en
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[64] https://sprott.com/insights/video-the-bear-market-for-uranium-is-over/
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[66] https://www.eenews.net/articles/could-russias-invasion-of-ukraine-revive-u-s-uranium-mining/
[67] https://www.cameco.com/invest/markets/supply-demand
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[69] https://capital.com/uranium-price-forecast
[70] https://americanfuturefuel.com/uranium-price-has-a-lot-more-runway-left-and-needs-to-double-for-supply-to-meet-demand-sprotts-ciampaglia/
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[72] https://sprott.com/insights/video-the-bear-market-for-uranium-is-over/
[73] https://investingnews.com/this-uranium-bull-market-different/
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[76] https://capital.com/uranium-price-forecast
[77] https://www.marketindex.com.au/news/uranium-prices-should-continue-measured-increase-to-ususd70-by-2023-boa
[78] https://www.google.com/finance/quote/AFFCF:OTCMKTS?hl=en
[79] https://www.nytimes.com/2022/07/05/business/energy-environment/nuclear-energy-politics.html
[80] https://oilprice.com/Energy/Energy-General/Nuclear-Power-Is-Staging-A-Remarkable-Comeback.html
[81] https://www.nytimes.com/2022/07/05/business/energy-environment/nuclear-energy-politics.html
[82] https://www.energy.gov/ne/articles/5-nuclear-energy-stories-watch-2022
[83] https://encoreuranium.com/industry-and-media/nuclear-energy-the-future/
[84] https://www.nytimes.com/2022/07/05/business/energy-environment/nuclear-energy-politics.html
[85] https://www.nytimes.com/2022/07/05/business/energy-environment/nuclear-energy-politics.html
[86] https://www.world-nuclear-news.org/Articles/US-FY2022-budget-request-includes-record-for-nucle#:~:text=The%20DOE’s%20budget%20request%20totals,the%20enacted%20budget%20for%20FY21.
[87] https://www.energy.gov/ne/articles/building-uranium-reserve-first-step-preserving-us-nuclear-fuel-cycle
[88] https://www.energy.gov/ne/articles/building-uranium-reserve-first-step-preserving-us-nuclear-fuel-cycle
[89] https://www.energy.gov/ne/advanced-small-modular-reactors-smrs
[90] https://theweek.com/nuclear-power/1016367/a-comeback-for-nuclear-power
[91] https://www.energy.gov/ne/advanced-small-modular-reactors-smrs
[92] https://iea.blob.core.windows.net/assets/0498c8b8-e17f-4346-9bde-dad2ad4458c4/NuclearPowerandSecureEnergyTransitions.pdf
[93] https://www.popularmechanics.com/military/a31294499/pentagon-nuclear-microreactors/
[94] https://maritime-executive.com/editorials/should-shipping-give-more-thought-to-nuclear-power
[95] https://www.globalxetfs.com/nuclear-energy-and-uranium-moving-into-the-mainstream/
[96] https://www.cnbc.com/2021/11/17/bill-gates-terrapower-builds-its-first-nuclear-reactor-in-a-coal-town.html
[97] https://www.cnbc.com/2021/11/17/bill-gates-terrapower-builds-its-first-nuclear-reactor-in-a-coal-town.html
[98] https://www.energy.gov/ne/advanced-reactor-demonstration-program
[99a] https://world-nuclear.org/information-library/non-power-nuclear-applications/transport/nuclear-powered-ships.aspx
[99b] Image Source https://www.shutterstock.com/image-photo/submarine-usa-submarines-us-navy-american-2068617785
[100] https://www.energy.senate.gov/services/files/4139EE30-5A5E-4FA4-814B-2CDD6486725E
[101] https://world-nuclear.org/information-library/non-power-nuclear-applications/transport/nuclear-powered-ships.aspx
[102] https://world-nuclear.org/information-library/non-power-nuclear-applications/transport/nuclear-powered-ships.aspx
[103] https://world-nuclear.org/information-library/non-power-nuclear-applications/transport/nuclear-powered-ships.aspx
[104] https://apps.who.int/iris/bitstream/handle/10665/66930/WHO_SDE_PHE_01.1_chap4-5.pdf?sequence=3&isAllowed=y
[105a] https://www.nasa.gov/directorates/spacetech/nuclear-propulsion-could-help-get-humans-to-mars-faster
[105b] Image Source https://www.shutterstock.com/image-illustration/spacecraft-orbiting-red-planet-3d-scene-219435709
[106] https://theconversation.com/to-safely-explore-the-solar-system-and-beyond-spaceships-need-to-go-faster-nuclear-powered-rockets-may-be-the-answer-137967
[107] https://world-nuclear.org/information-library/current-and-future-generation/nuclear-power-in-the-world-today.aspx
[108a] https://www.energy.gov/science/ip/articles/harnessing-power-uranium-treat-disease
[108b] Image Source https://www.shutterstock.com/image-photo/man-receiving-electron-radiation-therapy-skin-1127876831
[109] https://world-nuclear.org/information-library/nuclear-fuel-cycle/introduction/what-is-uranium-how-does-it-work.aspx
[110] https://world-nuclear.org/information-library/nuclear-fuel-cycle/introduction/what-is-uranium-how-does-it-work.aspx
[111] https://world-nuclear.org/information-library/nuclear-fuel-cycle/introduction/what-is-uranium-how-does-it-work.aspx
[112] https://world-nuclear.org/information-library/non-power-nuclear-applications/industry/nuclear-desalination.aspx
[113] https://world-nuclear.org/information-library/non-power-nuclear-applications/industry/nuclear-desalination.aspx
[114] https://secureservercdn.net/104.238.70.184/qhr.8ce.myftpupload.com/wp-content/uploads/2022/05/AmericanFutureFuel_PPT_V19e.pdf
[115] https://world-nuclear.org/information-library/non-power-nuclear-applications/transport/nuclear-powered-ships.aspx
[116] https://secureservercdn.net/104.238.70.184/qhr.8ce.myftpupload.com/wp-content/uploads/2022/05/AmericanFutureFuel_PPT_V19e.pdf
[117] https://iea.blob.core.windows.net/assets/0498c8b8-e17f-4346-9bde-dad2ad4458c4/NuclearPowerandSecureEnergyTransitions.pdf
[118] https://www.nei.org/news/2022/more-voices-saying-more-nuclear
[119] https://www.prnewswire.com/news-releases/uranium-energy-corps-executive-vp-scott-melbye-testifies-before-the-us-senate-committee-on-energy–natural-resources-301518621.html
[120] https://secureservercdn.net/104.238.70.184/qhr.8ce.myftpupload.com/wp-content/uploads/2022/05/AmericanFutureFuel_PPT_V19e.pdf
[121] https://www.energy.gov/ne/advanced-small-modular-reactors-smrs
[122] https://maritime-executive.com/editorials/should-shipping-give-more-thought-to-nuclear-power
[123] https://secureservercdn.net/104.238.70.184/qhr.8ce.myftpupload.com/wp-content/uploads/2022/05/AmericanFutureFuel_PPT_V19e.pdf
[124] https://secureservercdn.net/104.238.70.184/qhr.8ce.myftpupload.com/wp-content/uploads/2022/05/AmericanFutureFuel_PPT_V19e.pdf
[125] https://theconversation.com/to-safely-explore-the-solar-system-and-beyond-spaceships-need-to-go-faster-nuclear-powered-rockets-may-be-the-answer-137967
[126] https://world-nuclear.org/information-library/non-power-nuclear-applications/transport/nuclear-powered-ships.aspx
[127] https://www.energy.senate.gov/services/files/4139EE30-5A5E-4FA4-814B-2CDD6486725E
[128] https://world-nuclear.org/information-library/nuclear-fuel-cycle/introduction/what-is-uranium-how-does-it-work.aspx
[129] https://www.energy.gov/science/ip/articles/harnessing-power-uranium-treat-disease
[130] https://americanfuturefuel.com/american-future-fuel-acquires-prospective-red-basin-uranium-project/
[131] https://secureservercdn.net/104.238.70.184/qhr.8ce.myftpupload.com/wp-content/uploads/2022/05/AmericanFutureFuel_PPT_V19e.pdf
Ad Note References:
https://www.nei.org/news/2022/more-voices-saying-more-nuclear
https://fortune.com/2022/08/27/elon-musk-says-shutting-down-nuclear-power-plants-insane-anti-human-national-security-risk-environmental-threat/
https://www.bloomberg.com/news/articles/2018-10-30/nuclear-fusion-financed-by-billionaires-bill-gates-jeff-bezos#xj4y7vzkg
https://www.energy.senate.gov/services/files/4139EE30-5A5E-4FA4-814B-2CDD6486725E
https://world-nuclear.org/information-library/non-power-nuclear-applications/transport/nuclear-powered-ships.aspx
https://www.google.com/finance/quote/PDN:ASX?hl=en&window=MAX
https://www.pbs.org/newshour/nation/trump-wants-1-5-billion-to-revive-uranium-mining
https://www.bloomberg.com/news/articles/2022-06-07/us-seeks-4-3-billion-for-nuclear-fuel-to-wean-off-russia-supply#xj4y7vzkg
https://thehill.com/policy/energy-environment/543267-house-republicans-pitch-nuclear-natural-gas-as-cleaner-energy/
https://www.forbes.com/sites/robertbryce/2020/08/23/after-48-years-democrats-endorse-nuclear-energy-in-platform/?sh=750f491c5829
https://sprott.com/insights/sprott-uranium-report-dawn-of-a-new-nuclear-renaissance/
https://www.iea.org/reports/nuclear-power-in-a-clean-energy-system
https://www.bloomberg.com/news/articles/2022-03-22/tech-billionaires-rally-around-nuclear-as-energy-crisis-looms
https://fortune.com/2022/08/27/elon-musk-says-shutting-down-nuclear-power-plants-insane-anti-human-national-security-risk-environmental-threat/
https://oilprice.com/Alternative-Energy/Nuclear-Power/The-Two-Billionaires-Reimagining-Nuclear-Energy.html
https://education.nationalgeographic.org/resource/nuclear-energy
https://investingnews.com/this-uranium-bull-market-different/
https://secureservercdn.net/104.238.70.184/qhr.8ce.myftpupload.com/wp-content/uploads/2022/05/AmericanFutureFuel_PPT_V19e.pdf
https://www.yellowcakeplc.com/uranium-market/
https://world-nuclear.org/information-library/country-profiles/countries-t-z/usa-nuclear-fuel-cycle.aspx
https://www.cameco.com/invest/markets/supply-demand
Based on my research, American Future Fuel Corporation (AFFCF) is worthy of your consideration, and here’s a brief recap of some key reasons why:
BIG REASON #1: Nuclear Energy is Safe and Clean.
Nuclear energy is arguably safer than wind, solar, natural gas, oil, and other energy sources.[114] The U.S. Navy has accrued over 6,200 reactor-years of accident-free use over a half century — without a single radiological incident.[115] Nuclear energy also produces the fewest greenhouse gas emissions compared to other forms of energy.[116] This means it can help ramp up the transition from fossil fuels to clean energy to meet climate goals.[117]
BIG REASON #2: Changing Attitudes and Policies.
The federal government and individual state governments are now committed to advancing nuclear power to meet our nation’s decarbonization goals. Over the past year, there’s been significant movement in state policy to pursue nuclear. The industry has also seen strong bipartisan support from Congress, like the recently-passed infrastructure package’s major investments in nuclear energy.[118]
BIG REASON #3: Our Uranium Supply Has National and Energy Security Implications.
America’s reliance on Russia for its uranium supply has grave implications for national security and our ability to meet our energy and defense needs. Very little of the nuclear fuel our country needs comes from domestic producers today, leading to extreme vulnerability.[119]
BIG REASON #4: American Future Fuel’s (AFFCF) Cebolleta Uranium Project is Located Smack-Dab in the Largest Historical Source of U.S. Uranium Production.
The Grants Mineral Belt in northern New Mexico has produced more than 340 million pounds of U3O8, making it the single largest historical source of uranium production in the United States.
BIG REASON #5: Over 19 Million Pounds in the Ground?
American Future Fuel’s (AFFCF) Cebolleta Uranium Project has a historical resource of 19 million pounds of U308, based on the 2014 NI 43-101 Resource report. And this does not include the potential upside of the St. Anthony deposits.*
BIG REASON #6: Uranium is Emerging From a Long Bear Market.
America’s long-dormant uranium market is finally perking up. The powerful tailwinds revitalizing the nuclear sector are supported by aggressive climate goals, growing energy needs, and major policy shifts we’ve seen.[120] So it’s not surprising that some industry experts believe a new uranium bull market may be emerging.
BIG REASON #7: Small Modular Reactors (SMRs) are the Wave of the Future.
SMRs are among the most promising emerging nuclear energy technologies — and a key part of the U.S. Department of Energy’s plan to develop new safe and affordable nuclear power plants.[121] The demand for advanced nuclear reactors will be worth about $1 trillion globally, according to U.S. Secretary of Energy Jennifer Granholm.[122]
BIG REASON #8: Uranium Supply/Demand Imbalance.
The imbalance between uranium production and demand is likely to grow, with production linked to higher prices. The 2021 edition of the World Nuclear Association’s Nuclear Fuel Report shows a 27% increase in uranium demand between 2021-30 and a 38% increase in uranium demand for the decade 2031-2040.[123]
BIG REASON #9: The Gummy Bear Factor.
Uranium’s high-energy density means that a nuclear fuel pellet, roughly the size of a gummy bear, has as much energy as 3 barrels of oil, 1 ton of coal, or 17,000 cubic feet of natural gas! In addition, due to its high density, uranium-powered rocket fuel will help humans reach Mars and other outer space destinations faster.[125]
BIG REASON #10: Our Military Needs Uranium to Power its Vessels.
To defend ourselves and our allies, submarines, icebreakers, and aircraft carriers need nuclear power to stay fueled for long periods of time.[126] The U.S. nuclear fleet is the largest nuclear fuel consumer in the world.[127]
BIG REASON #11: Nuclear Energy Has the Power to Save Lives.
Nuclear reactors have the potential to cogenerate heat along with electricity. They may also be used for desalination with or without cogenerating electricity. Nuclear desalination will likely be a significant growth area over the next decade.[128] In addition, uranium plays a role in nuclear medicine. For example, uranium isotopes can target and destroy cancer cells.[129]
BIG REASON #12: Strong and Professional Leadership.
CEO Luke Montaine has been involved in capital markets for over 18 years in various capacities. He oversees a strong, experienced, and professional team at American Future Fuel Corporation (AFFCF), who are passionate about providing clean energy solutions.
BONUS BIG REASON #13: Recent Acquisition Increases Shareholder Value.
In September 2022, the company acquired the Red Basin Uranium Project, comprised of 400 lode claims containing a 7,320-acre land mass. Located about 56 miles south of the New Mexico Grants Mineral Belt, uranium occurrences on the property were determined using hand‐held instruments. A primary exploration target where recent drilling has occurred has been located.[130]