- Imports from
Moscow will cease 90 days after bill is enacted - Uranium prices held steady around increases gained during late 2023 rally
Canada major contributor to projected 11%+ growth in uranium production in 2024
Please click to view image
Data Source BusinessInsider.com
America’s dependence on imported Russian uranium dates back to a 1993 nuclear disarmament program soon after the end of the Cold War. Currently, Russian enriched uranium supplies roughly 20% of America’s nuclear fuel. US companies pay roughly
To help offset imports from
MegaWatt’s CEO,
For Additional Information
Investors can learn more about the Company, our team and latest news at https://megawattmetals.com.
Facebook, X (Twitter), Instagram, LinkedIn, YouTube
About
MegaWatt is a
MegaWatt has acquired a 100% interest in a company that holds a 100% interest (subject to a 1.5% NSR) in the Benedict Mountains Uranium Property, consisting of 2 mineral licenses covering an area of approximately 350 hectares in the Central Mineral Belt on the east coast of
MegaWatt holds a 100% undivided interest (subject to a 1.5% NSR) on all base, rare earth elements and precious metals, in the Cobalt Hill Property, consisting of 8 mineral claims covering an area of approximately 1,727.43 hectares located in the Trail Creek Mining Division in the Province of
Additionally, the Company has acquired a 100% interest in a company that indirectly holds a 100% interest (subject to a 2% NSR) in the
MegaWatt holds a 100% interest (subject to a 2% NSR) in and to the Route 381 Lithium Property, comprised of 40 mineral claims located in James Bay Territory, north of
On Behalf of the Board of Directors,
V7X 1M5
For Further Information Please Contact:
kelvin@megawattmetals.com, (236) 521-6500
Sources:
1.https://www.morningstar.com/news/globe-newswire/9066905/global-uranium-mining-output-expected-to-rise-117-in-2024-due-to-kazakh-and-canadian-growth
2.https://www.washingtonpost.com/business/2024/05/13/russian-uranium-imports-ban/
3.https://tradingeconomics.com/commodity/uranium
4.https://world-nuclear.org/information-library/country-profiles/countries-a-f/canada-uranium.aspx
The CSE does not accept responsibility for the adequacy or accuracy of this release.
This press release includes "forward-looking information" that is subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. These forward-looking statements or information may relate to the Company’s business plans, the exploration plans of the Company and the timing thereof, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.
![](https://ml.globenewswire.com/media/NzllODFiMTQtNDNlNS00Y2JiLWE3ZTItZDVjMmUwZWQ2N2M4LTUwMDEyMzAyNA==/tiny/MegaWatt-Lithium-and-Battery-M.png)
2024 GlobeNewswire, Inc., source