Argentina’s Nuclear Future

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Mark2

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Argentina’s Nuclear Future

posted on Oct 13, 2017 05:13PM

Argentina's Nuclear Future

Hallgarten and Co analyst, Christopher Ecclestone, has written an outstanding and comprehensive summary on the nuclear framework of Argentina - PDF available via the following link.

http://www.u3o8corp.com/exciting-take-on-argentinas-nuclear-future-from-hallgarten-analyst-christopher-ecclestone/

He summarizes the history of nuclear electricity generation in Argentina and the direction in which the country is moving forward. He highlights that uranium production is the one conspicuous gap in the otherwise complete Argentine nuclear energy program. He also points out that Brazilian uranium production is falling short of future demand and therefore represents a logical export opportunity for Argentine uranium production.

The release of this report is timely, just over a week ahead of the Argentine mid-term elections in which President Macri's pro-business government is expected to be given a strong mandate to continue with pro-business economic reforms.

U3O8 Corp.'s Laguna Salada project is the only uranium-vanadium deposit in Argentina that has both an NI 43-101 resource estimate and preliminary economic assessment, and is well positioned to benefit from Argentina's demand for uranium for its reactors. Argentina currently imports all of the uranium required for its reactors.

The vanadium at Laguna Salda also represents an interesting opportunity since the merits of industrial-scale storage capacity of vanadium redox batteries (VRB) are finally being more widely recognized. These batteries would be a logical fit to support Argentina's aim to produce 20% of the country's electricity demand from renewables by 2020.