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What’s The Next Big Thing? Rick Rule, Amir Adnani - Part 2
Amir Adnani, CEO, UEC
Rick Rule, CEO of Sprott U.S. Holdings, and Amir Adnani, CEO of Uranium Energy Corp., discuss the role base metals play in the future of energy.Rule said that while cobalt is attracting media attention for its use in the “electrification of things,” investors need to be cautious of companies that are not legitimately mining cobalt.“You have to be in Congo, or you have to be in Russia,” Rule told Kitco News on the sidelines of the PDAC 2018. “Everybody wants to be in politically secure, politically correct cobalt. It’s as if they wanted a cobalt discovery in Kansas. But there isn’t any.”Adnani noted that while cobalt may play an important role in the battery theme, the often ignored phase of recharging those batteries is equally important, and this is where uranium comes into play.“If everyone wants to drive an electric vehicle, and everyone needs to recharge these batteries around the clock at different points in time, the need for de-carbonizing the economy at the same time as making sure electricity is available around the clock can only be made available through nuclear power,” Adnani said. (show less)
Rick Rule, CEO of Sprott U.S. Holdings, and Amir Adnani, CEO of Uranium Energy Corp., discuss the role base metals play in the future of energy.Rule said that while cobalt is attracting media attention for its use in the “electrification of things,” investors need to be cautious of companies that are not legitimately mining cobalt.“You have to be in Congo, or you have to be in Russia,” Rule told Kitco News on the sidelines of the PDAC 2018. “Everybody wants to be in ... (read more)
PDAC 2018
The Prospectors & Developers Association of Canada (PDAC) is best known for its annual convention, bringing together prospectors, developers, geoscientists, consultants, and mining executives, among others. Considered the mammoth of all mining conferences, this annual event attracts more than 24,000 attendees from more than 130 countries. Don't miss our coverage brought to you by Uranium Energy Corp and GoldMining Inc.Disclaimer: The content on this website, including, without limitation, news, videos, interviews and commentaries, is provided by Kitco Metals Inc. ("Kitco") for informational purposes only and is not intended as any form of advice, whether legal, accounting, investment, financial or tax advice. Therefore, it cannot be relied upon as such. Should you require such advice, contact a licensed professional. The content provided herein is provided on an "as is" basis without any warranty of any kind, whether express or implied and your use of the information provided in said content is entirely at your own risk. In no event will Kitco be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content on this website.
