The Zhitong Finance App learned that CGN Mining (01164) is now up more than 4%. As of press release, it has risen 3.63% to HK$2, with a turnover of HK$404.926 million.

According to the news, according to Numerco data, this week's U3O8 price is 89.25 US dollars/pound, up 0.6% from last week. Uranium prices continue to operate at a high level, supply is fluctuating continuously, demand is rising steadily, and inventories continue to reach historic lows. Their regulatory effect on price provision will continue to decline, the elasticity of uranium prices will increase, and the price center is expected to continue to rise.

Shanxi Securities previously stated that several uranium project developers are actively promoting the restart of dormant mines and the construction of new projects. The increasing attention paid by governments to nuclear energy is compounded by the long-standing gap between supply and demand, and the natural uranium industry is expected to continue to rise. The company is the only platform for the development of uranium resources under the CGN Group. As Austrian mining capacity climbed and the construction and commissioning of Canada's Fission project, the increase in production capacity continued. Benefiting from high uranium prices, we continue to be optimistic about the company's profitability.