John Borshoff: The Epic Story of Paladin and Where Uranium Will Go Next
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John describes his early career and how he became involved with uranium after the 1970’s oil shock. He received a very broad-based education into the field which led to a consulting company and in 1993 he founded Paladin.
The history of uranium mining is quite short having started in the 1950s for the weapons industry, and then electrical uses began to drive demand in the 1960s. There were few juniors back then, with one of the few companies being Denison Mines. Paladin was the second company that developed an extensive knowledge base of the uranium space, and one that became respected.
Time Stamp Reference:
01:00 – John’s background in uranium and junior mining.
05:00 – The early history of uranium mining.
10:10 – Paladins initial difficulties with uranium and the fantastic results.
12:00 – Current production levels are unsustainable.
15:30 – Differences with uranium compared to other metals.
17:00 – Recent decline in knowledgeable people in the uranium space.
19:00 – Industry requirements in the uranium space.
23:50 – KazAtomProm history and production; costs are increasing.
27:00 – Next phase of uranium bull run will have greater depth.
31:00 – Cameco’s position on uranium and long-term contracts.
35:00 – DeepYellow’s strategy and geographical focus.