| Home | Our Story | The Team | Greenland | Projects | Rare Earth Elements |
Uranium | Galleries | Investor Information |
Community & Environment |
Employment | Contact |
Uranium
Uranium UsesUranium is most widely known for its unique radioactive properties and it is these radioactive properties that drive most of its commercial use. Uranium’s primary commercial use is as a fuel to generate electricity. Currently, uranium produces approximately 16% of the world’s electricity, and with global electricity demand expected to double in the next 25 years, it is anticipated that uranium’s importance as a base-load energy supply will only increase. Unlike other base-load energy supplies, such as coal, oil and gas, uranium emits no greenhouse gasses. Uranium is also an incredibly efficient fuel; 1 kg of uranium can produce approximately 50,000 kwh (kilowatt hour) of electricity, whereas 1 kg of coal will produce only 3 kwh of electricity and emits greenhouse gasses in the process.
Technology associated with renewable energy sources, such as solar, wind and tide, is improving all the time, but can still only contribute intermittently to a base-load electricity supply. One day, renewable energy sources may be the dominant supply of electricity globally, but we are many decades from this point, and until the technology is sufficient, uranium offers a continuous, clean, safe and reliable energy source.
Aside from a source to generate electricity, uranium has several other uses. Radioisotopes are produced in nuclear reactors and are used in the numerous medical procedures such as radiotherapy (treatment for cancer), brain scans, and heart and thyroid tests. Radioisotopes are also used in agriculture to help increase crop yields, and control pests.
|
