Niger is considered the fifth largest uranium producer globally and acted as the largest supplier of uranium oxide to the European continent in 2021. GoviEx is one of the largest uranium explorers on the African continent and is developing its flagship Madaouela project in Niger into the next producing mine. If there is an expected rebound in the uranium price, these, in particular, should perform with leverage over established producers. The primary beneficiaries of the government programs are domestic uranium producers such as Cameco and Fission Uranium or exploration companies such as GoviEx Uranium that are about to start production. Similarly, US President Joe Biden is supporting the uranium sector in the United States with a USD 4.3 billion plan to minimize dependence on Russia and address the energy crisis.

Canada has announced it will provide CAD 970 million to develop a grid-scale small modular reactor, which is being promoted as a key part of the country's plans to reduce emissions. In contrast, major industrialized countries such as Canada and the USA are focusing on constructing new, state-of-the-art reactors and subsidizing them massively. The share of nuclear power used to generate electricity in Germany was only 6.0% in the first half of 2022 and will be reduced to zero soon by the planned closure of the last three active nuclear reactors. This is to be achieved by accelerating the expansion of renewable energies to 100% in electricity generation and altogether abandoning fossil fuels. Germany aims to become greenhouse-neutral by 2045 and thus meet the global climate goal of limiting global warming to less than 2 degrees Celsius.

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