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Cryptocurrency Merchant Accounts Introducing Revolutionizing Transactions

KISS PR Brand Story

In a move that reflects the rapid evolution of digital finance, businesses are set to experience a paradigm shift with the introduction of Cryptocurrency Merchant Accounts. This groundbreaking development heralds a new era in payment processing, positioning cryptocurrencies as integral players in the mainstream commerce landscape. Cryptocurrency Merchant Accounts pave the way for businesses to seamlessly integrate digital currencies into their payment processing systems. As cryptocurrencies gain widespread recognition, this innovative solution opens up avenues for businesses to engage with a broader spectrum of consumers, including those who prefer digital assets as a means of transaction. One of the key advantages of Cryptocurrency Merchant Accounts lies in the efficiency and cost-effectiveness of cryptocurrency transactions. Leveraging the power of blockchain technology, these accounts offer faster settlement times and reduced transaction fees compared to traditional payment methods. This not only streamlines financial operations for businesses but also enhances the overall efficiency of transactions. By adopting Cryptocurrency Merchant Accounts, businesses provide their customers with a diversified range of payment options. This move caters not only to the increasing number of cryptocurrency enthusiasts but also appeals to a broader demographic looking for alternative and innovative ways to conduct transactions. As the financial landscape continues to evolve, businesses are presented with an opportunity to embrace the future of finance through Cryptocurrency Merchant Accounts. This forward-looking approach positions businesses at the forefront of technological advancements, allowing them to navigate changing consumer preferences and remain competitive in a dynamic market. Cryptocurrency transactions are fortified by robust cryptographic security measures inherent in blockchain technology. This added layer of security not only protects businesses from potential fraud but also instills confidence in customers, fostering a secure and trustworthy environment for financial transactions. About Cryptocurrency Merchant Accounts The introduction of Cryptocurrency merchant account signifies a monumental shift in the way businesses perceive and engage with digital currencies. This solution represents more than just a transactional innovation; it's an opportunity for businesses to future-proof their financial operations. Media Information Name: Wllcoin Organization: Wellcoinex Email:info@wellcoinex.com Address: Edinburgh, Scotland Disclaimer: KISS PR and its distribution partners are not responsible for the content and information in this press release. The news is presented solely by the source (Wellcoinex). Any decisions, financial or otherwise, based on the contents of this press release are made at your own risk. For direct inquiries or more information about this news, please contact Wellcoinex at info@wellcoinex.com. This press release may contain information related to cryptocurrency. Cryptocurrencies are highly volatile and you should never invest more than you can afford to lose. Always seek professional advice before making any investment. The information regarding cryptocurrencies does not constitute investment or financial advice. Release ID: 861626

January 12, 2024 01:00 PM Eastern Standard Time

News Release

Matt Payne's F-Stop Collaborate and Listen Podcast Celebrates 350 Episodes of Candid Photography Conversations

Prodigy Press Wire

The F-Stop Collaborate and Listen podcast celebrates 350 episodes of meaningful and intimate conversations with photographers, industry insiders, and other artists passionate about nature and landscape photography. The highly-rated podcast continues to serve as an essential avenue for experienced photographers, novices under the radar, and even mere enthusiasts to share their knowledge, experiences, and profound love for photography with a broader audience. Matt Payne, the host and creative mind behind F-Stop Collaborate and Listen, aims to provide photographers, irrespective of their expertise, a platform where they can offer and receive insight into various aspects of photography. This initiative is a product of Matt's journey from being a skilled non-profit and healthcare leader to a full-time professional landscape and nature photographer at Muench Workshops where he leads workshops to nurture the skills of aspiring photographers. As a fifth-generation native of Colorado, Matt's early days were spent climbing the vast mountains of his homeland. Immersed in breathtaking landscapes, he taught himself photography and has documented his journey ever since. In 2011, Matt decided to delve deeper into the art of photography, getting his hands on every resource he could to learn how to better capture nature and landscape photographs. He has been traveling around the world since then, from the United States’ natural parks and remote terrains to Antarctica's icebergs, penguins, and stunning landscapes. Unsatisfied with simply emulating the techniques of other photographers, Matt realized that the best way to improve his craft is to approach photography on a deeper, more personal level. This realization gave birth to the F-Stop Collaborate and Listen podcast, an avenue where photographers can talk about their journeys and, at the same time, learn from other's experiences. Recognizing the importance of seeking people's opinions to view subject matters from different lenses, the podcast host shared, "We tackle various topics and cover as many angles we can. We had a panel discussion on women in landscape photography. A previous episode focused on how to market one's work through print-making. Some of our guests talk about the impact of AI [artificial intelligence] on their business and how they leverage it for scalability. Others talk about their struggle with mental health and how photography has become an avenue to navigate it." F-Stop Collaborate and Listen spotlights the human side of photography. Aside from diving deep into the technical aspects of photography (e.g., equipment, techniques, processes used in production, etc.) and its intricacies, the podcast highlights the guests' journeys, including the things they have accomplished while pursuing the art and how it became a vehicle for self-expression and processing emotions, such as awe, excitement, and grief. With a master's degree in Clinical Psychology, Matt made it his mission to initiate intimate conversations with guests to illustrate how photography is more than a visual art form. It can also become a vital tool for self-expression, healing, and personal growth. This holistic approach makes F-Stop Collaborate and Listen stand out. Ultimately, the F-Stop Collaborate and Listen podcast stands as a welcoming platform where photographers and enthusiasts can leverage the wisdom and experiences of the collective to obtain valuable insight and improve their craft. It continues to promote nature and landscape photography as a medium for both artistic and self-expression. Aside from the podcast, Matt shows his passion for authentic photography by co-founding the Natural Landscape Photography Awards, a competition created to find the best landscape and nature photography. It is open to all digital and film photographers who value realism in their craft. In addition, as the podcast commemorates its 350th episode, Matt intends to publish a book encompassing similar themes. This venture showcases the professional photographer's dedication to continued exploration and growth. Media Contact Name: Matt Payne Email: matt@mattpaynephotography.com Release ID: 847432

January 12, 2024 12:30 PM Eastern Standard Time

A Milestone in Web3 Governance: STORM Chosen as Legal Counsel for 1inch DAO

STORM Partners

STORM Partners, a leading Web3 solutions provider based in Geneva, has been voted by an overwhelming majority as the legal counsel for 1inch DAO. The decision sets a historic precedent for decentralized autonomous organizations, as it becomes the first time that a DAO has directly hired legal counselling services and delegated its legal representation before third parties. This decision also represents a bridge between the decentralized ethos of a Web3 DAO and the legal and regulatory stability provided by a centralized legal counsel. With STORM Partners’ extensive track record of Web3 client partnerships, this convergence signifies a seamless union of two realms, forming an ideal synergy aligned with the DAO’s objectives. It also marks a significant stride in addressing the multifaceted legal challenges faced by DAOs in today’s evolving landscape, such as regulatory compliance, contractual agreements, governance frameworks, liability protection, intellectual property rights, and defense against external claims The voting was closed on Tuesday night, with an overwhelming 96.46% approval. This is a one-of-a-kind case, as the Swiss company, as legal counsel, proposed the DAO to be engaged and have detailed the characteristics of their mandate. Thus, 1inch DAO has chosen and conferred upon STORM Partners a power of attorney to legally represent it before third parties. “ We are honoured that the 1inch token community has entrusted us as the legal counsel for their DAO. Our team is dedicated to safeguarding their interests with the utmost commitment. This engagement, being 'fully decentralized,’ marks a significant step forward in the journey towards legal recognition of decentralised organizations. It's not just a milestone for us but a testament to the evolving landscape of legal frameworks adapting to innovative governance models,” said Nicola Massella, director of the Legal and Compliance department at STORM Partners. The importance of legal counsel for 1inch DAO cannot be overstated, given the intricate challenges posed by regulatory risks, liability concerns, contractual ambiguities, governance complexities, and the imperative need for legal recognition as a legitimate entity in multiple jurisdictions. We are thrilled to embark on this new chapter with STORM Partners. This partnership not only represents a significant milestone for 1inch Network but also for the broader decentralized finance space. As we navigate the complex regulatory landscape, this collaboration stands as a testament to our dedication to innovation while upholding our core principles. We are enthusiastically looking forward to the future, confident that this union will bolster the robustness and credibility of DeFi, enabling us to continue to expand the horizons of what’s achievable”, added Jordan Reindl, Governance Lead at 1inch. STORM Partners' exclusive focus on Web3, coupled with its tailored approach and experienced legal services, positions it as an ideal collaborator for 1inch DAO. About STORM Partners STORM Partners is a premier all-in-one professional services provider within the dynamic blockchain industry. Its expertise spans the global landscape of Web3, collaborating with a diverse spectrum of businesses and brands – from nimble startups and pre-IDOs to flourishing scale-ups and established global organizations. About 1inch DAO 1inch DAO is a decentralised organization that governs the network parameters, enabling 1INCH holders to vote for key protocol parameters and collect governance rewards. Distributed by STORM Partners. Contact Adrian Bono for interviews and quotes -adrian.bono@storm.partners or telegram @STORMPartners Contact Details STORM Partners Adrian Bono adrian.bono@storm.partners

January 12, 2024 11:27 AM Eastern Standard Time

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Argentina to Boost Bitcoin Price: New Community-Driven Meme Coin Emerges as the Next Big Contender

Meme Moguls

In November 2023, economist Javier Milei became the new President of Argentina. Known as a Bitcoin supporter, Milei will look to adopt Bitcoin over the next year, which could drive up the cryptocurrency’s value. Meanwhile, a new community-driven memecoin is taking the market by storm and is expected to offer returns of up to 100x over the next year. Argentina’s President Looks To Adopt Bitcoin The value of Bitcoin increased to $37,500 shortly after Javier Milei was made president. The economist has spoken positively about Bitcoin and cryptocurrency in the past, and now crypto experts believe that Argentina could boost Bitcoin's price in 2024. However, there’s one drawback: no policy has been outlined to introduce Bitcoin or any other cryptocurrency. While Milei has described Bitcoin as a way to "return money to its original creator," he’s yet to implement any new policies. During his first few months as President, Milei will look to close the Central Bank of Argentina and dollarize the Argentine economy. The reason behind this radical change is Argentina’s issue with inflation. In recent years, Argentina has faced inflation rates of over 100%, making it extremely difficult for people to buy goods. Bitcoin could be a solution to this. Nonetheless, as of January 9th, 2024, no new announcements have been made regarding the introduction of Bitcoin in Argentina. Regardless, Bitcoin is soaring with the potential release of a Bitcoin spot ETF this week. At the time of writing, Bitcoin's daily trading volume had passed $40 billion, and Bitcoin was trading at $46,609. Post ETF release, experts predict that Bitcoins market cap could pass $1 trillion, and BTC could hit a new all-time high. Such growth would trigger a bull run throughout the DeFi market, elevating the value of projects such as Meme Moguls, which is quickly becoming a strong contender in the presale space. Meme Moguls Emerges As A Top Memecoin In 2024 Meme Moguls is pushing P2E DeFi developments with its unique new meme marketplace and ecosystem. The project looks to empower individuals by teaching them now how to invest and build wealth. Its simulated meme marketplace will give investors $100,000 to invest in a virtual stock market. Here, investors can test out new investing strategies, learn about the market, and win real cash prizes and rewards. Players will also have the chance to meet like-minded individuals and compete in tournaments and other games. For investors with more experience, winner-takes-all and buy-in events are available, where investors can win big. Investors looking for a more relaxed experience can play games like “Beat the Market”, where they build a portfolio to try and beat the world's leading index funds. Meme Moguls is currently in stage four of its presale. Its native token, $MGLS, is selling for $0.0027, and almost one billion tokens have already been sold. Investors who buy $MGLS during its presale have the chance to win rewards such as cash prizes and holidays, as well as a $10,000 reward at the end of each presale round. As Meme Moguls continues to build its momentum, experts believe this exciting memecoin will become a big contender in the memecoin space, offering greater utility and potential returns than many of the market's top projects. For more information about the Meme Moguls (MGLS) presale follow the link below: Website: https://mememoguls.com/ Meme Moguls and all cryptocurrencies are subject to significant price fluctuations and volatility. Investing in or holding Meme Moguls tokens carries substantial risks, including the potential for total loss. Past performance should not be considered indicative of future results. Contact Details Meme Moguls contact@mememoguls.com Company Website https://mememoguls.com/

January 12, 2024 11:06 AM Eastern Standard Time

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The Reason Behind Optimism's Price Correction, Are Arbitrum and Everlodge Good Alternatives

Everlodge

In this article, we make sense of the fluctuating prices of Arbitrum, Optimism, and Everlodge, and explore their respective tokens ARB, OP and ELDG. Optimism’s token unlocks bring both good and bad The Optimism token (OP) has been defying the odds and pumping hard despite extreme inflationary pressure over the last year. OP is up 225% this past year and 86% last month, massively outperforming Ethereum. This epic rise has occurred despite OP's circulating supply quadrupling from 214 million tokens at the start of 2022 to over 911 million now. Typically such rapid token unlocking craters a cryptocurrency's value. And a few days after the token unlock we did indeed see a correction in the price, which is currently down 21% since its all-time high 10 days ago. But from a macro perspective, Optimism is still doing very well. Optimism's rise seems tied to scheduled upcoming retroactive airdrops and incentives for new stakeholders spanning governance, partners, and public goods funding. Rather than fearing this inflation, investors appear to be betting on it attracting even more interest and contributors to the ecosystem long-term. Similar network token rallies have already played out for the likes of Avalanche, Arbitrum, Ethereum, Near, and Solana. History shows that the biggest gains often happen among smaller cap coins building on these platforms, such as Everlodge which is building on Ethereum. Arbitrum and Optimism have a lot in common Like Optimism, Arbitrum is another Layer 2 blockchain that utilizes optimistic rollups to scale Ethereum. Both help tackle congestion, high fees, and latency by batching and validating transactions off-chain before settling on Ethereum. These technical similarities have attracted major DeFi apps like Uniswap to deploy across both Arbitrum and Optimism. Just as Optimism endured supply shocks from token unlocks, Arbitrum braces for impact from its own upcoming unlocks. In March 2024, Arbitrum will release over 1.1 billion ARB tokens worth nearly $1 billion - 87% of the circulating supply. This threatens short-term downward price action. Yet over the long term, Arbitrum’s incentives and distribution to key stakeholders echo Optimism’s goal of fortifying its ecosystem to drive adoption. Once selling pressure eases after the unlocks, the outlook remains strong for both Layer 2’s as infrastructure improves and fees remain low compared to Ethereum mainnet. Their ambitious token models weather near-term volatility by ensuring the shared community ownership required for sustainability. However, ARB, like OP has gone up a lot already and may now face volatility due to the continuing unlocks for the next few years. And this is why many investors are turning to smaller cap coins such as Everlodge, to get bigger gains. Everlodge - a bullish new idea without sell pressure As Layer 2s like Arbitrum and Optimism battle their token unlocks and corresponding volatility, Everlodge presents a fresh alternative devoid of such supply shocks. And those bullish on Ethereum can capitalize by buying this smaller cap token, which is still in presale. By minting luxury hotels and villas into property-backed NFTs, Everlodge's novel model allows owning a slice of a vacation property for as little as $100. As asset values appreciate, so too do the linked NFTs. A well-designed marketplace will enable seamless trading of these blockchain properties. Through fractional Real World Asset tokenization, Everlodge will make global real estate investment accessible to anyone. Everlodge overcomes illiquidity and the opacity hindering traditional vacation home investing. And perhaps most importantly, makes it accessible to ordinary investors who don’t have hundreds of thousands of dollars to sink into just one property or asset. Integral to Everlodge's ecosystem is its ELDG token, built on Ethereum. ELDG provides tangible utility which is important for price. Holders will enjoy discounts on property purchases, trading fees, and maintenance costs. Similar to timeshare benefits, ELDG holders even receive complimentary annual stays at Everlodge properties. These can be enjoyed personally or resold at a profit to others. Given that ELDG is on offer at $0.029 and will launch for $0.039, there’s a significant upside throughout the presale alone. When the token goes live on Ethereum and major CEXs and DEXs, the price may rise as much as 3,000%. Visit Everlodge Everlodge provides you with a seamless approach to fractional investing in vacation rentals, eliminating the complexities associated with traditional real estate investment. Our innovative platform revolutionizes the way people invest in second homes. Contact Details Brett admin@everlodge.io Company Website https://everlodge.io/

January 12, 2024 10:43 AM Eastern Standard Time

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Bitget Welcomes Everdome (DOME) to its Growing List of Tokens

Bitget

Bitget, the world's leading cryptocurrency exchange and Web3 company, is thrilled to announce the latest addition to its platform, Everdome (DOME). Everdome, a groundbreaking project with a commitment to redefining virtual reality experiences, is now available for trading on Bitget. Everdome envisions a metaverse where users can explore, create, and interact in an immersive virtual environment. The project is built on cutting-edge technology, as outlined in their detailed white paper. With a focus on providing a seamless blend of reality and virtual worlds, Everdome aims to revolutionize the way we perceive and engage with virtual reality. Gracy Chen, Managing Director of Bitget, expressed, "Everdome aligns with our vision for a diverse and dynamic crypto ecosystem. We're proud to support projects that push the boundaries of innovation, and Everdome is a stellar example. This listing reinforces Bitget's commitment to providing our users with access to cutting-edge tokens and technologies." Users can now trade Everdome (DOME) on Bitget's platform, taking advantage of its user-friendly interface, robust security features, and advanced trading tools. To start trading EDO and exploring the future of virtual reality, visit Bitget. About Bitget Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL. For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet Contact Details Bitget Rachel Cheung media@bitget.com Company Website https://www.bitget.com/

January 12, 2024 09:14 AM Eastern Standard Time

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Bitget to List Moon App on Bitget Innovation Zone and Web3 Zone

Bitget

Bitget, the world's leading cryptocurrency exchange and Web3 company, unveils its latest addition to the Bitget Innovation Zone and Web3 Zone - Moon App. This listing marks a significant step in Bitget's commitment to supporting the development of various blockchains and ecosystems while offering users access to cutting-edge projects. Moon App is a revolutionary DeFi trade automation and launchpad platform designed to streamline altcoin trading. This platform empowers users with a suite of tools for easy and flexible trade automation, including advanced trading techniques. With Moon App, users can effortlessly automate complex DeFi models, such as snipe liquidity trading, multi-wallet trading, and maximal extractable value (MEV), among others. Moon App's platform offers DeFi trade automation across various areas, including on-chain limit orders, snipe liquidity trading, multi-wallet trading, copy trading, and maximal extractable value (MEV). The user-friendly mobile interface simplifies the process of configuring trade settings, enabling users to automate their trades effortlessly. In essence, Moon App provides a service similar to trading bots but with distinct advantages. Gracy Chen, Managing Director of Bitget, stated, "Bitget seeks a robust way to support the growth of diverse blockchains and ecosystems. This project demonstrates our commitment to fostering innovation in the AI sector and providing our users with access to cutting-edge initiatives. We aim to create a Spot Market with a diverse selection of high-quality projects." Bitget has consistently expanded its market presence in both spot and derivatives trading within centralized exchanges. The addition of Moon App to the Bitget Innovation Zone and Web3 Zone reinforces Bitget's commitment to providing users with opportunities to invest in popular and valuable projects. In 2023 alone, the platform introduced over 350 new listings, showcasing its dedication to diversifying the digital assets available in its spot market. About Bitget Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL. For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet Contact Details Bitget Rachel Cheung media@bitget.com Company Website https://www.bitget.com/

January 12, 2024 09:09 AM Eastern Standard Time

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Bitget Wallet Supports Avalanche Token Quote to Facilitate On-Chain Swap

Bitget

As a world-leading Web3 trading wallet, Bitget Wallet (formerly BitKeep Wallet) has recently added support for tokens on the Avalanche chain on Bitget Swap, the wallet's integrated swap feature. Following this integration, users will be able to view real-time candlestick chart data as well as detailed on-chain transaction information on both their mobile and browser extension wallets. Users will be able to view important metrics such as transaction records, as well as capital and liquidity flow. Further, users can also view leaderboards for tokens on the Avalanche blockchain, gleaming comprehensive insights on the chain's market performance. Bitget Wallet has aggregated over 10 leading trading protocols on Avalanche, including Trader Joe, SushiSwap V2, and 1inch. By building cross-chain bridges and integrating protocols like Swft and Bungee, it supports same-chain and cross-chain transactions for Avalanche mainnet tokens, offering users a fast, convenient, and gas-free on-chain trading experience. Bitget swap currently supports around 30 blockchains and integrates hundreds of popular DEXs and cross-chain bridges. Having pioneered useful trading features such as gas-free transactions and automatic slippage adjustment, users can expect to easily trade any assets on any blockchain and enjoy a hassle-free trading experience. Always at the forefront of industry innovation, Bitget Wallet was the first to introduce on-chain market data functionality. Based on full-chain DEX trading data, it provides candlestick market data and continuously optimizes its technology to enhance the overall user experience. The current intelligent market data feature includes full-chain market overview, allowing users to overview the macro dynamics of the market and hot sectors; a multi-dimensional market rankings, offering data on hot, new, and potential tokens across the chain, as well as price fluctuation and trading lists. It also boasts a new 'Smart Money' feature which identifies and tracks thousands of historically high-performing 'Smart Money' addresses, revealing the trading directions of professional investors and whales. These features enable users to discover new assets and capture trading opportunities in the crypto market earlier, leveraging battle-tested trading strategies to make well-informed trading decisions. About Bitget Wallet (Web3 Trading Wallet) Bitget Wallet, formerly known as BitKeep, stands as Asia's largest and global frontrunner among all-in-one Web3 multi-chain wallets. We offer a comprehensive range of on-chain products and DeFi services to our users, including wallet functionality, Swap feature, NFT trading, DApp browsing, and more. With a 5-year legacy, Bitget Wallet has garnered acclaim from over 15 million users worldwide and has secured partnerships with prominent industry leaders including Bitcoin, Ethereum, TRON, BNB Chain, Solana, Base, and others. This success stems from our commitment to consistently delivering secure and convenient products and services. In March 2023, Bitget, a leading crypto derivatives trading platform made a substantial $30 million investment in BitKeep, acquiring a controlling stake. Following this strategic move, BitKeep underwent a transformative and strategic brand evolution in August, officially rebranding itself as Bitget Wallet. For more information, visit: Website | Twitter | Telegram | Discord Contact Details Bitget Rachel Cheung media@bitget.com Company Website https://www.bitget.com/

January 12, 2024 09:04 AM Eastern Standard Time

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Uranium Prices Rose By About 90% In 2023 – Sprott Asset Management CEO Discusses This Rise, The Sector’s Challenges And Its Outlook In New Report

Benzinga

By Austin DeNoce, Benzinga As 2023 drew to a close, the nuclear energy market witnessed a remarkable turnaround, particularly in its primary fuel, uranium. For the past decade, the market had been sidelined, but it appears nuclear energy is experiencing a palpable resurgence, earning its place back in the global energy discussion. While this resurgence was marked by shifting public sentiment and governmental support, it was also underscored by significant developments and challenges in the nuclear sector. Sprott Asset Management, a leader in precious metals and energy transition investments, explored these events in detail in its latest uranium outlook, “ What a Year for Uranium and Nuclear Energy.” Below are the key highlights from the report – especially interesting if this is just the beginning of a nuclear and uranium renaissance. The Resurgence Of Nuclear The nuclear sector's journey from oblivion to center stage by 2023 was nothing short of dramatic. At COP26 in 2021, governments began to acknowledge nuclear power as a necessary ingredient to achieving lofty net-zero targets, but it was still met with controversy. However, by COP28 in 2023, nuclear energy was a headline act. This shift marked a significant change in the narrative, but it also birthed concrete commitments from 22 countries to triple their nuclear energy capacity by 2050. Geopolitical And Economic Realities Reshaping Energy Policies The energy crisis of 2022, primarily triggered by Russia’s invasion of Ukraine, played a pivotal role in reshaping global energy policies and highlighting the importance of onshoring the supply of many key materials. The circumstances were reminiscent of the OPEC oil crises, which forced several G20 economies – including Japan, the U.K., Germany and the broader European continent – to reevaluate their energy dependencies. To make matters worse, Germany's decision to phase out nuclear power backfired significantly, leading to an increased reliance on the dirtiest form of coal and a surge in energy prices. This scenario served as a cautionary tale, demonstrating the perils of neglecting energy security for political ideals. The Reality Of Renewable Energy To put nuclear energy’s relevance into context, it’s important to understand the reality of renewables. While renewables like solar and wind are expanding at a record pace, they face their own challenges, particularly in the mismatch of energy production and demand. In areas where renewables are well developed, and the geography provides a high degree of sunlight or wind, this can lead to situations where the cost of electricity from renewable sources is zero or even negative during peak production. However, this energy surplus is useless without cost-effective batteries, highlighting the necessity for practical storage solutions. Even with low-cost battery solutions, locations with intermittent sun or wind have little to no hope of meeting their baseload power demands through renewables. Uranium's Comeback And The Opportunities Ahead As would be expected, the renewed interest in nuclear energy has direct implications for the uranium market. In fact, nuclear energy coming back in style led to a historic rise in uranium prices from $48 to $91 per pound in 2023 – a gain of roughly 90%. But price action was far from the whole story as this previously dormant market grappled with new challenges and opportunities in rebuilding the uranium supply chain. Despite reaching incentivizing levels, the uranium supply response is expected to be slower than anticipated due to legacy issues and long development lead times. Sprott’s full article provides an in-depth analysis of this, including insights from Cameco Corporation (NYSE: CCJ) and other industry leaders. The article also explores the geopolitical dynamics influencing the uranium market, particularly the roles of Kazakhstan and Russia. With Kazakhstan emerging as a major uranium producer and Russia securing future production for its security of supply, the geopolitical landscape presents complex challenges for the global uranium supply. The Sector’s Prospects In 2024 And Beyond With the uranium spot price hitting new highs and utility contracting accelerating, the nuclear sector is looking poised for significant growth heading into 2024. The renewed interest in the sector is attracting much-needed capital investments to meet the current expansion plans but also to sustain the long-term growth and innovation in the market for the foreseeable future. In all likelihood, the electron reality and revitalization of the nuclear energy sector are poised to play a pivotal role in the clean energy transition, offering a reliable and low-carbon solution crucial for achieving global climate goals and securing a sustainable energy future – but supply chains that have long since disappeared need to be rebuilt. Read the full report by Sprott’s CEO John Ciampaglia here. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

January 12, 2024 09:00 AM Eastern Standard Time

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