PALM BEACH, Fla., Feb. 14, 2023 /PRNewswire/ -- The demand for uranium is expected to grow in 2023 which should increase efforts to increase supplies. Since the Fukushima accident in 2011, uranium prices have been on a downtrend, forcing several miners to suspend or scale back operations. But nuclear's growing role in the clean energy transition, in addition to a supply shortfall, could turn the tide for the uranium industry. The supply of uranium primarily comes from mines around the world, in addition to secondary sources like commercial stockpiles and military stockpiles. Although uranium is relatively abundant in the Earth's crust, not all uranium deposits are economically recoverable. While some countries have uranium resources that can be mined profitably when prices are low, others do not. An article in Mining.com, discussing the supply/demand picture, said: "Kazakhstan hosts roughly 1.2 billion lbs of identified recoverable uranium resources extractable at less than $18 per lb, more than any other country. On the contrary, Australia hosts a larger resource of uranium but with a higher cost of extraction. This varying availability of resources affects how much uranium these countries produce… Canada produced around one-third of Kazakhstan's production despite the suspension of the McArthur River Mine, the world's largest uranium mine, in 2018. Australia was the world's third-largest producer with just two operating uranium mines." Active mining companies in the markets this week include Traction Uranium Corp. (OTCQB: TRCTF) (CSE: TRAC), Baselode Energy Corp. (OTCQB: BSENF) (TSX-V: FIND), Uranium Royalty Corp. (NASDAQ: UROY) (TSX-V: URC), Skyharbour Resources Ltd. (OTCQX: SYHBF) (TSX-V: SYH), Uranium Energy Corp (NYSE American: UEC).