Canada May Be Forced to Phase Our High Grade Medical Uranium

Bloomberg reported a U.S. agreement to supply European countries with material used to create cancer-treating isotopes may force Canada to phase out high grade medical uranium.

As quoted in the market news:

Belgium, France and the Netherlands promised to stop making medical isotopes from reactors that irradiate bomb-grade uranium by 2015 in exchange for a U.S. pledge to supply nuclear material until then, the countries announced late yesterday at a nuclear- security summit in Seoul. The reactors produce Molybdenum-99, or Moly-99, that hospitals use to diagnose and treat cancer and heart disease.

Click here to read the full Bloomberg report.