China Plans to Buy Uranium Mines in Canada

The Globe and Mail reported that China is planning to purchase uranium mines abroad and is looking at buying in Canada in particular. As its nuclear program resumes, it will also be importing more uranium.

As quoted in the market news:

China would most likely focus on buying Canadian “exploration companies with high-quality assets” because there are no ownership restrictions on early-stage firms, [Versant Partners analyst Rob] Chang said.

In Canada, uranium juniors such as Fission Energy Corp. (FIS-X0.72—-%), which has a property in Saskatchewan’s Athabasca Basin, Kivalliq Energy Corp. (KIV-X0.530.011.92%), which has a deposit in Nunavut, and Strateco Resources Inc. (RSC-T0.46-0.01-3.16%), which is developing the Matoush project in northern Quebec, could be of interest, Mr. Chang said.

 Click here to read the full Globe and Mail report.