New Investment Rules To Benefit Canadian Uranium Miners

MineralStox.com reports Canadian uranium miners should have some good news with new investment rules surrounding uranium in Canada.

The Canadian uranium industry has been hamstrung by an antiquated federal law (dating back to the cold war) that restricts foreign ownership to 49 per cent.

In its recent throne speech, Canada’s Harper government announced plans to abolish this law and open up Canada’s uranium industry to unconstrained foreign investment.

The timing of the move is critical. Canada produces 21% of the world’s uranium. Global uranium demand is expected to surge 300% in the next decade Kazakhstan is about to eclipse Canada as the world’s leader in uranium production.

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