Uranium Industry Warming Up

Reuters reported at this year’s PDAC conference uranium producers seemed more optimistic about the long-term future of yellowcake.

As quoted in the market news:

Despite a sluggish spot price and fears that Japan might not restart the 52 nuclear reactors it has shut down since last March’s Fukushima meltdown, money is starting to flow back into uranium equities.

Shares of Cameco Corp, Canada’s No.1 producer, are up some 20 percent since the beginning of the year, while development-stage companies such as Ur-Energy and Uranerz Energy have both risen some 22 percent.

Click here to read the full Reuters report.