Versant Partners Announces Uranium Market Update

Versant Partners announced a report on the current uranium market, noting uranium is trading higher and faster than it has since Fukushima.

As quoted in the press release:

Depressed prices and projected tightness in supply often lead to consolidation. The Russian/American Highly Enriched Uranium (“HEU”) down-blending agreement is still on schedule for expiration in 2013, thus removing 25M lbs of uranium from the market (representing 44% of the U.S.’ annual uranium needs. The U.S. produces only 4M lbs of the 57M lbs of annual uranium it needs domestically. Additionally, since the beginning of the year, two construction permits have been issued by the U.S. Nuclear Regulatory Commission marking the first permits to be issued in over 30 years.

Click here to read the Versant Partners press release.