Wyo. uranium industry bullish amid rising prices

AP reports the uranium sector is bullish with a rise in uranium spot price in the recent weeks.

The market news is quoted as saying:

Companies touted plans to mine more uranium in Wyoming during a Wyoming Mining Association news conference Thursday.

“I think uranium will be here to stay,” said the association’s assistant director, Lynn Welker.

Titan Uranium USA Inc. said it planned to open a combination surface-underground uranium mine in Wyoming. Meanwhile, the top U.S. miner of uranium, Cameco Resources, said it planned to double uranium production in Wyoming by 2018.

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