Rising spot prices, takeover talks, and new opportunities

Uranium Investing News and U3O8.biz reports uranium spot prices have jumped by US$5 to US$53 to a pound U3O8.

Spot uranium prices continue to rise, much to the delight of sellers again in the privileged position of being able to raise offer prices. The global financial crunch may have crippled the sector, but cleanup efforts are already beginning: takeover talks are underway and a new market is emerging in Australia, after a long-standing uranium ban was lifted in that country’s western state.

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