Uranium Industry Starting to Show Signs of Recovery
10.04.2012 | Marketwire
Paragon Report Provides Stock Research on Uranium Energy Corp. and Uranium Resources, Inc.NEW YORK, NY -- (Marketwire) -- 04/10/12 -- Uranium stocks dropped significantly last year as a result of the Fukushima disaster. Roughly one year later uranium stocks have finally started to show some positive signs. The Global X Uranium ETF (URA) is up over 8 percent year-to-date. The Paragon Report examines investing opportunities in the Uranium Industry and provides equity research on Uranium Energy Corp. (NYSE: UEC) and Uranium Resources, Inc. (NASDAQ: URRE).
Access to full reports can be found at:
www.paragonreport.com/UEC
www.paragonreport.com/URRE
"In two years, there will be very strong demand on the market, as new reactors start operating, and as new contracts with the existing fleet kick in," Areva SA's Chief Commercial Officer Ruben Lazo said in a March 26 interview at the company's headquarters in Paris. "I'm sure that Japan will restart a few reactors this year, and complete all necessary measures to restart many others in 2013 and 2014."
Approximately 170 million pounds of uranium was consumed last year, but only 140 million pounds produced. Global use of nuclear energy could increase by as much as 100% in the next two decades, according to the International Atomic Energy Agency (IAEA).
Paragon Report releases regular market updates on the Uranium Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.paragonreport.com and get exclusive access to our numerous stock reports and industry newsletters.
Uranium Energy Corp. and CUE Resources Ltd. are pleased to announce that UEC's acquisition of CUE by way of a plan of arrangement (the "Transaction") has closed effective at 12:01 am on March 30, 2012. Following the completion of the Transaction, CUE is now a wholly-owned subsidiary of UEC.
Uranium Resources, Inc. recently announced the appointment of Dean T. (Ted) Wilton as Vice President and Chief Geologist. Mr. Wilton, who has over 40 years of experience in the mining industry, will be responsible for the development and implementation of exploration and delineation policies, systems, processes, procedures and controls related to both the exploration and development of existing properties as well as identifying potential new projects.
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