Uranium Industry Continues to Show Signs of Improvement as Japan Restarts Two Reactors
19 Juni 2012 - 2:20PM
Marketwired
The Uranium Industry has been showing signs of improvement recently
as long term uranium prices last month increased for the first time
since January 2011. Long term uranium prices jumped 2.5 percent to
$61.50 from $60.00 according to Ux consulting. Demand for uranium
is expected to grow as Japan has begun bringing reactors back
online. The Paragon Report examines investing opportunities in the
Uranium Industry and provides equity research on Denison Mines
Corp. (NYSE MKT: DNN) (NYSE Amex: DNN) (TSX: DML.TO) and Uranerz
Energy Corp. (NYSE MKT: URZ) (NYSE Amex: URZ) (TSX: URZ.TO).
Access to the full company reports can be found at:
www.ParagonReport.com/DNN
www.ParagonReport.com/URZ
More than a year after the Fukushima disaster, which triggered
three meltdowns and halted all 50 reactors in Japan, Japanese Prime
Minister Yoshihiko Noda has ordered the restart of two nuclear
reactors. These will be the first time the Japanese government have
used nuclear power since the incident. A decision on the remaining
48 reactors will likely be held off until a new nuclear regulatory
agency is created. Japanese parliament is expected to pass a bill
calling for a new nuclear regulatory agency as early as next week.
"We will increase our efforts to restore the public's trust over
nuclear safety regulation and atomic energy administration," Noda
said, following a meeting with ministers.
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
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Denison Mines Corp. is an intermediate uranium producer with
production in the U.S., combined with a diversified development
portfolio of projects in the U.S., Canada, Zambia and Mongolia.
Denison's 2010 production from its two mills was 1.4 million pounds
U3O8 and 2.3 million pounds of vanadium. 2011 production is
estimated to be 1.2 million pounds U3O8 and 2.2 million pounds of
vanadium. Shares of the company are up over 8 percent in the last
month.
Uranerz Energy Corp. has a processing agreement with Cameco, the
world's largest public uranium company and has entered into
long-term uranium sales contracts for a portion of its planned
production with two of the largest nuclear utilities in the U.S.,
including Exelon. Shares of the company have rebounded nearly 10
percent in the last month.
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