SOURCE: Five Star Equities
NEW YORK, NY--(Marketwire - Sep 14, 2012) - Investor optimism within the Uranium Industry appears to be gaining momentum in 2012 as Japan has begun to bring back nuclear reactors online. The Global X Uranium ETF (URA) is up nearly 8 percent in the last month as the growth outlook of Nuclear Energy appears strong after falling hard last year on Japan's nuclear disaster. The ETF collapsed over 50 percent last year in the wake of the Fukushima disaster. Five Star Equities examines the outlook for companies in the Uranium Industry and provides equity research on Denison Mines Corp. (NYSE: DNN) (TSX: DML) and USEC Inc. (NYSE: USU).
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The International Atomic Energy Agency (IAEA) in its "Nuclear Safety Review" report for 2012 finds that demand for nuclear around the globe remains strong. It noted that countries such as China, India, the Republic of Korea, Turkey, United Arab Emirates and Vietnam still look to nuclear energy to meet their growing energy demands, while other countries have even accelerated plans for additional nuclear power.
"For example, France is building its first advanced reactor, with plans for a second already being drawn up; the Russian Federation seeks to double its nuclear energy output by 2020, with several reactors around the country currently under construction; and, the United Kingdom has plans to build additional reactor units," IAEA said.
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Denison Mines Corp. is a uranium exploration and development company with interests in exploration and development projects in Saskatchewan, Zambia and Mongolia. As well, Denison has a 22.5% ownership interest in the McClean Lake uranium mill, located in northern Saskatchewan, which is one of the world's largest uranium processing facilities.
USEC is a leading supplier of enriched uranium fuel and nuclear industry related services for commercial nuclear power plants. Since 2002, USEC has been developing and demonstrating a highly efficient uranium enrichment gas centrifuge technology called the American Centrifuge. Revenues for the company in 2011 totaled over $1.67 billion.
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