NEW YORK, NY--(Marketwire - Jun 15, 2011) - Uranium spot prices are facing downward pressure this month amidst uncertainty regarding global nuclear demand. These consumption worries have led several uranium explorers to slash production estimates going forward. The Bedford Report examines the outlook for companies in the Uranium Sector and provides equity research on Denison Mines Corporation (NYSE Amex: DNN) (TSX: DML) and First Uranium Corporation (TSX: FIU). Access to the full company reports can be found at:

www.bedfordreport.com/DNN
www.bedfordreport.com/FIU

Last week German Chancellor Angela Merkel received support from her cabinet for the country's nuclear phase-out plan. Germany intends to shut down all nuclear reactors by 2022, focusing on alternative energy strategies. According to World Bank, Germany accounts for about 5 percent of global uranium demand, with just 17 nuclear reactors. By comparison, there are 104 nuclear reactors in the United States and 58 in France.

US President Barack Obama maintains that nuclear power will play an important role in United States energy going forward. "We're going to incorporate those conclusions and lessons from Japan in design and the building of the next generation of plants," he explains.

The Bedford Report releases stock research on the Uranium Sector 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.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.

Earlier this month First Uranium Corp said that first quarter production at its Ezulwini mine in South Africa is expected to be lower than the average quarterly production for fiscal 2012. Despite the company's name, Chief Executive Deon van der Mescht, claims that First Uranium is predominantly a gold producer, having only recently recommenced uranium production. First Uranium expects gold production of 105,000-125,000 ounces and uranium sales of 110,000-130,000 pounds in fiscal 2012.

Denison Mines says that its 2011 uranium sales are expected to be approximately 1.3 million pounds of U3O8 (an impure mixture of uranium oxides) of which just over 500,000 pounds will be sold into long term contracts and the remainder will be sold on the spot market. The company says that the drop in sales is due to "lower production expectations and production timing being later in the year."

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