Uranium fuelling a comeback…

Peter Koven, Financial Post · Jul. 13, 2011 | Last Updated: Jul. 13, 2011 2:04 AM ET

Four months after the biggest nuclear accident in 25 years, the beaten-down uranium market is showing small signs of life.

Some cautious money has moved back into uranium equities as the spot price stabilizes and investors acknowledge what industry comment­ators have been saying all along: that global demand for nuclear power is growing and not going away.

The post-Fukushima environment has been ugly for uranium miners, with such major producers as Uranium One Inc. down more than 50% and many junior developers doing even worse.

And while the spot uranium price has dropped only about 20%, activity in the spot market has been lacklustre.

So there has been some relief in the past few weeks as the equities staged a small but long-overdue rally, governments around the world made some pro-nuclear announcements, and one junior company, Bannerman Resources Ltd., received a takeover proposal…..

Read the full article on the link below:

http://www.financialpost.com/news/Uranium+fuelling+comeback/5092974/story.html

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