Energy Fuels Ord Shs T.EFR

Uranium's 2nd Bull Run

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Uranium Poised to Start Second Bull Market - Should Top $100 Per Pound by End of 2007 Weiss Research's Sean Brodrick Sees Global Warming and China Demand Driving Need for Raw Nuclear Power Fuel PrintE-mailDisable live quotesRSSDigg itDel.icio.us Last Update: 8:00 AM ET Jan 25, 2007 JUPITER, Fla., Jan 25, 2007 /PRNewswire-USNewswire via COMTEX/ -- After a price climb of 99% in the last year, uranium is poised to enter the second wave of the largest bull market ever due to chronic shortages of uranium ore, shortage of experienced engineers/geologists leading to mining company mergers, and climbing demand worldwide due to a spate of new nuclear reactors, according to a new report from Weiss Research, Inc. Sean Brodrick, senior commodities analyst for Weiss Research writes that a number of factors are at play here, among them global warming, a subject discussed in last night's State of the Union message and a high priority for action by Congressional Democrats. Brodrick cites several powerful factors behind this trend: * The worldwide supply/demand gap for uranium reached 68.5 million pounds in 2005 and final numbers for 2006 are expected to soar above that. * China hopes to add as many as 30 nuclear reactors by 2020, Japan intends to add 11 by 2010, and Russia is expected to build at least 42 new reactors. * In terms of the volume used, uranium is thousands of times more efficient than fossil fuels. The energy in one uranium fuel pellet -- the size of a fingertip -- is the equivalent of 17,000 cubic feet of natural gas, 1,780 pounds of coal, or 149 gallons of oil. * Uranium mine production can't keep up with demand. Production from world uranium mines now supplies only 62% of the requirements of power utilities. * The supply-demand squeeze could worsen significantly. By 2015 some estimates put uranium oxide demand at 264 million pounds per year -- up from 171 million pounds today. "Expressed in today's dollars, uranium reached a peak of $145 per pound in 1978," comments Brodrick. "In contrast, it recently traded at only $72 per pound. So $100 uranium by the end of this year would not be surprising." In "Small Uranium Wonders," Brodrick shows why the second wave of the uranium bull market is just beginning and recommends several companies for investors to consider. It is available to the public at https://www.moneyandmarkets.com/press.asp?rls_id=439&cat_id=6&.. Sean Brodrick, a resident resource analyst at MoneyandMarkets.com, has more than 25 years experience as a professional journalist and financial analyst. He is also a contributing columnist to MarketWatch.com and a frequent commentator on one of Canada's premiere financial websites, HoweStreet.com. MoneyandMarkets.com, published by Weiss Research, Inc., is a free, daily eNewsletter covering financial and geo-political commentary from Wall Street to Main Street and is read by over 200,000 subscribers. SOURCE Weiss Research, Inc. Joy Howell, [phone], or Linda Paris, [phone], for Weiss Research, Inc. https://www.moneyandmarkets.com Copyright (C) 2007 PR Newswire. All rights reserved https://www.marketwatch.com/News/Story/Story.aspx?guid=%7B6A3DE89F%2D79C8%2D4D18%2D83C3%2D020C8B62E810%7D&siteid=mktw&dist=nbk&symb=