Uranium One Inc SXRZF

Reveille For The American Nuclear Industry

[wavepsyche]

French President Nicholas Sarkozy signed a landmark deal with the Indian Government to sell billions of dollars of nuclear reactors and fuel for the next 25 years, while the US is battling in hard economic times, beset by unemployment to maintain a grip on India's extremely profitable and growing nuclear industry. The French, Japan, Korea and China are actively building reactors. In fact India, desires to develop nuclear electricity as a cleaner alternative to coal based energy to satisfy India's increasing needs. India is on record of having about 4560 Megawatts of nuclear power now, but desires to multiply that approximately 14 times by 2032. French President Sarkozy recently returned from Mumbai saying that the Nuclear Agreements are "very favorable to the French Nuclear Industry." Moreover the French are building a state of the art, new generation nuclear reactor in Finland.
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Yesterday, The Russians (ARMZ) purchased Mantra for almost $10 a pound of uranium in the ground. Mantra controls the Nyota deposit and will be able to produce 5 million pounds of uranium a year. This transaction signals that governments and institutional investors are scrambling for control of uranium assets in the ground. These transactions should continue over the next few months as alert foreign nations such as China and Russia are realizing the dire supply demand constraints. Russian uranium requirements have increased evidenced this year by several acquisitions including Uranium One (UUU:TSX) which has just received its NRC License on its Moore Ranch project. Other miners in Wyoming are likely targets. The trend is signaling that the suitors will come from overseas as China, with its recent take off agreement with Cameco (CCJ:NYSE) and Russia with its recent purchase of Mantra seem to be the most active investors. I am surprised as the U.S. seems asleep at the switch with many danger signs being alerted.

https://www.safehaven.com/article/19361/reveille-for-the-american-nuclear-industry

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