Canaccord Morning Coffee comments on FCU
Uranium
Cameco* (CCO : TSX : $25.42), Net Change: 1.93, % Change: 8.22%, Volume: 2,774,118
Denison Mines* (DML : TSX : $1.67), Net Change: 0.14, % Change: 9.15%, Volume: 3,315,452
Fission Uranium* (FCU : TSX-V : $1.37), Net Change: 0.06, % Change: 4.58%, Volume: 6,673,061
Ur-Energy* (URE : TSX : $1.95), Net Change: 0.30, % Change: 18.18%, Volume: 1,158,974
Japan unveils new Energy Plan: “Nuclear power remains an important source of electricity for the country.” Shares of
uranium-related companies were moving higher as a group Tuesday after Japan unveiled its first draft energy policy since the
Fukushima meltdowns three years ago, stating that nuclear power remains an important source of electricity for the country. The
New York Times reported that the new Basic Energy Plan, which states Japan will push to restart reactors closed in the wake of
the Fukushima disaster and suggests it might build new ones, overturns a promise made by a previous government to phase out
the country‟s atomic power plants. Adding that Japan will ultimately decide on the appropriate size of its nuclear program after
taking into account its future energy needs, as well as the country‟s commitments to reducing greenhouse gas emissions, which
have surged with the decline of nuclear power. Japan‟s new energy plan calls nuclear power an important “baseload” electricity
source - one that can produce energy at a constant rate and lower cost than alternatives like solar or wind power.