Uranium is used in Nuclear Reactors and with all the Nuclear Reactors in the world running and those about to be put back online ( Fukushima, Japan) we are going to begin to see the price of Uranium on the rise. It is also estimated that over the next 10 years there will be approximately 200 New Reactors put online. With that type of demand and the fact that the current suppliers of Uranium mines are depleting there will be a surge in development for new sources of Uranium.
Currently, in 2016 the price for Uranium is sitting at around $26.50 and it is estimated by the end of 2016 the price could reach as high as $36.50.
Just with that small increase, we will definitely see the price of some major and junior Uranium company’s stock price rise. Uranium has been an in Bear Market for some time now and we are currently sitting at a Bottom. However, it is very hard to ever call a Bottom I believe we are there now and now is the time to invest.
A few companies we are following at Mining Stock Review Aare
For more information on any of these companies just click the links above.
1) Statement and opinions expressed are the opinions of the Editor and Mining Stock Reviews and we cannot be held responsible for the validity or accuracy of the statements.
3) From time to time, Mining Stock Reviews and its directors, officers, employees or members of their families, may have a long or short position in securities mentioned and have the right to buy or sell these securities at their own sole discretion without advising us. Mining Stock reviews remains solely an information and gathering website for the purpose of doing due diligence. We recommend to always seek the expertise of trained financial advisors when making investment decisions.