SOURCE: The Bedford Report

The Bedford Report

June 28, 2011 08:16 ET

Cameco and Ur-Energy Poised to Benefit From Unexpected Uptick in Uranium Demand

The Bedford Report Provides Equity Research on Cameco & Ur-Energy

NEW YORK, NY--(Marketwire - Jun 28, 2011) - Uranium stocks have been on the upswing this month as demand for the radioactive material is expected to grow. Although several European nations intend to dissolve their nuclear energy programs over the next decade, the United States and China could be preparing to boost nuclear energy use. The Bedford Report examines the outlook for companies in the Uranium Sector and provides investment research on Cameco Corporation (NYSE: CCJ) (TSX: CCO) and Ur-Energy, Inc. (AMEX: URG) (TSX: URE). Access to the full company reports can be found at:

www.bedfordreport.com/CCJ

www.bedfordreport.com/URG

The State-run newspaper, China Daily, says that China could resume the approval process for new nuclear power projects by mid-2012. China had halted approvals of new nuclear projects on March 16, days after Japan's nuclear complex triggered radiation worries worldwide.

China is building about 28 reactors, roughly 40 percent of the global total under construction, as the central government boosted approvals in the past two years.

The Bedford Report releases stock research on the Uranium Sector so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.

The vice-president of the China Nuclear Energy Association, Zhao Chengkun, stressed that nuclear is the only energy source that can be used on a mass scale to achieve the nation's goal of developing cleaner, low carbon energy. Ux Consulting (UxC) forecasts say that China is in the process quadrupling its uranium consumption up to 50 to 60 million pounds a year.

In the United States, President Barack Obama maintains that nuclear power will play an important role in US energy going forward, claiming that the US will "incorporate those conclusions and lessons from Japan in design and the building of the next generation of plants."

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