SOURCE: Paragon Financial Limited

Paragon Financial Limited

April 10, 2012 08:20 ET

Cameco Corporation and Denison Mines Corp. Look to Take Advantage of High Uranium Demand

Paragon Report Provides Stock Research on Cameco Corporation, and Denison Mines Corp.

NEW YORK, NY--(Marketwire - Apr 10, 2012) - Uranium stocks dropped significantly last year as a result of the Fukushima disaster. Roughly one year later uranium stocks have finally started to show some positive signs. The Global X Uranium ETF (URA) is up over 8 percent year-to-date. The Paragon Report examines investing opportunities in the Uranium Industry and provides equity research on Cameco Corporation (NYSE: CCJ) (TSX: CCO), and Denison Mines Corp. (NYSE: DNN) (TSX: DML).

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"In two years, there will be very strong demand on the market, as new reactors start operating, and as new contracts with the existing fleet kick in," Areva SA's Chief Commercial Officer Ruben Lazo said in a March 26 interview at the company's headquarters in Paris. "I'm sure that Japan will restart a few reactors this year, and complete all necessary measures to restart many others in 2013 and 2014."

Approximately 170 million pounds of uranium was consumed last year, but only 140 million pounds produced. Global use of nuclear energy could increase by as much as 100% in the next two decades, according to the International Atomic Energy Agency (IAEA).

Paragon Report releases regular market updates on the Uranium Industry 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 and get exclusive access to our numerous stock reports and industry newsletters.

Cameco will issue its first quarter results before markets open on Tuesday, May 1, 2012. The company will discuss the financial results and company developments before opening the call to questions from investors and the media.

Denison Mines Corp. reported its financial results for the three months and year ended December 31, 2011. The Company recorded a net loss of $65,537,000 or $0.17 per share for the three months ended December 31, 2011 compared with a net loss of $9,394,000 or $0.03 per share for the same period in 2010. The net loss for 2011 includes a non-cash impairment charge of $32.6 million against goodwill in its U.S. mining segment in the fourth quarter.

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