SOURCE: The Bedford Report

The Bedford Report

January 12, 2011 11:25 ET

Cameco & Uranium One Ready to Benefit From Surging Chinese Uranium Demand

The Bedford Report Provides Analyst Research on Uranium One & Cameco

NEW YORK, NY--(Marketwire - January 12, 2011) - In a familiar theme, demand for uranium is being driven by China, as its government plans ahead for significant expansion of its nuclear sector. Ux Consulting (UxC) forecasts say that China is in the process quadrupling its uranium consumption up to 50 to 60 million pounds a year. Moreover, China, itself, says it plans to build 10 nuclear power plants a year for the next decade. At the moment China operates 11 reactors, and has 28 under construction. The Bedford Report examines the Uranium Industry and provides research reports on Uranium One, Inc. (TSX: UUU) and Cameco Corporation (NYSE: CCJ). Access to the full company reports can be found at:

www.bedfordreport.com/2011-01-UUU

www.bedfordreport.com/2011-01-CCJ

According to the Global X Uranium ETF which was started trading late last year, uranium provides about 16% of the world's electricity. Uranium bulls believe that the radioactive element is a clean resource alternative for electric generation. One pound of uranium can generate as much energy as 20,000 pounds of coal, and leaves behind a fraction of the carbon footprint.

Indeed, 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.

The Bedford Report releases regular market updates on the blossoming 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 www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.

With uranium prices surging, investors have turned their attention to the uranium explorers and producers. Investors in uranium miners are banking on rising earnings, as uranium prices rise, to provide value. During a recent analyst conference, Cameco's chief, Jerry Grandey, said the company expects a 17 percent year-over-year increase in production. Cameco owns the world's largest uranium mine which the company says provides about 17 percent of the world's uranium every year.

The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above-mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.bedfordreport.com/disclaimer

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