SOURCE: Five Star Equities
NEW YORK, NY--(Marketwire - Mar 13, 2013) - The Uranium Industry has continues to face an uphill climb since the Fukushima disaster shut down all but 2 of the 50 reactors in Japan. Prices for the commodity have fallen roughly 70 percent since its peak in 2007, while a majority of minerals have experienced price increases. Five Star Equities examines the outlook for companies in the Uranium Industry and provides equity research on Ur-Energy Inc. (NYSE: URG) (TSX: URE) and Uranerz Energy Corp. (NYSE: URZ).
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Across the globe they are approximately 500 nuclear reactors that are either planned or under construction, which is more than double the number of reactors currently in use. Uranium miners could soon receive a boost from the end of Russia's 1993 disarmament treaty that requires them to unload uranium from discarded nuclear weapons. Russia is responsible for as much as 24 million pounds of uranium exports a year, according to the terms of the treaty. The treaty is set to expire at the end of 2013.
"The long-term fundamentals are there based on demand increasing from China and emerging nations, along with extensions for reactors in the U.S., and dwindling cheap uranium," says Philip Johnson, a director at Ux Consulting Co.
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Ur-Energy has completed permitting activities at its Lost Creek ISR Uranium Project in Sweetwater County, Wyoming and has started construction of a two-million-pounds-per-year processing facility. With technical depth unmatched among North American juniors, Ur-Energy is a near-term uranium producer in Wyoming.
The Uranerz management team has specialized expertise in the ISR uranium mining method, and has a successful track record of licensing, constructing, and operating ISR uranium projects. Uranerz has a processing agreement with Cameco, the world's largest public uranium company and has entered into long-term uranium sales contracts for a portion of its planned production with two of the largest nuclear utilities in the U.S., including Exelon.
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