SOURCE: The Bedford Report

The Bedford Report

December 15, 2010 08:46 ET

Uranium Stocks Continue to Climb as Chinese Demand Shows No Signs of Slowing

The Bedford Report Provides Analyst Research on Uranerz Energy & Mega Uranium

NEW YORK, NY--(Marketwire - December 15, 2010) - As 2010 comes to a close, the spot price of uranium has continued its monumental surge and left many investors asking if the uptrend will continue into the New Year. In a theme all too familiar, demand for uranium is being driven by China, as its government is planning ahead for significant expansion of its nuclear sector. UxC forecasts say that China is in the process of quadrupling its uranium consumption to 50 million-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. 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. The Bedford Report examines the emerging Uranium Industry and provides research reports on Uranerz Energy Corporation (NYSE Amex: URZ) and Mega Uranium Ltd. (TSX: MGA.TO). Access to the full company reports can be found at:

According to the Global X Uranium ETF which was starter trading this fall, 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, 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 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 analyst reports and industry newsletters.

Uranerz Energy has seen its share price spike over 200 percent since June. The company is an exploration stage company with properties in Wyoming, Texas, and Saskatchewan. Last month the Vancouver based company received a draft Source Materials License from the US Nuclear Regulatory Commission, which is an important step towards building uranium mine.

Also based in Canada, Mega Uranium said last month that it has completed a 1831m, eight hole diamond core drilling program at its wholly owned Kintyre Rocks project in western Australia. Mega Uranium traded as low as 35 cents in June before riding the bullish uranium trend to well over a dollar.

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