Wyoming is the biggest U.S. state for uranium mining and production. So the rare recent October snowstorm, which dumped a whopping 33 inches of snow to parts of Wyoming, may actually reignite investor interest in the uranium space, a sector still largely out of favor post-Fukushima.

Cameco (NYSE:CCJ), the largest U.S. uranium producer, has a uranium processing facility in Smith Ranch – Highland. According to various maps, Smith Ranch-Highland is located in Douglas, Wyoming. Douglas is smack between Casper and Lusk, two areas that received at least 8 inches of snow. Cameco's website lists Smith Ranch – Highland as the largest uranium production facility in the U.S. with a annual production capabilities of 5 million pounds U3O8.

Roads typically used to get back and forth from uranium mines are often less than desirable and do at times involve going off-road in order to reach projects. Therefore the impact of this snowstorm may become a big issue amplified on upcoming earnings calls for uranium miners in or around Wyoming. Any delays may also impact utility giant Exelon (NYSE:EXC), which is the largest nuclear fleet operator in the U.S. 

With uranium prices at 8-year lows ($34 per pound), a rare early winter blast and any delayed uranium production could create bullishness in the depressed Global X Uranium ETF (NYSEMKT:URA). China and yes, even Japan, are moving forward with nuclear power, so the stigma surrounding the use of nuclear power could soon quickly be buried in the Wyoming snow.

John Licata has no position in any stocks mentioned. The Motley Fool recommends Exelon and Southern Company. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.