Uranium watchers have had plenty of news to chew on lately. Some of the most positive developments have been completely ignored by Mr. Market, which introduces a unique opportunity for those who haven't lost the faith in yellowcake.
Just as soon as I had identified the missing link in Cameco's
Aspiring producer Uranerz
Most compelling, though, was today's release by Uranium One, a company that's been just crushed over the past year. The leading uranium miner has been hit even harder than enricher USEC
Still, there's a lot packed into today's announcement. For one, the company found some solid financing, something that smaller Uranium Resources
Finally, and critically, the miner's application to increase its South Inkai project to 2,000 metric tons per year from the current cap of 300 was approved by a key Kazakh ministry. That looks like a huge win, and the production pipeline is pretty compelling today. Uranium One's shares aren't the easiest for a U.S. investor to buy, but they may be worth adding to the nuclear arsenal in your portfolio.