Best Junior Uranium Mining Stocks in Wyoming

Source: Jeb Handwerger, Gold Stock Trades (10/28/10)

"Wyoming U308 miners are gaining enthusiastic interest from investors."

Uranium miners that are close to production in Wyoming are gaining a lot of enthusiastic interest from investors over the past few weeks. Some of the miners out of Wyoming have made huge percentage gains, such as Uranerz Energy Corporation (TSX:URZ; NYSE.A:URZ), UR Energy, Cameco and Uranium One as more mines are expected to receive permits to begin operation. There are 13 mines being developed in Wyoming. Wyoming produces the largest amount of domestic uranium with Cameco's Smith Ranch Mine, which is also the largest U.S. facility.

There have been recent developments with the recent issuance of the Moore Ranch project to Uranium One which is partially owned by the Russian Government. Just recently, Uranium One's Moore Ranch received its NRC license, which is the first uranium mine to be permitted in several years and was a major milestone for the industry. Unfortunately, for them due to Uranium One being largely owned by the Russian government, congressional members wrote a letter that shows their concern of U.S. uranium possibly supplying Iran. America is one of the largest consumers of uranium and a lot of the supply of uranium comes from nuclear warheads from Russia. More than 90% of uranium used in this country is imported. However, that program with Russia is coming to an end by the end of 2013 and the U.S. will need to find alternate supplies. Investors realizing this crunch are buying these miners with great enthusiasm. Right now, the new mines from Wyoming are key to the future of power generation in the United States. Investors are seeing this concern about future local uranium supply. A concern is that many foreign countries are controlling U.S. uranium, which is vital to this country's future power generation. These small miners will be acquired at premiums or be subject to hostile takeovers in 2011 as they move closer to production. Cameco recently had an offtake agreement with China, which will also put pressure on supply over the next few years. I expect more agreements with miners to be announced as foreign investors scramble for future supply.

I believe these assets provide dollar diversification in low risk mining jurisdictions. Uranium could move parabolic as more power plants are built and there is not enough uranium available.

Wyoming is a friendly mining jurisdiction and many of these projects are in-situ mining, which means they have to dispose of water. Groundwater contamination is the greatest concern for local residents. Investors must research which projects have local support and permits for water disposal as the Environmental Protection Agency could hold a project up for this reason.

Although many commodities have reached new highs, the uranium stocks are just beginning their major move. The growth in nuclear and the supply demand constraints will drive uranium prices very high. These uranium miners will progress into production. More than 20% of U.S. power comes from nuclear power plants. There has also been bilateral political support to increase nuclear energy to reduce carbon emissions, and it is an essential component of the clean energy push. Expect to hear more news of acquisitions as miners make progress and move closer to production.

Best Junior Uranium Mining Stocks in Wyoming

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Source: Streetwise Reports (07/13/2020)

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"China's export quota could be opportunity for Canadian miners"

Latin America: Six Gold Juniors Amass 100M+ Ounces
Source: Marc Davis, BNW News (05/25/2010)

Latin America, the world's last great mineral frontier for prolific gold discoveries, is proving a godsend for some lucky investors.

Mexico: Gold's Next Powerhouse Player
Source: Marc Davis, BNW News (11/03/2009)

As the world's key gold producing nations struggle mostly in vain to replenish dwindling below-ground supplies, Mexico is bucking the trend in a big way.

Where Have All the Gold Mines Gone?
Source: Brent Cook, Exploration Insights (04/14/2009)

Given the declining global gold production, mining companies’ demand for reserve replacement and the acute dearth of new gold discoveries, there is no doubt that real economic discoveries will be exceptionally valuable. . .the opportunity for stellar profits is the best it has probably ever been. Identifying the few successes, however, will require vigilant and constant technical assessment of geology and drill results, always with an eye to mine economics.

Congo Completes Mining Review, Says Majors Quit Talks
Source: Reuters (12/20/2008)

"Review process is extended an additional 45 days to allow six companies to return to the negotiating table for direct talks with government ministers."

I haven’t spoken to my old mining stock friend, noted and universally respected gold stock guru, Bob Bishop, about Rare Element in a year, but I hear he is still a supporter and very large shareholder. I don’t believe he will hold it against me to remind you that this was one of his favorite holdings when he left the newsletter writing business. . .

It's Only the Beginning for Uranium
Source: www.financialinsights.com (06/03/2005)

Dr. Richard S. Appel, author of Financial Insights, first became bullish on uranium in mid-2003, when it appeared obvious that its supply versus demand equation was fated to seriously drive higher its price. Since then, a series of events in the uranium industry has led Appel to believe that uranium prices will reach never before seen levels.

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