NEW YORK, NY--(Marketwire -01/25/12)- The uranium industry has been on impressive run of late. The Global X Uranium ETF, which holds over 20 uranium stocks, has surged more than 25 percent over the last month as positive guidance from some of the industry's largest players has renewed investor optimism in the sector. In addition, recent remarks from Chinese Prime Minister, Wen Jaibao have highlighted the country's intentions to focus on nuclear energy and limit its use of coal. The Paragon Report examines investing opportunities in the Uranium Industry and provides equity research on Uranerz Energy Corporation (AMEX: URZ - News) (TSX: URZ - News) and Ur-Energy Inc. (AMEX: URG - News) (TSX: URE.TO - News). Access to the full company reports can be found at:
China's primary economic planning agency, The National Development and Reform Commission, estimates that China can expand its current nuclear capacity of 10.8 gigawatts to between 70 and 80 gigawatts by 2020. According to the U.S. Energy Information's International Energy Outlook for 2011, China intends to add 106 GW of nuclear capacity by 2035. China plans to have 40 reactors by 2020 and, by 2030, enough additional reactors to generate more power than all 104 reactors in the US. In early 2011, following the tragic meltdown of the Fukushima Energy Plant, the Chinese State Council temporarily halted the construction of 27 nuclear power plants declaring the need for new safety regulations. During the delay, China re-assessed the safety of its planned and approved Generation-II reactor projects.
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Shares of Ur-Energy have skyrocketed more than 30 percent month-over-month. Earlier this week Ur-Energy announced that it has entered into a new uranium supply agreement with a North American based utility company. The contract calls for total deliveries of 200,000 pounds of uranium concentrate per year in a multi-year schedule commencing in 2013.
Uranerz Energy Corporation shares are up more than 20 percent over the last month. Uranerz Energy Corporation is an exploration-stage company. It is engaged in the acquisition, exploration and, when warranted, development of uranium properties.
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