Global Demand for Nuclear Power Remains Strong -- Cameco and Uranium Resources Make Acquisitions

Five Star Equities Provides Stock Research on Cameco and Uranium Resources

Marketwired

NEW YORK, NY--(Marketwire - Sep 14, 2012) - Investor optimism within the Uranium Industry appears to be gaining momentum in 2012 as Japan has begun to bring back nuclear reactors online. The Global X Uranium ETF (URA) is up nearly 8 percent in the last month as the growth outlook of Nuclear Energy appears strong after falling hard last year on Japan's nuclear disaster. The ETF collapsed over 50 percent last year in the wake of the Fukushima disaster. Five Star Equities examines the outlook for companies in the Uranium Industry and provides equity research on Cameco Corp. (NYSE: CCJ) (TSX: CCO) and Uranium Resources, Inc. (NASDAQ: URRE).

Access to the full company reports can be found at:

www.FiveStarEquities.com/CCJ
www.FiveStarEquities.com/URRE

The International Atomic Energy Agency (IAEA) in its "Nuclear Safety Review" report for 2012 finds that demand for nuclear around the globe remains strong. It noted that countries such as China, India, the Republic of Korea, Turkey, United Arab Emirates and Vietnam still look to nuclear energy to meet their growing energy demands, while other countries have even accelerated plans for additional nuclear power.

"For example, France is building its first advanced reactor, with plans for a second already being drawn up; the Russian Federation seeks to double its nuclear energy output by 2020, with several reactors around the country currently under construction; and, the United Kingdom has plans to build additional reactor units," IAEA said.

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Cameco recently acquired BHP Billiton's Yeelirrie uranium project for $430 million. The company is looking to increase their uranium output from current mines and projects to 40 million pounds annually by 2018. Of the seven "significant" uranium-mining deals that has taken place since the Fukushima disaster, Cameco has been the buyer of two of them according to Raymond James analyst David Sadowski.

Uranium Resources explores, develops and mines uranium. Since its incorporation in 1977, URI has produced over 8 million pounds of uranium by in-situ recovery methods in the state of Texas. The company recently completed the acquisition of Neutron Energy. "This transaction positions URI as one of the largest uranium development companies based in the U.S. with more than 154 million pounds of in place mineralized uranium material," said Don Ewigleben, President and CEO.

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