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Long Term Uranium Outlook Remains Strong in Spite of Nuclear Concerns

NEW YORK, NY--(Marketwire - 03/16/11) - Canadian uranium stocks experience a massive selloff this week as investors weighed the prospect of a lengthy disruption to Japan's nuclear power program. Japan accounted for about 12 percent of global uranium demand last year and the nation's recent earthquake has fueled concern regarding nuclear power's longer-term viability around the world. Some analysts speculate that uranium's massive fall this week was an overreaction as recent remarks from China and Russia suggest a bright future for nuclear demand. The Bedford Report examines the Uranium Industry and provides research reports on Paladin Energy Ltd. (TSX:PDN - News) and Mega Uranium Ltd. (TSX:MGA - News). Access to the full company reports can be found at:www.bedfordreport.com/2011-03-PDNwww.bedfordreport.com/2011-03-MGALeaders in Europe are reassessing their stance on nuclear energy. Yesterday, Switzerland suspended plans to build and replace nuclear plants while German Chancellor Angela Merkel said a decision last year to extend the life of the country's 17 nuclear power stations would be suspended for three months.Edward Markey (D.-Mass) issued a statement Sunday calling for a moratorium on the construction of new nuclear power plants in the US, saying that a similar nuclear accident could happen in the US.The Bedford Report releases regular market updates on the uranium industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.Despite demand concerns elsewhere, uranium consumption in China and Russia is expected to surge in the upcoming years.China is in the process quadrupling its uranium consumption to 50 million-60 million pounds a year, and says it plans to build 10 nuclear power plants a year for the next decade. China's vice-president of the China Nuclear Energy Association, Zhao Chengkun, recently argued that nuclear is the only energy source that can be used on a mass scale to achieve the nation's goal of developing cleaner, low carbon energy.Russian Prime Minister Vladimir Putin said his government won't revise its program of building new nuclear reactors following two explosions at Japan's Fukushima nuclear reactor. Nuclear power currently accounts for 16 percent of Russia's electricity generation, and has set a target to raise its share to one-quarter by 2030. Russia would have to build a total of 40 new reactors to fulfill the goal.The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above-mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.bedfordreport.com/disclaimer.