UEC article in Forbes: ......The timing is good. The U.S. has one fourth of the world’s nuclear reactors, and most of them have decades of life left in them. The Obama Administration recently proposed tripling a nuclear-plant loan guarantee program to $54 billion. That could lead to the construction of a dozen more reactors.
In January Adnani’s UEC was granted licenses to begin operating its Palangana mine in Duval County, Tex., 75 miles west of Corpus Christi. Adnani think she can start production by the end of the year. His ambition is to get permits at more spots and to reach 2.5 million to 3 million pounds a year all told within five years......
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.