U.S. Uranium Sector Glowed In 2005: An Even Brighter Future Ahead
The U.S. Department of Energys record-keeping arm issued very encouraging data this week, which should give a boost to many of the companies developing their uranium properties in the United States. Front-runners, with the more solid outlook, include Strathmore Minerals (TSX: STM; Other OTC: STHJF), UR-Energy (TSX: URE), Uranerz Energy (OTC BB: URNZ) and Energy Metals (TSX: EMC). The U.S. governments uranium annual report should also help bolster the aspirations of the more speculative uranium explorers and developers we have previously written about, including Kilgore Minerals (TSX: KAU), Max Resources (TSX: MAX; OTC BB: MXROF), and Northwestern Minerals Ventures (TSX: NWT; OTC BB: NWTF), which also plan to explore their U.S. uranium-mineralized assets.
The Energy Information Administration (EIA) released its Annual Domestic Uranium Production Report on Monday, showing the U.S. uranium production industrys turnaround continued through 2005. Drilling, mining, concentrate production, employment and expenditures all increased over 2003 and 2004. U.S. uranium mine production was the highest since the...
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