U3O8 Spot Price
panies have started to realize gains in the
past several months. Saskatchewan-based
Cameco Corp., the world's largest uranium
supplier, reached $21.98/share compared
to a low of $16.75/share on November
15, 2012. This is the first sign of any true
recovery in the uranium sector.
Kazakhstan, Australia and Canada are
the top three producers and account for
63% of world uranium production. The
world's leading source of high grade uranium is the Athabasca Basin, a region
in northern Saskatchewan and Alberta.
Over the past year, Canada entered an
agreement with India to export uranium
and expanded an original agreement
with China to increase uranium exports.
Companies with property in the Athabasca
region are excited about the opportunity
uranium presents and are patiently awaiting a recovery in the uranium sector. n
Dennis Hoesgen and Eric Hoesgen are
Senior Investment Advisors with Hoesgen
Investment Partners (HIP) at Canaccord
Wealth Management, a division of Canaccord
Genuity Corp, Member- Canadian Investor
Protection Fund. The information contained
in this article is drawn from sources believed
to be reliable, but the accuracy and completeness of the information is not guaranteed, nor
in providing it does HIP, Canaccord Genuity
Corp, or its subsidiaries, or affiliated companies, assume any liability. This information is
current as of the date appearing in this article,
we do not assume any obligation to update
the information or advise on further developments relating to these securities. This report
should not be considered personal investment
advice or a solicitation to buy or sell securities.
Canaccord Genuity and holdings of its respective directors, officers and employees and their
associations, from time to time may buy or sell
any securities mentioned herein. The views
expressed are those of the authors and not necessarily those of Canaccord. Eric Hoesgen and
Dennis Hoesgen can be reached at 604-6437705 or HIP@Canaccord.com.
www.InvestmentMine.com/RW
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