Increasing Demand for Uranium a Boon for Uranium Energy Corp. (UEC)
The BP oil spill in the Gulf of Mexico has once again focused attention on alternative energy sources. One such alternative energy is nuclear energy, which is a major player globally in the production of electricity. Of course, the fuel which powers nuclear reactors is uranium and demand for uranium is rising globally. One company striving to meet that demand is Uranium Energy Corporation. Uranium Energy Corporation is on the cutting edge of uranium development in the United States. It hopes to spark a revival in the US uranium industry which has been dormant for 18 years. The company controls…