Uranium giant Cameco Corp raised its hostile takeover offer for Athabasca Basin uranium junior Hathor Exploration with an increased all-cash offer of $625 million, or $4.50 per share.
Articles Tagged "nuclear sector"
The Resource Investing News survey suggests that despite challenges in the uranium market in early 2011, uranium has displayed an improving sentiment. Following the earthquake and tsunami in March, uranium investment has gained interest with takeover bids for junior explorer Hathor by Cameco and Rio Tinto.
With uranium producers and reactor suppliers also potentially benefiting in the process Secreatry Chu stated "Establishing this reserve will put confidence in the US as a reliable supplier of nuclear fuel and should encourage other governments to see American nuclear vendors as preferable partners."
The potential outlook for both the uranium mining and nuclear industries suggest a muted positive context by some analysts that could be worth noting for investors. In an exclusive interview with Uranium Investing News, Mikhail Safin, Equity Research Analyst at Renaissance Capital explained, “in the uranium mining industry currently we are observing the consequences of the accident in Fukushima."
Bloomberg.com reports on U.S. nuclear plants face testing of their ability to withstand natural disasters.
Uranium investors will be interested in this political situation in Japan, in addition to how they meet the increasing challenges of simultaneously achieving high degrees of energy security, environmental compatibility and economic efficiency.
The Energy Collective reports on the mining sector and particularly on nuclear industry subsidies.
Resource Investor reports on Germany's recent decision to exit from the nuclear energy.
Businesswire reports on the forecasts of Global Nuclear Power and its future expectations.
World Nuclear News reports on nuclear policy will be an important role in Germany's future energy mix.