What About...Uranium?

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The uranium story is on fire, especially with smaller exploration companies in Canada.

With even Buffett looking outside the U.S. for the next big thing, perhaps it’s time to consider something that’s both piping-hot and just across the border. Lucky you, uranium is not only on fire – it still has plenty of room to grow.

There’s a current uranium shortage, which could drive the price though the roof over the next few years. Current mine production only fills 55% of the world’s reactor needs. In Canada, all of the present uranium that’s mined comes from two Proterozoic basins. However, there is a third basin - the Hornby Bay basin - containing the same type of geology, but has yet to be tapped. And one company Canadian company, UNOR Inc. (Vancouver: UNI), owns the bulk of the claims and leases.

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