At $113, spot uranium prices are at their highest since the 1970s after jumping a full $18 since last week according to UxC (www.uxc.com). That’s an increase of about 20% in just seven days.
The spike in uranium prices has sent up the shares of many smaller Canadian uranium companies, as observed by an article published this week on Reuters.
Energy Fuels (EFR.TO), for example, rose more than 17% to C$5.00 on the Toronto Stock Exchange. Meanwhile UEX Corp. (UEX.TO) gained 33 Canadian cents to $7.75, an increase of 4.5%.
Forward-Looking Statements
Statements in this blog may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above. In addition, such statements could be affected by risks and uncertainties related to the exploration for and development of mineralized material, product demand, market and customer acceptance, competition, pricing and development difficulties, as well as general industry and market conditions and growth rates and general economic conditions. Any forward-looking statements speak only as of the date on which they are made, and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.
The spike in uranium prices has sent up the shares of many smaller Canadian uranium companies, as observed by an article published this week on Reuters.
Energy Fuels (EFR.TO), for example, rose more than 17% to C$5.00 on the Toronto Stock Exchange. Meanwhile UEX Corp. (UEX.TO) gained 33 Canadian cents to $7.75, an increase of 4.5%.
Forward-Looking Statements
Statements in this blog may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above. In addition, such statements could be affected by risks and uncertainties related to the exploration for and development of mineralized material, product demand, market and customer acceptance, competition, pricing and development difficulties, as well as general industry and market conditions and growth rates and general economic conditions. Any forward-looking statements speak only as of the date on which they are made, and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.
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