Assumptions:
1. The demand for energy will always continue to grow.
2. Renewable energy is good but will never be able to meet all demand.
3. US, China, India, Russia, etc. are all building Nuclear reactors, some of which will be operational in the next 5-10 yrs. The demand for nuclear power plant workers in the US is already on the rise. McCain wants 45 nuclear reactors by 2030 :) - http://www.nytimes.com/2008/06/19/us/politics/19nuke.html
If the above constraints are reasonable, then t… More
| Price | 1.03 |
| Price Change Today | 0.00 (0.00%) |
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| Uranium Resources, Inc. was formed in 1977 and incorporated in the state of Delaware in 1987 to acquire, explore and develop properties for the mining of uranium (hereinafter sometimes referred to as U3 08) in the United States using the in situ leach mining process (ISL). The Company has two developed mining properties - Kingsville Dome and Rosita - both located in South Texas. | |





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1. The demand for energy will always continue to grow.
2. Renewable energy is good but will never be able to meet all demand.
3. US, China, India, Russia, etc. are all building Nuclear reactors, some of which will be operational in the next 5-10 yrs. The demand for nuclear power plant workers in the US is already on the rise. McCain wants 45 nuclear reactors by 2030 :) - http://www.nytimes.com/2008/06/19/us/politics/19nuke.html
If the above constraints are reasonable, then there is no doubt that uranium will be in great demand in the near future.
URRE ownes producing and undeveloped uranium properties in South Texas and undeveloped uranium properties in New Mexico. In South Texas, the Company's properties are Kingsville Dome, Rosita and Vasquez. In New Mexico, its properties are Churchrock, Crownpoint, Nose Rock, West Largo and Roca Honda.
The point to note is that all their properties are in US or in US friendly SOIL. soil that has been tested ideal for the ISR mining technique.
conclusion: Uranium will be in great demand and URRE has the proper resources and experience to deliver uranium. There is a good chance they will be BIG in the next 3 years.
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