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Monday, January 26, 2015
Uranium prices could boost UEC
Uranium Energy is up sharply after CEO Amir Adnani told shareholders that uranium may be experiencing "fundamental shifts in the supply/demand picture" that may support higher prices, with spot prices now up 35% above 2014 lows.
At ~$36/lb., the CEO says UEC faces "a once-in-a-generation opportunity," and that "there are strong reasons to believe that the bottom of the cycle has been reached and the future could well see significantly higher uranium prices."
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