It is no small irony that Three Mile Island, once a byword for the peril of nuclear energy, now stands poised to symbolize its renaissance. As the New York Times reported in November, nuclear power plants, once the target of fierce opposition, are now coveted for their ability to produce massive amounts of electricity without the emissions that contribute to climate change. A transformation in perception is under way, and with it comes a surge of activity in the nuclear industry — one that bodes well for uranium’s future.
The virtues of nuclear power, long overshadowed by fear and controversy, are finally being recognized across the spectrum — from investors and electricity consumers to government officials and the global environmental community. These virtues, which we’ve outlined in detail, are so compelling that a worldwide nuclear boom is under way. The uranium market is positioned for a period of unprecedented excitement.
The signs are everywhere.