(1888PressRelease)
May 20, 2006 - The U.S. Department of Energy’s record-keeping arm issued very encouraging data this week, which should give a boost to many of the companies developing their uranium properties in the United States. StockInterview’s James Finch reported, “Front-runners, with the more solid outlook, include Strathmore Minerals (TSX: STM; Other OTC: STHJF), UR-Energy (TSX: URE), Uranerz Energy (OTC BB: URNZ) and Energy Metals (TSX: EMC). The U.S. government’s uranium annual report should also help bolster the aspirations of the more speculative uranium explorers and developers we have previously written about, including Kilgore Minerals (TSX: KAU), Max Resources (TSX: MAX; OTC BB: MXROF), and Northwestern Minerals Ventures (TSX: NWT; OTC BB: NWTF), which also plan to explore their U.S. uranium-mineralized assets.”
The Energy Information Administration (EIA) released its Annual Domestic Uranium Production Report on Monday, showing the U.S. uranium production industry’s turnaround continued through 2005. Drilling, mining, concentrate production, employment and expenditures all increased over 2003 and 2004. While some companies withheld reporting data about certain of their activities, one can definitely see an uptrend forming in this sector.
ABOUT STOCKINTERVIEW.COM To read James Finch’s commentary of why U.S. uranium companies are in the right place at the right time, please visit the Internet news website, StockInterview.com, for the feature entitled, “U.S. Uranium Sector Glowed in 2005: An Even Brighter Future Ahead.” The feature appears on this webpage: http://www.stockinterview.com/journal.html
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