PRISM Uranium Index Soars 16% on High Demand
The PRISM Uranium Index soared 16% today on speculations of high demand for Uranium.
Japan has called for a study of new nuclear plants, raising hopes of a resurgence in uranium. The Japanese Prime Minister Fumio Kishida also said he wanted a government committee to consider building new nuclear-powerplants.
In addition, Germany has postponed the closure of the country’s last three nuclear power plants.
The positive news for Uranium has caused impressive gains in Uranium stocks. Blue Sky (BKUCF) is up 24%, Energy Fuels (UUUU) is up 20%, Ur-Energy (URG) is up 18% and Denison Mines Corp. (DNN) is up 16%.