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The Company is engaged in the exploration, development, mining, refining, conversion, and fabrication of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and internationally.
The short-term outlook for uranium is poor because of public ambiguity following the events in Japan and a short-term excess of supply in the market. It is a good long term play because the company is positioned for the long term in an environment with 3% expected annual growth in demand and a 20% supply gap by 2022.
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