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.
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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.