Uranium Resources, Inc. (NASDAQ:URRE)
The Company was organized in 1977 to mine uranium in the U.S by using an in situ recovery mining method, a process by which groundwater is fortified with an oxidizing agent and pumped into the ore body causing the uranium contained to dissolve.
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future outlook for this company is good since there is shortage in supply of uranium
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uranium prices going up.......shortages of nuclear fuel........preferred method of power generation over coal, oil, hydro, etc., becoming increasingly well-positioned for expansion and to create a strong market presence. low current valueation (5.90). don't expect to see significant gains for at least 6 mos
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Mining operational in S. Texas actively acquiring new leases with known deposits.
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They are already generating money with their Texas operation and with their New Mexico operation coming online in the next few years this company looks good. The land in NM contains some of the riches uranium in the world.
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government currently making a new nuclear bomb.
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Nuclear energy is the fuel of the future.
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