Revival Of Nuclear Energy Will Spark Uranium Market

Nuclear power plant in Germany (Photo by Sean Gallup/Getty Images) Getty Images War in Ukraine is causing an energy reset. Western governments are rethinking dependence on Russian oil and gas, and it is a big opportunity for investors.

Prime Minister Boris Johnson announced last week that Britain will begin developing small scale, modular nuclear power plants. The new energy path is a big win for uranium assets.

It’s time for investors to consider buying Cameco Corp. (CME) .

The emergence of nuclear as a clean energy source seemed unlikely. Nuclear power has been derided for four decades. The number of plants globally peaked in 1996 when 17.5% of all electric power was generated in those facilities. Since then public has opinion soured and the political will to keep plants open waned.The downfall of nuclear energy was caused by a combination of eventsEnvironmental movements gained global traction in the 1970s and nuclear energy […]

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