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Pinnacle Digest Selects Uranerz Energy As Its First Ever Featured Uranium Company
Pinnacle Digest Selects Uranerz Energy As Its First Ever Featured Uranium Company
About this update from Uranium One Mining Corp.
[{"type":"text","content":"\nPinnacle Digest Selects Uranerz Energy As Its First Ever Featured Uranium Company\n\n\n Feb. 22, 2010 (TheNewswire.ca) -- www.PinnacleDigest.com / Delta, BCDemand for uranium is expected to dramatically increase across the globe over the next decade, and as investors we need to be prepared for this. A global initiative is being undertaken to use clean, efficient energy resources and uranium provides the ability to go green, through the use of nuclear power. There has never been such urgency from world leaders to increase their nuclear power production. The United States and China have taken unprecedented action by committing billions of dollars to be utilized for nuclear reactor construction.The US leads the world with 102 operating nuclear power plants, producing 19% of the country's electricity. President Obama has made it very clear that the US desperately needs to expand its nuclear power production. Obama's recent budget proposal calls for tripling government loan guarantees for new nuclear reactors, amounting to $54 billion in loan guarantees. This followed Obama's pledge in his State of the Union Address on January 27th 2010 when he proposed to heavily expand nuclear power production.Just this week, The White House announced the planned construction of the first nuclear power plant to be built on American soil in more than 30 years. And the rest of the world isn't standing by to watch.Mainland China has 11 nuclear power reactors in commercial operation, 21 under construction, and more about to start construction soon. There are currently 56 nuclear reactors under construction worldwide and over 200 more in the planning stages. This will all lead to a continued long term increase in demand for uranium and the companies which mine it.Last week we told you our team had found a company with nearly $30 million in its treasury, over 300 years of management experience and a Chairman who had his past two most notable companies bought out between $10 and $20 dollars per share. Most importantly, this company has signed multi-year contracts for the sale of its uranium with two world leading nuclear operators in anticipation of its production permits being approved.The company we are referring to is Uranerz Energy (TSX:URZ') (TSX:URZ) (AMEX:URZ) (URZ: AMEX)(URZ: TSX) and we are proud to introduce them to you as our first ever Featu...