A significant base may be forming in uranium stocks - seen in the Global X Uranium ETF - as Japan's troubled nuclear energy industry passed its first major vote since the Fukushima tragedy. Positive news is beginning to emerge after three months.
All over the world nuclear is being recognized as an integral part of clean energy generation in a developing and expanding world. More than $8 billion in federal loan guarantees are slated for the first nuclear plant in the US in close to 30 years.
Link-up with BMA Gold will form medium-sized group with easier access to funds. The merger plans and new name, Gold One International, recall a similar strategy by Aflease Gold CEO Neal Froneman when he headed Uranium One.