By Dave Brown — Exclusive to Uranium Investing News
According to Cameco CEO Tim Gitzel, the company is "partners with some of the Japanese utilities in some mining projects. We've talked to them about whether they're staying in the game and indeed they are staying in. They're continuing to invest in exploration. I think that's positive news for the Japanese fleet going forward.”Additional support for increased near-term demand for uranium was offered by Luc Oursel, the CEO of AREVA (EPA: AREVA), at a nuclear industry event in Seoul. Oursel stated that "[i]t has obviously slowed down a certain number of projects but when we look now as a global situation, we think this will pick up soon." The news is a positive development for investors and uranium producers as it confirms that future global demand may gain traction even sooner than anticipated. With top-level producers demonstrating confidence in a recommitment to nuclear policy, the anti-nuclear sentiment that has gained momentum in Western European nations seems to be settling. Bill Gates offers positive future perspective for nuclear industry Bill Gates talked about the future of energy use in a Wall Street Journal interview at the 2012 ECO:nomics conference, commenting, “the thing I'm investing in is a fourth-generation design [of a nuclear power reactor].” Sharing insight on the underlying technology, he noted that “the concept of this TerraPower reactor is that in the same reactor you both burn and breed. Instead of making plutonium and extracting it, we take uranium and convert that and burn it.” Junior company news First Uranium Corp. (TSX: FIU) announced that it has entered into a binding letter agreement for the sale of First Uranium Ltd. to Gold One International Ltd. (ASX: GDO). Mesa Exploration Corp. (TSXV: MSA) announced that six drill holes at the Moonshine Springs uranium project have recently been completed. The program tested extensions of previously discovered targets at the property. Uranium Resources (LSE: URA) reported drill results for the six-month period ended last December. The managing director's report indicates that recent results for the Mtonya project suggest that it bears similarities in its geology, lithology, and mineralogy to the well-known roll-front deposits in Kazakhstan and Wyoming.