Canada's hot and humid summer is often a quiet time in the mining industry but some exciting uranium finds this year have kept prospectors and investors from lounging at the lake, according to an article in Bay Street Week Ahead, by Nicole Mordant.
There's been a 44 percent surge in the uranium price this year, and Canada's exploration industry has fanned out across almost every province and territory in search of new deposits of the heavy metal, which is fairly abundant in the Earth's crust.
Uranium is popular again as the world hunts for new and cheaper sources of energy to generate electricity and as coal-fired power plants get a bad rap from those worried about carbon dioxide emissions and global warming.
There's been a 44 percent surge in the uranium price this year, and Canada's exploration industry has fanned out across almost every province and territory in search of new deposits of the heavy metal, which is fairly abundant in the Earth's crust.
Uranium is popular again as the world hunts for new and cheaper sources of energy to generate electricity and as coal-fired power plants get a bad rap from those worried about carbon dioxide emissions and global warming.
