Uranium prices have fallen 75+ percent following the highs in 2007. A twelve year bear market has wiped out investor interest in the commodity and related companies.
While nuclear power has fallen out of favor in developed countries, developing countries are increasingly relying on it to help with issues like air pollution and to lower carbon emissions.
Cameco is one of the largest miners of uranium in the world and is ideally positioned to benefit from renewed growth in nuclear power.
Uranium prices skyrocketed higher in 2007 only to come crashing down when the financial crisis hit. Prices stabilized but then the Fukushima disaster happened in 2011.
Most of Japan's nuclear reactors, which had generated roughly