Uranium is still a niche fuel, but it’s an extraordinarily important one. As of Feb. 1, 2010, the metal, which is crucial for the generation of nuclear power, was used in 436 nuclear reactors in 32 countries around the world, according to the World Nuclear Association (WNA). Those nuclear reactors are responsible for 15 percent of the world’s electrical power generation, generating 2,601 billion kWh. And that number is only growing: Currently, 53 reactors are in construction, 142 are on order or planned and 327 are in the proposal stage. Even in the U.S., support for nuclear power is at an all-time high, according to a recent poll by Gallup.
How can you get involved and take advantage of this growth? There are any number of established uranium related stocks such as CCJ and URRE as well as there are some emerging growth companies worth looking as such as American Energy Fields, Inc. which is traded on the NASDAQ OTCBB under the symbols AEFI. You can also check out the website: http://www.americanenergyfields.com