Uranium shares rise as Japan hints at potential return to nuclear power

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Japan says it will focus on developing next\u002Dgeneration reactors to tackle energy costs that have soared during the Ukraine crisis. Read more

Saskatoon-based Cameco Corp., one of the world’s largest uranium producers, was trading at $33.99, up 11.5 per cent or $3.52 on the Toronto Stock Exchange at noon, while Toronto-based Denison Mines Corp. shares rose 12 per cent, trading at $1.61.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

“In addition to Japan’s announcement, in recent months we have seen several jurisdictions — including Germany, Belgium and California — revisit their plans to ramp down or phase out nuclear energy generation.”Article content The comments from Japan’s prime minister come more than a decade after a massive earthquake triggered a nuclear meltdown at the Fukushima Daiichi power plant. The country has kept most of its nuclear plants idle ever since.

Source: Energy Industry News (energyindustrynews.net)

 

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