Another glimmer of hope for long-suffering uranium bulls: Pro-nuclear candidate Yoichi Masuzoe won the race to be Tokyo’s governor on the weekend. Masuzoe is an ally of Japanese prime minister Shinzo Abe, and both men believe nuclear power will be key to feeding Japan’s substantial energy needs. Here’s the BBC article.
Japan’s inevitable reactivation of its nuclear power plants should help support the uranium price and by extension, Canadian uranium plays. Many of those are producing or exploring in the uranium-rich Athabasca Basin, home to the world’s highest uranium grades by a country mile.