Uranium is powerful stuff. High-tech nuclear power plants,
rather than burning fossil fuels, split uranium atoms to create
energy. That means 2 billion tonnes of carbon dioxide emissions
can be avoided annually — and that’s just for existing nuclear power
plants.

And consider the cost savings: According to the Nuclear
Energy Institute, "Nuclear plants are the lowest-cost producer of
baseload electricity. The average production cost of 1.76 cents per
kilowatt-hour includes the costs of operating and maintaining
the plant, purchasing fuel and paying for the management of
used fuel." Compare that with 10.26 cents per kilowatt-hour for
petroleum.

Right now, 35 reactors are under construction in the Far East, and 319 more are under contract. That adds up to massive uranium supply shortage.

But one Canadian mine sits on so much of the world’s uranium, it is essentially a monopoly — providing 15% of the world’s demand.

They are currently having discussions with China regarding a potential uranium supply agreement. If this deal goes through, it would be huge for this company. Plus, the company’s stock has risen 90% since late February.

Top Uranium Stock to Buy Now

Cameco (CCJ) is the Saudi Arabia of uranium. It’s the
world’s largest low-cost uranium producer, providing 15% of the
world’s demand. It has 500 million pounds of proven and probable
uranium reserves and extensive mineral resources.

It has four operating mines in Canada and the U.S., as well
as two mines ready to be developed in Canada and Central
Asia. Through its 31.6% ownership of the Bruce Power nuclear
generating station located in southern Ontario, Cameco generates
clean electricity. Cameco is the sole fuel source supplier to Bruce.

Cameco is currently in the process of exiting the gold business through its subsidiary Centerra, which was listed on the Toronto Stock Exchange in 2004. In the future, the company says it intends to focus on its uranium mining and nuclear power related businesses as a dominant nuclear energy company and the supplier and partner of choice in the industry.

If you didn’t double, triple or quadruple your money in the last 5 years in the great bull market in commodities like gold, copper, steel, coal, uranium, oil or natural gas, this is your second chance. Details in your Special Report, The 7 Time Bombs of 2009–10.