NEW YORK, March 24, 2017 /PRNewswire/ --

FinancialBuzz.com News Commentary 

Nuclear power plays a major role in generation of electricity around the world. Its importance is expected to grow, as demand for more clean energy is accelerating and emerging markets such as China and India are in need of stronger electrical infrastructure. A recent report by the World Nuclear Association indicates that Mainland China has 36 nuclear power reactors in operation, 21 under construction, and more about to start construction. The planned reactors will include some of the world's most advanced, and are designed to give a doubling of nuclear capacity to at least 58 GWe by 2020-21, then up to 150 GWe by 2030, and much more by 2050. The high growth of nuclear power in China is largely due to air pollution from coal-fired plants. Azincourt Uranium, Inc. (OTC: AZURF) (TSX-V: AAZ), Fission Uranium Corp. (OTC: FCUUF) (TSX-V: FCU), Ur-Energy Inc. (NYSE: URG) (TSX-V: URE), Uranium Resources Inc. (NASDAQ: URRE), Denison Mines Corporation (NYSE: DNN) (TSE: DML.TO)

As for the United States, the World Nuclear Association indicates that the USA is the world's largest producer of nuclear power, accounting for more than 30% of worldwide nuclear generation of electricity. Following a 30-year period in which a few new reactors were built, it is expected that four more new units will come online by 2021. As a result, the uranium market is once again in the spotlight. Nuclear reactors use enriched uranium as fuel.

Azincourt Uranium, Inc. (OTC: AZURF) (TSX-V: AAZ) is a Canadian based resource company specializing in the strategic acquisition, exploration and development of uranium properties. The Company's Patterson Lake North Property lies adjacent and to the north of the Patterson Lake South property, owned by Fission Uranium Corp. (OTCQX: FCUUF) (TSX-V: FCU). The company owns a 10% working interest in PLN and Fission 3.0 owns a 90% interest. In addition the Company is currently evaluating additional uranium properties to acquire or joint venture.

On February 24th Azincourt Uranium announced that, "It has completed a non-brokered private placement. Azincourt will apply the net proceeds of the Offering to advance the Company's Patterson Lake North property ("PLN") and for general working capital purposes. PLN lies adjacent and to the north of the Patterson Lake South property, owned by Fission Uranium Corp. In addition, the Company is currently reviewing opportunities to acquire interests in other uranium projects in the Athabasca Basin, Saskatchewan."

Ur-Energy Inc. (NYSE: URG) (TSX-V: URE) is a junior uranium mining company operating the Lost Creek in-situ recovery uranium facility in south-central Wyoming. The Lost Creek processing facility has a two million pounds per year nameplate capacity. The Company has begun to submit applications for permits and licenses to operate Shirley Basin. Ur-Energy is engaged in uranium mining, recovery and processing activities, including the acquisition, exploration, development and operation of uranium mineral properties in the United States.

Uranium Resources Inc. (NASDAQ: URRE) is focused on expanding its energy metals strategy, which includes developing its new lithium business while maintaining optionality on the future rising uranium price. The Company has developed a dominant land position in two prospective lithium brine basins in Nevada and Utah in preparation for exploration and potential development of any lithium resources that may be discovered there. URRE remains focused on advancing the Temrezli in-situ recovery (ISR) uranium project in Central Turkey when uranium prices permit economic development of this project. URI controls extensive exploration properties in Turkey under eight exploration and operating licenses covering approximately 39,000 acres with numerous exploration targets, including the potential satellite Sefaatli Project.

Denison Mines Corporation (NYSE: DNN) (TSE: DML.TO) is a uranium exploration and development company with interests focused in the Athabasca Basin region of northern Saskatchewan, Canada. In addition to its 60% owned Wheeler River project, which hosts the high grade Phoenix and Gryphon uranium deposits, Denison's exploration portfolio consists of numerous projects covering approximately 370,000 hectares in the Athabasca Basin region. Denison's interests in Saskatchewan also include a 22.5% ownership interest in the McClean Lake joint venture, which includes several uranium deposits and the McClean Lake uranium mill, which is currently processing ore from the Cigar Lake mine under a toll milling agreement, plus a 25.17% interest in the Midwest deposit and a 63.01% interest in the J Zone deposit on the Waterbury Lake property.

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