Presidential nominee John McCain is a longtime supporter of nuclear energy and was recently quoted as saying he, “would like to see at least 45 new nuclear reactors built in the US by 2030.” He has made it well known in his campaigning that the US is too dependent on foreign oil and shifting to more nuclear power plants would drastically reduce that dependency. The advantages to nuclear power are clear: it doesn’t emit greenhouse gases, it is cost efficient, and it is a reliable form of electricity produced from uranium – a fairly abundant domestic resource.
The US currently has 104 operating nuclear power plants, which account for approximately 20% of the power generated in the US. Based on McCain’s plan, the amount of power produced will increase greatly as the number of plants is increased by 43%. This power increase could mean a great deal of new homes and jobs for the builders, engineers and laborers at these new nuclear facilities. The increase in plants would also create a larger increase in this country’s the demand for uranium.
If McCain takes office and nuclear energy continues to grow at its rapid pace, uranium prices could be expected to rise and drive growth and value for shareholders much higher. Uranium Hunter has the advantage of harvesting its uranium from East Africa, an area that is proven to be rich in both uranium and gold. They have 100% interest in a few exploration projects and are currently awaiting the interpretation of data on several of their other prospective properties in Uganda. As the push for alternative forms of energy continues to grow, and the US tries to wean itself off fossil fuels, the future looks bright for Uranium Hunter Corporation.
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