Molybdenum plays a more vital role in the global nuclear renaissance than you might suspect. Without the silvery white metal, the world's energy infrastructure would somewhat suffer. But, nuclear power plants would be set back at least two decades. The new high performance stainless steels (HPSS) contain as much as 7.5 percent molybdenum and can add more than three times the life to the world's aging nuclear fleet condenser tubes.

Water plays an integral role for In Situ Recovery (ISR) uranium mining. If the water is not in the right place, ISR mining can not take place. A company's 'pounds in the ground' are nearly worthless or may have to be extracted through other means.

Permitting a uranium mine requires more than a simple application to mine. And, as we discovered, the process can take between three and six years (sometimes even longer), costing several million dollars and requiring numerous scientific studies on a company's property. This could add additional pressure to uranium prices.

Bids are due in Corpus Christi, Texas on April 3rd for the sealed-bid auction, conducted by Mestena Uranium LLC, for another modest lot of 100 thousand pounds of U3O8. "Buyers are once again expected to compete aggressively for the material," Nuclear Market Review (NMR) editor Treva Klingbiel wrote in the monthly edition of the nuclear industry trade magazine. "Any material offered at fixed price is highly sought after by potential buyers."

First Uranium Corporation announced the appointment of Emma Oosthuizen as Chief Financial Officer. With her appointment, First Uranium has completed its near term goal of hiring its management team to lead the Company in the execution of its strategies.

Last year's basic series on In Situ Recovery uranium mining became a major success with many investors, who finally got an inside look at how uranium mining takes place. Part two of this six-part series provides a deeper understanding into the In Situ Recovery (ISR) uranium mining method. This part discusses satellite plants used for uranium processing. They are smaller, mobile and reduce capital and operating costs.

A record number of uranium bidders competing for a small amount of uranium drove up the price by a record dollar amount to the highest price in history. Uranium has now become a precious metal.