There are a number of reasons but as Rick Rules from SPROTT...

There are a number of reasons but as Rick Rules from SPROTT says: 1/5 houses in America are powered by nuclear reactors. If they decide to stop due to the loss that the industry is making (current spot price is low $20 and miners are producing for $40) then those houses will not have electricity. This is one reason but the others are: - Japan restarting reactors so far upto 10 reactors have restarted - China, India, Argentina and UAE are building nuclear reactors - g20 summit keeps talking about reducing carbon emissions.. nuclear has no carbon emissions - all the junior minors which had long term debt have shut shop and we are only left with 20 or all uranium producers around the globe - we are currently in a bear market and the uranium sector is quiet cyclical every 10 -15 yrs there seems to be a trend towards a bull market (review stocks previous SP when the U spot price was $100). There are so many other reasons but the aformntionsd are only a few. IMHO uranium will boom in the next 3-5 yrs. DYOR and GLTAH !