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TER: With juniors trading at near 52-week lows, why haven't we seen more consolidation?
JH: We have seen some deals. I think as the uranium prices bottom and as the large miners' prices increase, we will see more of these deals. There will be more confidence in the sector for mergers and acquisitions activity. And as we get closer to some of these supply shortfalls, such as the 2013 Russian HEU agreement expiring, near-term producers, especially in the U.S.—where there is already a huge supply-demand deficit—the near-term U.S. producers are going to become more highly sought after by the majors. We may see consolidation in these near-term producers, especially as they begin to produce profitably.
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http://www.uraniumseek.com/news/UraniumSeek/1350587747.php
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