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The demand for alternative energy sources has significantly increased on account of the steady rise in demand for electricity generation, growing concerns over global warming and rapid depletion of fossil fuel resources. Demand for electrical power is projected to almost double between 2004 and 2030, growing on average 2.6% per year from 17,408 thermal watt hours to 33,750 thermal watt hours. Alternative energy sources include nuclear power generated by uranium. There are approximately 439 nuclear reactors in operation worldwide, with another 33 under construction and 94 new reactors planned over the next five to ten years.
The increasing number of nuclear reactors will significantly push the demand for uranium from approximately 80 million tons in 2007 to 100 million tons in 2015. This opportunity will significantly benefit energy and uranium producing companies. Utah Uranium Corp. (UTUC), a natural resources company, is dedicated to the acquisition, exploration and development of uranium properties in the
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Beacon Equity Research Disclosure
The analysts contributing to this report do not hold any shares of Utah Uranium Corp. (UTUC) Additionally the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research (“Beacon”) certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. Beacon Equity Research and its affiliates have been directly compensated a total of fifty thousand dollars from a non-controlling third party (Pine Mountain Ventures) for enrollment of UTUC in its research program and to coordinate a comprehensive marketing program. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.
