Uranium a Better Brand Than Gold?

Everyone wants to be a uranium company these days, even gold miners.

A case in point is First Uranium Corp. of South Africa, which recently pulled off the year's biggest initial public offering in the mining sector, raising $203-million on the Toronto Stock Exchange.

Investors didn't seem to mind that, despite its name, the bulk of the revenue the company hopes to derive from its two properties will come from gold, not uranium.

A surefire way for mining companies to attract attention and raise cash lately is by being linked to the radioactive metal used to fuel nuclear reactors.

Uranium is also on the minds of the folks at The Daily Reckoning (U.K.).

Technorati tags: Nuclear Energy, Nuclear Power, Environment, Energy, Politics, Technology, Economics, Canada, Uranium

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