05.01.2015 - 21:49 [ Bloomberg ]

Uranium Producer Energy Fuels to Buy Miner Uranerz

Both companies have posted losses over the past 12 months. The price of uranium has dropped more than 25 percent since the March 2011 earthquake and tsunami that hit Japan, leading to a meltdown at the Fukushima Dai-Ichi nuclear power plant and the suspension of the country’s other reactors. Four U.S. reactors shut in 2013 because they weren’t profitable or needed costly repairs.