After two decades of contraction and consolidation, the uranium industry has seen a recent major expansion. Rapidly increasing uranium prices and the ability to raise speculative capital in share markets worldwide have brought over 300 new participant companies into the uranium industry: "juniors" as they are known. These companies participated in a global land rush for known deposits as well as for prospective land positions in order to secure a "piece of the action" for their respective portfolios. Mostly publicly-traded companies, these "juniors" have captured the attention of world's investing public with spectacular gains; as much as 1,000s of percent in less than four years. The initial phase is over, however, and these companies must now prove that they can be successful in exploration or production.
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