Russell Industries Answers the Question, Why Should You Invest in Uranium
Russell Industries, Inc. (Pink Sheets:RUSL), recently the Company has been asked by the general investor public, “Why should I invest in Uranium”? To follow are a few of the reasons as published in Money Week, October 7, 2007.
“Security concerns over global oil supply and fears of global warming have shifted public opinion,” say analysts at Canada’s Haywood Securities, “with nuclear energy becoming an acceptable option again.”
“Uranium in its enriched form is the fuel of nuclear power stations – 440 of them generate 16% of the world’s electricity.
Only a handful of mines in Canada and Australia produce uranium as their primary product, although some is also recovered as a by-product of mining other metals, usually gold.
However, annual output of 47,000 tons only meets 58% of demand. There has been a shortfall every year since 1985, the difference being met by drawing on government and private inventories, recycling spent fuel rods and tailings, and running down stockpiles of weapons-grade material since the end of the cold war.
Most of these secondary sources are running out. Remaining stockpiles of both yellowcake and weapons-grade metals are expected to be fully depleted by the end of this decade.
Meanwhile, demand for nuclear fuels is growing. 30 new nuclear power stations are under construction, with several dozen more in the planning stages. China alone, hungry for energy resources of all kinds to fuel its phenomenal economic expansion, intends to bring on line 27 new reactors over the next 15 years. India plans 31 additional reactors, Russia 25.”
“Today Uranium is an important alternative energy source for the universe. Regardless of who is elected as the next President of the United States, nuclear power will be an important alternative source of energy for the United States,” said Rick Berman, President and CEO of Russell Industries.
Russell Industries, a Nevada Corporation, was incorporated in 1997. The Company is a holding company that will possibly acquire assets in the energy, mining, healthcare and financial industries. The Company owns a majority ownership interest in 255 Unpatented Uranium and Vanadium Mining Claims in San Juan County, Utah as of October 16, 2008.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as “believe,”"expect,”"intend,”"anticipate,”"estimate,”"project,” or similar expressions. These forward-looking statements relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, potential future performance, perceived opportunities in the market, and statements regarding the Company’s mission and vision. Investors should be aware that the Company raises equity capital by selling its stock as per SEC Regulation D, Rule 504 Exemption to Accredited Investors. One result to date of this method of financing is a large amount of issued and outstanding free trading common stock in the market.