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TradeTech Uranium Spot Price Reaches Record High in 2007

A price trend that began in 2005 continued throughout 2007 as TradeTech's uranium spot price peaked at $138 per pound uranium oxide (U3O8) on June 1--setting an all-time record since price reporting began in 1968.

The uranium spot price, spurred by investor interest in the market and thin near-term supplies, rose steadily over a two-year period before buying interest waned considerably in the summer of 2007 and the market began seeing interest from sellers to move material. By the end of September, the spot price had sagged to $75 per pound U3O8, largely due to the presence of sellers driven by cash requirements.

The first signs of a strengthening market occurred in mid-October, when after 16 weeks of falling or flat prices, TradeTech's uranium spot price increased $3.00 to $78.00 per pound U3O8. Buyers began returning to the market, and in November, negative news from several producers about future supplies caused the spot price to climb further. By early December, the spot price had rebounded to $93 before settling at $89 per pound U3O8 on December 31.

Recent demand in the spot market has been primarily discretionary and a majority of buyers have remained on the sidelines. "Weak utility demand and the desire of some sellers to generate cash before year-end all combined to keep spot uranium prices soft," said TradeTech President Treva Klingbiel. "Although demand is expected to increase in January when 2008 budgets take effect, it may take several weeks for the market to regain momentum," Klingbiel added.

TradeTech publishes the Nuclear Market Review each Friday evening, which reports the weekly uranium spot market price, uranium trading activity, industry news, and market data. TradeTech also publishes The Nuclear Review, a monthly trade publication dedicated to the international uranium and nuclear energy industry.

TradeTech, and its predecessor companies-NUEXCO Information Services, CONCORD Information Services, and CONCORD Trading Company-has supported the uranium and nuclear fuel cycle industry for more than 35 years, and is widely recognized for its expertise in trading activities and its comprehensive knowledge of the technical, economic and political factors affecting this industry. TradeTech provides expert market consulting, participates in the buying and selling of uranium products and services, and maintains an extensive information database on these industries.

For general and media inquiries contact:

TradeTech

600 Seventeenth Street

Suite 720 South

Denver, CO 80202

Phone: 303.573.3530

Fax: 303.573.3531

http://www.uranium.info

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