Greenland lift for uranium junior
Monday, October 28, 2013 at 5:45PM
Uranium Stocks

 With Uranium At Rock Bottom There's No Better Time To Invest In Uranium

A small Australian company has benefited from Greenland's decision to relax its hardline stance against uranium mining.

Shares in ASX-listed junior Greenland Minerals and Energy soared by close to 10 per cent on Monday, after the Greenland government last week eased its opposition to the uranium sector.

After decades of ''zero tolerance'' towards uranium mining, the government narrowly voted to allow some mining in a bid to boost its economy.

Despite the decision being closely fought and the company still needing to apply for licences before any mining begins, the local market responded warmly to the policy change by lifting the stock by 3¢ to 35¢.

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