Uranium companies trade higher after Japan announces nuclear restart

Uranium miners traded higher this week after Japan announced plans to resume the country's nuclear program, noted Ur-Energy's CEO John Cash. On Friday Cash recorded Kitco Roundtable with mining audiences manager Michael McCrae and Kitco correspondent Paul Harris. Ur-Energy is an in-situ uranium company with operations in Wyoming, U.S. Since 2013 the company has produced and shipped about 2.6 million pounds U3O8 from its Lost Creek operation.Japan will restart more idled nuclear plants and look at developing next-generation reactors, Prime Minister Fumio Kishida said on Wednesday, a major policy shift on nuclear energy a decade after the Fukushima disaster, reported Reuters.Uarnium bellweather Cameco (TSX:CCO) benefitted, trading up 19% this week to end at $34 a share. Cash's company (TSE:URE) was up 15% for the week finishing at $1.60.