Other two Canadian jurisdictions —New Brunswick and Newfoundland and Labrador— also made it to the top 10 worldwide. Kyrgyzstan and Venezuela, named the two countries mining enthusiasts should stay away from.
SNL Metals & Mining reveals that while the minerals exploration sector recorded lower drilling activity, funds raised by the mining sector saw a near three-fold increase to $6.2 billion.
Visible uranium was seen in the first hole drilled into the Arrow target at the Western side of NexGen's Rook 1 project, which caused shares in the junior explorer to rise over 90% Wednesday.
A supply crisis is looming in the uranium industry, and today's uranium price, stagnant at an eight-year low, will shoot up quickly when restarts of Japanese nuclear power plants bring back demand with a vengeance.