For both political and practical purposes, industrialized nations are increasingly focused on finding alternative energy sources to reduce their reliance on fossil fuels. Natural and geopolitical supply disruptions, global warming concerns, deregulation and price volatility are all contributing to accelerated technological exploration. Moreover, rising demand for power, especially from exploding economies like China and India, will put ever increasing pressure on the global energy supply chain. Even in the United States, demand is expected to grow by 50% by 2025, up from a whopping 3,831 billion kWh in 2002.

The resulting gaps in the global energy grid have prompted a re-visitation of Nuclear Power. One of the only emissions-free sources of electricity in wide use today, Nuclear Power is increasingly viewed, even by environmentalists, as the only practical, large-scale alternative to oil and gas. Nuclear power provided nearly 20% of the world's electricity generation in 2003, second only to coal.There were 440 nuclear powerplants in operation in 2003 in 30 countries which consumed 77,000 tonnes of Uranium (200 million pounds). Of the total Uranium consumed in 2003, however only about half came from operating mines, with the balance derived from secondary supply sources such as highly enriched uranium from dismantling nuclear weapons and inventory draw down.

However, 30 new plants are under construction and an additional 34 are in the planning stages. By 2020, however, dwindling secondary supply sources will cover only about 15 percent of Uranium demand, with the balance coming from newly mined and processed Uranium. Current and planned mines will not be adequate to supply the projected demand for primary Uranium supply - the need for these new supply sources is a foregone conclusion. Concern about where the Uranium will come from has been a factor in the doubling of the Uranium price in the past two years. This new production will fuel demand for Uranium, and Energy Metals Corp., by way of acquiring extensive and prospective assets explored during the last Uranium boom in the 1990's, will be well positioned to join the world ranks of Uranium suppliers.