Uranium 308 Corp. (OTCBB: URCO) is a mineral exploration and development company engaged in the acquisition, exploration and development of large scale low-cost, high-value properties internationally. Uranium 3O8 Corp's current primary focus is exploration for uranium in Mongolia. The Company’s chief assets include two exploration licenses on the 196.38 km² Janchivlan property in the Tuv Province of Mongolia, and two additional exploration licenses – one on the 15.4 km² Tsagaan Chuluut property and the second on the 31.15 km² Khar Balgast property, both on the border of Khentai Province. Currently the Chinese government has plans in place to dramatically increase the amount of energy produced in the country through nuclear power. For instance, the China Atomic Energy Authority recently announced plans to accelerate construction of up to 30 new nuclear power plants and to increase the country’s nuclear power capacity fourfold by 2020. Even now, current world primary production is well below global consumption levels, and with nearly 100 new reactors either under construction or planned for completion in the next ten years, demand for new sources of uranium is expected to rise significantly.