"Don't let living in the great U.S.A. lull you into missing out on the future," Jim Cramer told viewers of his "Mad Money" TV show Thursday.
There is a "sad bias" against nuclear power in this country, and while Americans protest nuclear power, the rest of the world is embracing it, "leaving us in the dust," Cramer said.
This means it's time to get into some uranium, he said. In the last few years, uranium has "skyrocketed" to $75 a pound, and the price is increasing fast. Energy Metals (EMU - Cramer's Take - Stockpickr) is an "unexploited" stock that Cramer believes should benefit from the price increase of this radioactive element.
He called Energy Metals an "early stage" company that's speculative and not for the "faint of heart." The Canada-based company is young, Cramer said, with no revenue. But while there's some risk involved, he believes buying Energy Metals could pay off.
Plus, with the recent flood that knocked out one of Cameco's (CCJ - Cramer's Take - Stockpickr - Rating) biggest facilities, it makes sense for that company to buy Energy Metals, Cramer said.
Energy Metals is the uranium play people should get into, he said, while warning people to use limit orders and not pay more than $12 a share for this stock. Energy Metals closed at $11.91 Thursday.
"I heart nukes, and I heart uranium," Cramer said.
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