Iron ore mogul Andrew ‘Twiggy’ Forrest has invested millions in a small Australian uranium company.

Mr Forrest has poured $12 million into Energy and Minerals Australia (EMA), carving out a stake of just over 27 per cent in the firm.

Forrest invested through his holding company ‘’Forrest Family Investments’’, as part of a broader $36 million funds injection for EMA.

EMA is exploring the goldfields of WA for uranium and other base metals, and Forrest says the group has plenty of potential.

EMA is run by Julian Tapp and Mike Young, two men with links to Mr Forrest through his main interest, Fortescue Metals Group.

“My investment is a strong vote of confidence in the executive management team of Mike Young and Julian Tapp with whom I have had a long and successful working relationship,’’ said Mr Forrest in a statement.

The environment for nuclear energy could hardly be worse, with recent issues still lingering in the minds of many.

Plants are closing and prices are dropping around the world, yet some insiders seem to expect the uranium game will be back in full swing soon.

The fears come despite the fact that nuclear power remains the least deadly and one of the lowest-emitting forms of electricity in the world.