Friday, April 13, 2007

Government support helps keep uranium prices high

Government support is helping to maintain the current positive outlook for uranium as leaders from around the world, from Europe to Latin America, are keen on investing in nuclear energy. With worries about energy security and climate change, the European Union, for example, is reportedly striving to secure future uranium sales in Australia.

Meanwhile, China and India are also searching for opportunities to buy uranium since both countries are looking to nuclear energy to help power their booming economies. And speaking of India, the country is being visited by Brazilian foreign minister Celso Amorim who said in a press conference that there are good prospects for a civilian nuclear cooperation between Brazil and India and that a high-level Brazilian delegation should visit India to discuss these issues.

With so much growing demand for nuclear energy, it doesn’t seem that uranium prices will drop drastically anytime soon.

Source: www.u308.biz

Forward-Looking Statements

Statements in this blog may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above. In addition, such statements could be affected by risks and uncertainties related to the exploration for and development of mineralized material, product demand, market and customer acceptance, competition, pricing and development difficulties, as well as general industry and market conditions and growth rates and general economic conditions. Any forward-looking statements speak only as of the date on which they are made, and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.

Thursday, April 12, 2007

Uranium at its highest price since the 1970s




At $113, spot uranium prices are at their highest since the 1970s after jumping a full $18 since last week according to UxC (www.uxc.com). That’s an increase of about 20% in just seven days.

The spike in uranium prices has sent up the shares of many smaller Canadian uranium companies, as observed by an article published this week on Reuters.

Energy Fuels (EFR.TO), for example, rose more than 17% to C$5.00 on the Toronto Stock Exchange. Meanwhile UEX Corp. (UEX.TO) gained 33 Canadian cents to $7.75, an increase of 4.5%.

Forward-Looking Statements

Statements in this blog may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above. In addition, such statements could be affected by risks and uncertainties related to the exploration for and development of mineralized material, product demand, market and customer acceptance, competition, pricing and development difficulties, as well as general industry and market conditions and growth rates and general economic conditions. Any forward-looking statements speak only as of the date on which they are made, and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.

Thursday, April 5, 2007

Updated news on uranium in Canada

Updated news on uranium mining in Canada is available at www.canamuranium.com and through CanAm Uranium Corp.'s free newsletter.

Wednesday, April 4, 2007

Bancroft might be on the way to reliving its uranium boom days

The city of Bancroft, in Ontario, often regarded as "the mineral capital of Canada" for its geological richness, is once again on the radar for uranium exploration companies.

Home to four major uranium mines in the past, producing a total of 14,862,653 lbs of U3O8 between 1956 -1982, Bancroft was set aside for many years by companies who explore the commodity because of the increasing costs of mining. With uranium's current high prices, however, renewed interest in the area has been sparked.

CanAm Uranium Corp. is one of the companies that strongly believes in Bancroft's potential. The firm has eight optioned properties in the region, totaling 9,765 acres, on which it may earn 80% interest. Drilling on the property has begun and the results so far have been extremely positive.

Dr. Michael Hitch, a geologist and CanAm's Head of Field Operations, said in an interview to the StockHouse Executive Broadcast that significant lengths of uranite mineralizations were found in the three holes drilled. Dr. Hitch's complete interview can be heard at:

http://www.stockhouse.ca/exec_casts/co_detail.asp?tickerSymbol=CAUI&edition=Aug2004

CanAm Uranium Corp.'s CEO was also interviewed about the Bancroft properties, by the local newspaper The Intelligencer.

Sources: Bancroftontario.com, Stockhouse.ca and CanAm Uranium

Forward-Looking Statements

Statements in this blog may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above. In addition, such statements could be affected by risks and uncertainties related to the exploration for and development of mineralized material, product demand, market and customer acceptance, competition, pricing and development difficulties, as well as general industry and market conditions and growth rates and general economic conditions. Any forward-looking statements speak only as of the date on which they are made, and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.
 
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