The Changing World Of Uranium Mining
Monday January 25, 2016 17:00

http://www.kitco.com/commentaries/2016-01-25/The-Changing-World-Of-Uranium-Mining.html

$IDGC: ID Global Corporation Signs Memorandum of Understanding with Corr Brands, Inc.
Date : 06/16/2014 @ 3:10PM
Source : PR Newswire (US)
Stock : Idglobal Corp. (PC) (IDGC)

CHICAGO, June 16, 2014 /PRNewswire/ -- ID Global Corp. (OTC: IDGC) is pleased to announce that it has signed a binding Memorandum of Understanding (MOU) with Corr Brands, Inc. (CBI) which will commence with an ownership stake, and begin due-diligence towards a joint venture whereby IDGC will provide assistance raising capital, advisory, and/or merger and acquisition services.

Sebastien DuFort, president and CEO, stated, "We have been in discussions for some time with the board of directors at Corr Brands, Inc. We are pleased to finally see this come to fruition and are looking forward to working with them to achieve their long term vision for the company."

About Corr Brands, Inc.

Corr Brands, Inc. is an Illinois corporation founded originally in 1978 as CORR'S Ginseng Beverage, Inc, the new holding company for intellectual property (IP) of Robert J. Corr and his family. The flagship brands are Ginseng Rush ® and Apple Rush ®.

Additional Brands include Green Rush ™ and Hard Rush ™. The Corr family recently licensed Apple Rush ® and Ginseng Rush ® Brands, with a worldwide license granted to bottle and sell beverages and consumer edibles with the Brands, Apple Rush ® and Ginseng Rush ®. Additionally CBDs from cannabis are used to benefit a line of cannabis infused beverages and edibles in the future. Hard Rush™ is a sparkling beverage combination of super fruits with 8% alcohol.

CBI is a long-lived company that over the years has licensed its IP to various third party concerns, including Quaker Oats, Co. and PepsiCo. Inc. and others. The new mode of operation is to minimize external influences and concentrate efforts in a targeted, low overhead manufacturing and marketing endeavor.

About ID Global Corporation

ID Global Corporation (IDGC) is a diversified holdings company with a focus on emerging and middle market investment opportunities in North America. IDGC seeks debt and equity investments, minority positions as well as controlling interests in established companies and special situation start-ups.
- Go IDGC

$UNQT: Union Equity Inc. Announces Shareholder Update
Date : 03/25/2014 @ 8:15AM
Source : Marketwired
Stock : Union Equity, Inc. (PN) (UNQT)

Union Equity Inc. Announces Shareholder Update

INDIANAPOLIS, IN--(Marketwired - Mar 25, 2014) - Union Equity, Inc. (OTC Pink: UNQT) (PINKSHEETS: UNQT) and CEO JT Thornburg are pleased to announce that through its subsidiary, Union Equity Investments Inc., is negotiating with several e-commerce companies which specialize in precious metals. Mr. Thornburg states that "this is one of the many investments Union Equity Investments Inc. will be researching. The low cost of e-commerce can give us the same revenue stream at a fraction of the cost."

Still with the top priority of becoming current, Union Equity Inc.'s management team is always looking to progress forward and this is just one of the many avenues that Mr. Thornburg and his Board of Directors are researching.

Contact:
Investor Relations
Phone: 317-575-4113
Email: jtthornburg@live.com

- Go UNQT
====================================================================

$UNQT: Union Equity Inc. Announces New Investors Relations Contact
Date : 03/18/2014 @ 8:15AM
Source : Marketwired
Stock : Union Equity, Inc. (PN) (UNQT)

Union Equity Inc. Announces New Investors Relations Contact

Union Equity Inc. Announces New Investors Relations Email Address

INDIANAPOLIS, IN--(Marketwired - Mar 18, 2014) - Union Equity Inc. (OTC Pink: UNQT) (PINKSHEETS: UNQT) is pleased to announce the new corporate investors relations email address. For investors relations concerns, please contact jtthornburg@live.com.

Union Equity Inc. would also like to address the current status of events. Mr. Thornburg, CEO, and the board of directors are diligently working towards bringing the corporation to current status. This is a time consuming process but is a top priority.

Lastly, to clarify managements' position on a reverse split, management has not entertained this idea since the release of the chill. Management thinks it is not in the best interest of the shareholders to do so, and has no ambition of doing a reverse split at this time.


- Go UNQT

$DSCR: What are The Nutritional Benefits Hemp Seeds?

$UNQT: Union Equity Inc. Announces New Corporate Securities Attorney
Date : 04/01/2014 @ 8:15AM
Source : Marketwired
Stock : Union Equity, Inc. (PN) (UNQT)

Union Equity Inc. Announces New Corporate Securities Attorney

INDIANAPOLIS, IN--(Marketwired - Apr 1, 2014) - Union Equity, Inc. (OTC Pink: UNQT) (PINKSHEETS: UNQT), and CEO JT Thornburg, are pleased to announce that Union Equity Inc. has retained as corporate securities attorney, Matthew McMurdo, Esq. Prior to starting his own firm in 2008, Mr. McMurdo was Of-Counsel at Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C., in New York from August 2007, where he specialized in securities transactions and private equity and venture transactions. From April 2006 until August 2007, Mr. McMurdo was an associate at Greenberg Traurig, LLP in New York where he specialized in securities transactions and merger and acquisitions transactions. From November 2005 through April 2006, Mr. McMurdo was a corporate associate at Sullivan & Worcester LLP in New York where he practiced general corporate law and securities law. From September 2000 through November 2005, Mr. McMurdo was a corporate associate at Bingham McCutcheon LLP in New York where he began his practice in securities law and further specialized in corporate governance and secured lending. Mr. McMurdo began practicing law in September 1998 at Brown & Wood LLP in New York as a pooled investment entities associate focused on the 1940 Act. Mr. McMurdo earned his J.D. from Bingham N. Cardozo School of Law, where he graduated cum laude in 1998. He received a B.S. in Finance from Lehigh University in 1995. Retaining him will help speed up the process to current status for Union Equity Inc.

It has been brought to our attention that as of January 1, 2014, the OTC has new requirements for all companies regarding filings. Union Equity Inc. has recently received these documents and has forwarded them on to Mr. McMurdo. He will be diligently working on submitting these to the OTC. With the majority of the paperwork completed, current status is around the corner for Union Equity Inc.

CONTACT:
Investor Relations
Phone: 317-575-4113
Email: jtthornburg@live.com

- Go UNQT

$DSCR: Dr. Coldwell Says Hemp Cures Cancer

M&A Activity Heating Up In The Undervalued Uranium Sector

January 16, 2013

http://seekingalpha.com/article/1115331-m-a-activity-heating-up-in-the-undervalued-uranium-sector?source=yahoo

Thanks for informations & your work on boards.
I would probably try to help you but am in manic job situation and also my english is not so good.
z.

Here goes the U308 sector!!! Charted comparables:

http://stockcharts.com/freecharts/candleglance.html?USU,URRE,URG,URZ,PUC.V,ATURF,DNN,UEC,URPTF,MGAFF|B|H14,3


I have 16 U308 boards and can use help moderating many of them... drop a line here if any one is interested:

http://investorshub.advfn.com/boards/post_prvt.aspx?user=107688

sumisu,

yes, events like this sure put things into perspective. i was in china last week and flew through beijing on saturday, but i didn't hear anything about the earthquake and tsunami until i returned to the u.s. that day. i heard second-hand conversations about people changing their flights out of tokyo while on the plane leaving beijing, but the reason why wasn't obvious to me at the time. your friends are in my thoughts.

i did not exit any of my ux positions prior to or during this correction. it looks like they've settled a bit for now, but that could change if the news coming out of fukushima gets worse. i've been nibbling here and there and am currently waiting for some funds to settle in my account before buying more, but i think this could be the last opportunity to buy this sector at a steep discount. there's no saying how long this opportunity will last however.

it looks like all governments are openly willing to print more money to paper over this tragedy and the resulting market fallout. this will ultimately be good for all commodities, uranium included. my opinion is all the sovereign lip service out there regarding the stalling or suspension of nuclear plant production is exactly that. most nations are committed to nuclear in the future (e.g., china and india) if they aren't already in the present (e.g., france among other european nations) and this will simply cause them to take a much longer and closer look at improving their designs and safety standards.

take care and stay safe,

craig.

Uranium producers battered by Japan crisis, China

Wed Mar 16, 2011 3:45pm EDT

http://www.reuters.com/article/2011/03/16/uranium-shares-idUSN1616010920110316?feedType=RSS&feedName=marketsNews&rpc=43

chd, thanks for mentioning the people of Japan. I have ten friends over there and they are constantly on my mind.

Well, there are multiple meltdowns at the Fukushima Dai-ichi plant and things are going south fast.

Fortunately, I sold all but one of my uranium stocks and bought oil stocks, but now everything will continue down for a good while, imo.

Uranium will be met like a black cloud, although it is an important ingredient for all economies in an era of Peal Oil.

Take care,

sumisu

junior explorers getting demolished today...

it's been an ugly week the past week, but today's action following the earthquake and resultant tsunami is hardly a blip compared to what the unfortunate souls in northern japan are experiencing right now. my thoughts and prayers are with them...

puc up big on friday...

http://tmx.quotemedia.com/quote.php?qm_symbol=puc

puc hasn't put out news for a couple of weeks, so i'm not sure of the cause for the sudden pop. they are turning into a ux/ree play instead of a pure ux play...

http://tmx.quotemedia.com/article.php?newsid=37993456&qm_symbol=PUC

here's a nifty website if you'd like to check out a handful of charts at the same time:

http://stockcharts.com/freecharts/candleglance.html?ASX.V,BYU.V,DIT.V,MGA.TO,PUC.V,SSE.V,TUE.V,URC.V,URRE,VAE.V|C|A12,26,9

of course, there are plenty of other ux companies not included, but you can modify the url or symbols listed in the box towards the bottom of the page.

this is a great sector to be in if you're not happy with rising gas and food prices and are looking to hedge. uranium is a commodity in high demand by countries like china and india, who aren't hindered by government regulations and political pressure. these two countries will be among those who leave the u.s. in the dust as they bring their nuclear power plants online while we're dragging our feet, quibbling over which species of shrew may become endangered if we attempt to break ground on much needed plant construction projects.

i'll freely admit that i suck at keeping this an active and fresh forum. my hope is that the demand and resulting rise in ux spot price and junior explorer stock prices will do the talking for me and draw attention to our humble little space on ihub. don't look now, but the ux spot price is up over 80% since last summer. if you think oil and food prices will continue to go up, then ux will follow. check out the long-term charts on any of the explorers in the link above. this recent upswing in stock prices is just the beginning. this link provides some adequate persepective (click on the 5-year and 10-year charts once you select a company):

http://www.tmxmoney.com/en/index.html

exciting times indeed...

craig.

AEFI: American Energy Fields. US based, uranium junior with "pounds in the ground".

hello all.

it's been a while since i've posted and i'll apologize once again for that :). i'm still very optimistic about the future of uranium and more specifically the junior explorers... ESPECIALLY given what the u.s. monetary policy has reduced itself to. i'm very skeptical the fed's plan to save the banks via quantitative easing will work in the long term, but that doesn't mean there isn't money to be made in commodities, which we are already starting to witness. precious metals, oil, agriculture and, yes, even uranium have done very well the past couple of months.

i'm still holding many canadian junior explorers (well, their u.s. pink sheet equivalents) and am adding to my positions as funds allow. my holdings include bayswater, ditem, mega (warrants), pancontinental (which was also recently outed as a rare earths play), pinetree (warrants), pitchblack (formerly cash holdings), uracan resources and virginia energy (formerly santoy).

i hope this forum becomes more active and more useful to its members now that commodities are perking up and nuclear power comes into the spotlight as the most viable option to the predominantly oil-dependent power generation industry. we're certainly heading into exciting times and i look forward to sharing the experience with those of you who are active in this forum.

take care,

craig.

Uranium: The New Green Metal

http://www.kitco.com/ind/fulp/aug092010.html

By Mickey Fulp
Aug 9 2010 3:05PM

http://miningcompanyreport.com


Uranium is commonly known as “the other yellow metal,” because the uranium oxide concentrate produced by early mines and mills was a bright yellow, coarse powder called “yellowcake.”

However, there is now good reason to consider uranium “green.” Nuclear power plants produce electricity with only a minute amount of greenhouse gases. With the current worldwide emphasis on reducing carbon emissions, environmental, scientific, and political communities are supporting expansion of nuclear power production as a green technology.

Even the co-founder of Greenpeace Patrick Moore supports nuclear power as a means of mitigating climate change.

My how times have changed!

The U.S. domestic uranium business was devastated in 1979 with the accident at Three Mile Island. That event combined with the fictional movie about a nuclear reactor meltdown starring Jane Fonda (The China Syndrome) led to massive protests against nuclear power by environmentalists. Numerous plants in the planning stage or under construction were cancelled due to permitting difficulties, construction delays, and cost overruns. The uranium price collapsed and nearly all domestic mines were shut down by the mid to late 1980s.

Although nuclear energy continues to supply nearly 20 percent of our electricity, it’s been 14 years since a new nuclear power plant has been commissioned in the United States. The de facto moratorium on new construction will end with President Obama’s recent announcement of government loan guarantees for building two new nuclear reactors in Georgia. But the damage has been done: during the past 30 years the United States has gone from a net exporter of uranium to a massive importer. We currently consume 55 million pounds while producing only four million pounds of uranium a year.

Worldwide, nuclear energy supplies about 13 percent of electrical power and that percentage is projected to grow substantially over the next two decades. There are currently 56 new nuclear reactors under construction in the world and more than 200 are on the drawing board. There will be a substantial increase in uranium demand over the next 20 years.

Nearly half of the world’s 2009 uranium mine supply came from countries that are geopolitically unstable, corrupt, or unfriendly to the West. The top ten producers include Kazakhstan (which recently became the world’s largest), Russia, Niger, Uzbekistan, China, and Ukraine.

This is not an all-star cast of model governments. Kazakhstan is increasingly nationalizing its nuclear power industry. Leaders of the country’s state-owned uranium mining company were charged with corruption last year. Niger had a military coup that overthrew its despotic president one year ago. And Uzbekistan recently closed its border with Kyrgyzstan to refugees fleeing ethnic bloodshed, as a result of the government coup.

I doubt few Americans would consider two other countries on this list, Russia and China, to be our trusted friends. Ukraine is a former Soviet republic and lies within the Russian sphere of influence.

As if this was not enough, one-half of our domestic uranium consumption for the past 15 years has been supplied by the dismantling of Russian nuclear weapons and the conversion of weapons-grade uranium to reactor-grade uranium. Known as the “Megatons to Megawatts” program, that supply agreement expires in 2013.

So, where will the United States get its uranium supply in the next 20 years? The current yearly deficit is over 50 million pounds and the Russians are cutting half of that supply in three years.

I think a partial answer lies in revitalizing our domestic uranium mining industry. There are numerous uranium projects in advanced permitting, construction, and development stages in the Western United States and Texas. However, with a recent spot uranium price of $46 per pound and a long-term contract price of $60 per pound, little investment interest currently exists for uranium explorers, developers, and miners.

The uranium sector of our micro-cap junior resource market has been beaten up and trounced upon since the uranium spot price collapsed from $135 per pound in mid-2007. It is a forgotten commodity with a few strong companies surviving from the many juniors that piled into the sector during the uranium bubble days.

And that is precisely why I am interested.

As subscribers and regular readers know, I employ a contrarian philosophy and strive to identify sectors that are out of favor with the speculating investment community and choose undervalued companies with the right combination of share structure, people, and projects that will lead to rewards for shareholders.

I like to buy when volumes and prices are low to be well-positioned for a run-up when the sector comes back on the investor’s radar screen.

In the gold sector, I commonly invest in exploration companies that operate in countries with significant geopolitical risk. Since these emerging market countries have not had every meter of ground trod upon by curious geologists in the past, giant gold deposits still can be discovered by the tried and true methods of “boot leather and drilling.”

However, I am unwilling to take those sorts of risks in the highly sensitive and geopolitically risky uranium business.

The companies that draw my interest are exploring and developing projects in past and/or currently producing major districts in North America. These geologically and geopolitically favorable areas include the largest and highest grade uranium province in the world, Saskatchewan’s Athabasca Basin; the world’s second largest producer, New Mexico’s Grants Mineral Belt; the Wyoming Basins; and the South Texas Uranium district.

In my opinion, the junior uranium sector offers good speculative risk/reward with current market valuations. I see opportunities to make some “green” with my uranium plays.

Folks, I urge you to do your own research and due diligence, assess your personal risk profile, and decide if there are companies in this space that are worthy of your investment.

Ciao for now,

Michael Mickey Fulp
Mercenary Geologist

A Monday Morning Musing from Mickey the Mercenary Geologist
August 09, 2010

LBSR Uranium Yes! heating up. check our dd board out!

Here's a collection of some very good posts I have collected. I hope this helps any newbies doing DD this weekend. This is just a start as I will be adding more this week.

Current Share Structure http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52389358

Market Cap Comparable http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52378028

Free L2 for LBSR (link) http://www.otcmarkets.com/stock/lbsr/quote

John Guilbert, LBSR director http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52374687

North Pipes Super Project, Uranium http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52374302

Outlook for North Pipes Super Project http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52378985

Pebble Partnership Fact Sheet http://www.northerndynastyminerals.com/i/pdf/ndm/NDM-Facts.pdf

Pebble/Big Chunk Map overlay http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52374018

New Releases 90-93 (Concerning ZTEM data) http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52314600

What is ZTEM? http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52146220

ZTEM Powerpoint http://www.expsyn.com/assets/ESI_Afmag_Ztem.pdf

Big Chunk Super Project “The drill for gold” http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52370083

Interview with CEO (day before Notice of Default) http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52314299

Discussion on Earn-in agreement with Northern Dynasty (what does it mean?)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52162091
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52339621
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52387626
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52388153
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52388369

Hunter Dickinson/Northern Dynasty relationship
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52361530

Uranium: An Undervalued Asset Waiting for a Catalyst - 7-17-2010

Posted: Fri, 16 Jul 2010 22:40:26 -0700

James J Puplava CFP James Dines, Robert Mitchell, Keith M Barron PhD

http://feedproxy.google.com/~r/fsn/~5/oyEPSxpr5ec/fsn2010-0717-2.mp3

Uranium Bottoming as China Boosts Stockpiles

By Bloomberg News - Jul 12, 2010

http://www.bloomberg.com/news/2010-07-11/uranium-bottoming-as-china-boosts-stockpiles-with-10-000-tons-from-cameco.html

UEC article in Forbes: ......The timing is good. The U.S. has one fourth of the world’s nuclear reactors, and most of them have decades of life left in them. The Obama Administration recently proposed tripling a nuclear-plant loan guarantee program to $54 billion. That could lead to the construction of a dozen more reactors.

In January Adnani’s UEC was granted licenses to begin operating its
Palangana mine in Duval County, Tex., 75 miles west of Corpus Christi. Adnani think she can start production by the end of the year. His ambition is to get permits at more spots and to reach 2.5 million to 3 million pounds a year all told within five years......

http://www.uraniumenergy.com/_resources/Homegrown_3_30_10.pdf

Pancontinental's JV Partner Files Quarterly Update

Companies:PANCONTINENTAL URANIUM CORPORAT Related Quotes

Press Release Source: Pancontinental Uranium Corporation On Thursday April 29, 2010, 1:24 pm EDT

http://finance.yahoo.com/news/Pancontinentals-JV-Partner-iw-848716877.html?x=0&.v=1

VANCOUVER, BRITISH COLUMBIA--(Marketwire - 04/29/10) - Pancontinental Uranium Corporation (TSX-V:PUC - News) ("Pancon") is pleased to report the highlights of its Australian Joint Venture partner, Crossland Uranium Mines, (ASX:CUX - News) ("Crossland") First Quarter report to shareholders. During 2010, Pancon is scheduled to earn its 50% interest in Crossland's uranium properties in Australia.

CROSSLAND QUARTERLY REPORT FOR PERIOD ENDED 31 March, 2010, GEOFF EUPENE, CEO, CROSSLAND

OVERVIEW

2010 will be Crossland's most active year yet, being the culmination of the preparations made over the previous three years since listing on ASX. After the annual end of year break, budgets were submitted, and an expenditure on uranium exploration through the Joint Venture with Pancontinental Uranium Corporation (Pancon) (TSX-V:PUC - News) of A$3.3 million for calendar 2010 was approved. Field work at Charley Creek and Kalabity re-commenced during the Quarter, while preparations for the extensive statutory and planning requirements for a busy year proceeded.

EXPLORATION DETAIL

Chilling Project, Northern Territory

At the Chilling Project, Crossland's primary targets are unconformity-related uranium deposits, the deposit style that hosts most of the world's high-grade uranium. Other target commodities exist, such as gold, tin, copper, and cobalt. Other uranium deposit styles are also possible.

The Chilling project area is inaccessible during the wet season in the north of Australia, and preparations to make the most of the field season are in progress. This includes a review of all results obtained from last year, as well as preparation of statutory reports and submissions to regulators, as well as other stakeholders, and selection and negotiation with contractors. These processes are advancing. Wet season rains are continuing at the time of writing, but it is anticipated that access to the area will be achieved late in the second quarter.

An aircore and RC drill program of over 3,000 m and diamond core drilling of approximately 1,400 m is planned to test various opportunities at Chilling in 2010.

Charley Creek Project, Northern Territory

At the Charley Creek Project, Crossland is targeting granite-related uranium; with calcrete and redox-related palaeodrainage uranium targets; and layered mafic intrusive-related copper, nickel and platinoids as secondary targets.

Field crews commenced operations at Charley Creek during the quarter, with gamma spectrometer surveys re-commencing at the Cockroach Dam prospect with up to four instruments in use, geological mapping and petrographic studies of the Cockroach Dam prospect area, anomaly follow-up over a broader area of Charley Creek, and the commencement of planning for work in the five newly granted exploration licences.

Submissions for the season's activities were made to regulators and the Central Land Council, the group representing Native Title owners, and by the time of writing, the program had received regulatory approval, while the procedures for approval by Native Title owners were proceeding. It is hoped that a field program, approved by Native Title owners, can commence by late in the second quarter of 2010.

Kalabity, South Australia

At Kalabity, Crossland's interest is through an agreement with PlatSearch NL and Eaglehawk Geological Prospecting Pty Ltd to earn a majority share in Exploration License ("EL")4461 (formerly EL3297). Previous work has identified widespread elevated values of uranium and other metals. Previous work by Crossland has identified a new anomalous zone which was named the Tabita Prospect.

Delays were experienced in the renewal of EL3297, which has now been renewed as EL4461. A drill program commenced April 1 and was terminated due to heavy rains on April 9. The program was essentially completed, though, with 93 holes drilled for 3,303 m. A total of 381 samples have been submitted for laboratory analysis. The program will continue with trenching once drill results are in hand.

New Projects

Crossland continues to examine opportunities to expand its project portfolio.

Burkina Faso, West Africa

1. Oursi Joint Venture

Crosscontinental (a private company owned 50:50 by Pancon and Crossland) has entered an interest-earning Joint Venture with Southern Cross Exploration NL and Longreach Oil NL.

Progress on these areas awaits grant by the Burkina Faso ministry of Crosscontinental's other applications.

2. Applications by Crosscontinental Burkina SA and related parties

The progress with the additional applications lodged on behalf of Crosscontinental is slow and it is difficult to allocate a priority to work on these at present.

All technical information in this release has been reviewed by Geoff Eupene, Qualified Person for Crossland and Pancon.

About Pancontinental Uranium Corporation

Pancontinental Uranium Corporation ("Pancon") is a Canadian-based company focused on uranium discovery and development. Through a joint venture with Crossland Uranium Mines Limited ("Crossland") of Australia, Pancon has established one of the strongest management teams in the uranium industry. This management and operating team has unparalleled experience from exploration, through development to operations, and includes people who were instrumental in the discovery of two of the largest uranium deposits in the world. Pancon holds an impressive exploration portfolio with projects in prolific, mining friendly districts. Active exploration is ongoing at three Australian projects which include Chilling, Charley Creek, and Kalabity. The Chilling project has the potential to host a mirror image of a portion of the renowned Alligator Rivers Uranium Field containing the large Jabiluka, Ranger and Koongarra deposits. Pancon is earning a 50% interest in this significant uranium project portfolio through the joint venture with Crossland through the expenditure of A$8 million. Pancon and Crossland are also pursuing exploration beyond Australia through an international subsidiary company, Crosscontinental Uranium Limited, and immediate plans include formulating an exploration program in Burkina Faso.

ON BEHALF OF THE BOARD OF DIRECTORS

Rick Mark, President & CEO

For additional information, please visit our website at http://www.PanconU.com/.

Cautionary Language and Forward Looking Statements

This press release may contain "forward-looking statements", which are subject to various risks and uncertainties that could cause actual results and future events to differ materially from those expressed or implied by such statements. Investors are cautioned that such statements are not guarantees of future performance and results. Risks and uncertainties about the Company's business are more fully discussed in the Company's disclosure documents filed from time to time with the Canadian securities authorities.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact:
Contacts:Pancontinental Uranium CorporationRichard MarkPresident and CEO604-986-2020 or 1-866-816-0118Pancontinental Uranium CorporationKeith PateyDirector of Communications604-986-2020 or 1-866-816-0118604-986-2021 (FAX)http://www.panconu.com/

Uranium, Part of the Energy Crisis Solution

Commodities / Uranium

Apr 17, 2010 - 05:43 AM

By: The_Energy_Report

http://www.marketoracle.co.uk/Article18723.html

thanks, eddie. added it to my favorites.

craig.

Here is a new board for Pancontinental Uranium Corporation (“Pancon”):

http://investorshub.advfn.com/boards/board.aspx?board_id=17628

hello eddie.

i hear ya. building nuclear reactors in the u.s. is a ways off, although it seems like a slam dunk at some point. the jobs creation aspect alone is a compelling argument. hope your surgery goes/went well and your recovery is a quick one. also hope we start making money in these ux's very soon. lol

take it easy,

craig.

I have three juniors: FORUM URANIUM CORP [FDCFF], JNR RESOURCES [JNRRF], and PANCONTINENTAL URANIUM CORP [PUCCF].

Like you, I like Pancontinental's Australian location and future customer, China.

Any new attempt to build a nuclear reactor in the United States will take a minimum of ten years, if not longer, with protests from environmentalists. In this context, uranium will be most useful for exporting to overseas destinations. Again, Pancontinental meets this criteria.

I'll catch up with you in May; having cataract surgery tomorrow and I will be taking it easy for a while.

Eddie

hello again sumi and i apologize for the horrificly late reply. thanks for the link. i have not read it yet, but i intend to shortly and will respond with comments. hearing the prez mention nuclear publicly is a good thing and i hope dr. chu has his ear. nuclear seems to be the most logical piece to spur the progression away from oil. still holding a small handful of canadian junior explorers (bayswater, ditem, pancontinental, virginia energy) and looking to add others here and there.

take it easy,

craig.

ATR on the CNSE has a uranium property in Elliot Lake near Sault Ste. Marie-
I am a shareholder-

Pancon/Crossland Commence Drilling at Kalabity

Press Release Source: Pancontinental Uranium Corporation On Tuesday April 6, 2010, 3:00 pm EDT

http://finance.yahoo.com/news/PanconCrossland-Commence-iw-3927086620.html?x=0&.v=1

VANCOUVER, BRITISH COLUMBIA--(Marketwire - 04/06/10) - Pancontinental Uranium Corporation (TSX-V:PUC - News) ("Pancon" or "the Company") and its joint venture partner, Crossland Uranium Mines Ltd. (ASX:CUX - News) advise that drilling has commenced at their Kalabity Uranium Project in South Australia (SA).

The Kalabity drilling marks the start of an aggressive 2010 Australian exploration program by Pancon and Crossland which includes seven drill programs to be conducted across their Kalabity(SA) and Chilling/Charley Creek Projects in the Northern Territory(NT).

Geoff Eupene, CEO of Crossland, said the Kalabity drill program is aimed at quickly establishing the grade, thickness and extent of uranium mineralization in the project's Tabita Prospect and will consist of up to 1,500 metres of aircore drilling, approximately 75 shallow holes, and excavator trenching.

"The Tabita Prospect at Kalabity represents a quite different style of mineralization in this area, where davidite is usually the main uranium bearing mineral in other nearby prospects" Mr. Eupene said.

"On our current available information, while Tabita appears to contain carnotite, the uranium vanadium mineral that is common in calcrete deposits, the prospect is not a calcrete channel deposit. The region around Tabita is on a slightly elevated area between streams, but the soils there carry gypsum, calcium sulphate" he said.

"We delayed our drilling on the Kalabity Project for a year to focus on our NT properties, so we are anxious to finally test this near-surface opportunity".

Background - Tabita Uranium Prospect

Crossland's work on the Tabita Prospect commenced in 2007 when it identified a large 3 km by 1 km uranium geochemical anomaly within the Kalabity Project after completing an extensive geochemical survey following an airborne radiometric and magnetic survey. The Tabita Prospect anomaly is located three and a half kilometres northwest of the previously defined KR4 target. Bedrock values of up to 140ppm uranium, above an anomaly threshold of 32ppm uranium, were obtained from a zone that remains open in all directions. Samples were taken on seven lines up to 500 metres apart. In addition, elevated values of cobalt, copper and nickel were obtained from rock float.

An auger drilling program in 2008 produced results from the Tabita anomaly including four drill sites returning bottom hole samples of over 200ppmU, with a highest of 235ppmU. Fifteen sites returned bottom hole values in excess of 100ppmU. The current drill program will determine if these uranium values increase at depth or laterally.

With the completion of this drill program, Pancon and Crossland will have earned a 60% interest in the Kalabity property.

All technical information in this release has been reviewed by Geoff Eupene, Qualified Person for Crossland and Pancon.

About Pancontinental Uranium Corporation

Pancontinental Uranium Corporation ("Pancon") is a Canadian-based company focused on uranium discovery and development. Through a joint venture with Crossland Uranium Mines Limited ("Crossland") of Australia, Pancon has established one of the strongest management teams in the uranium industry. This management and operating team has unparalleled experience from exploration, through development to operations, and includes people who were instrumental in the discovery of two of the largest uranium deposits in the world. Pancon holds an impressive exploration portfolio with projects in prolific, mining friendly districts. Active exploration is ongoing at three Australian projects which include Chilling, Charley Creek, and Kalabity. The Chilling project has the potential to host a mirror image of a portion of the renowned Alligator Rivers Uranium Field containing the large Jabiluka, Ranger and Koongarra deposits. Pancon is earning a 50% interest in this significant uranium project portfolio through the joint venture with Crossland through the expenditure of A$8 million. Pancon and Crossland are also pursuing exploration beyond Australia through an international subsidiary company, Crosscontinental Uranium Limited, and immediate plans include formulating an exploration program in Burkina Faso.

ON BEHALF OF THE BOARD OF DIRECTORS

Rick Mark, President & CEO

Cautionary Language and Forward Looking Statements

This press release may contain "forward-looking statements", which are subject to various risks and uncertainties that could cause actual results and future events to differ materially from those expressed or implied by such statements. Investors are cautioned that such statements are not guarantees of future performance and results. Risks and uncertainties about the Company's business are more fully discussed in the Company's disclosure documents filed from time to time with the Canadian securities authorities.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact:

Contacts:Pancontinental Uranium CorporationRichard MarkPresident and CEO604-986-2020 or 1-866-816-0118Pancontinental Uranium CorporationKeith PateyDirector of Communications604-986-2020 or 1-866-816-0118http://www.PanconU.com/

Good to hear from you. I'm still holding three juniors and will add a few more in any downturns.

With the uranium price still way down, the stock prices will remain lower, except for very positive drill results, so I think this is a time to hold or to add to current position, and buy into companies not yet in your portfolio.

Uranium stocks are a sock drawer investment. Once Peak Oil hits probably in 2015 or before, these stocks should accelerate in price by panicked investors who finally realize the prospect of a world in oil decline.

I seldom agree with the current administration, but Dr. Steven Chu, Secretary of Energy, knows of Peak Oil and this probably swayed President Obama to endorse a new uranium policy.

As an aside, M. King Hubbert, who developed the Peak Oil theory, presented the following topic titled "NUCLEAR ENERGY AND THE FOSSIL FUELS" on March 8, 1956. see following link:

http://www.energybulletin.net/node/13630

This is a long and worthy read to understand our energy future.

sumi

hello sumisu.

i'm still hanging in there with my junior canadian explorers (see my last post) and am hoping obama's $8b nuclear plan is more than just talk. time will tell.

in a macro sense, i think the markets are a little toppy here and may correct a bit, but that's been the wrong call since last march. lol... regardless, i'll be ready to pounce if there's a sizeable correction and the explorers go down in sympathy.

edit: oh, boy. cramer talking nuclear with the ceo of nrg right now. i might have to rethink my strategy if he's on board. lol

again, i'll try to be more active here and i welcome any suggestions to make this a better forum.

regards,

craig.

UEX/AREVA 2010 Western Athabasca Basin Drilling Programs Underway with Three Drills at Shea Creek and One Drill at Beatty River

Press Release Source: UEX Corporation On Wednesday January 27, 2010, 8:56 am EST

http://finance.yahoo.com/news/UEXAREVA-2010-Western-cnw-1155638209.html?x=0&.v=1

VANCOUVER, Jan. 27 /CNW/ - AREVA Resources Canada Inc. ("AREVA") has informed UEX Corporation ("UEX") that it has commenced the 2010 drilling programs at the Shea Creek Project ("Shea Creek") and the Beatty River Project ("Beatty River") which were announced on November 24, 2009.

Shea Creek Project

Shea Creek hosts the Kianna, Anne and Colette Deposits, and is the most advanced of the ten 49%-owned Western Athabasca Uranium Projects joint-ventured with AREVA, the operator. The 2010 exploration expenditures are budgeted at approximately $8.0 million of which UEX's 49% share is approximately $3.9 million. The drilling program will focus on the Kianna, Anne and Colette Deposits as well as the 58B Area, which is located between the Kianna and Colette Deposits.

The drilling of a new pilot hole (SHE-134) has commenced in the northeast area of the Kianna Deposit ("Kianna"). Concurrently, the drilling of another new pilot hole (SHE-135) has started in the northwest area of Kianna. Several directional cuts will be made in a southerly direction from each of these pilot holes and will further test the down dip and lateral extensions of open basement mineralization in the northern part of Kianna.

The third drill on the Shea Creek property has begun directional drilling utilizing existing pilot hole SHE-133 in order to further explore the 58B Area where, in 2009, hole SHE-133-2 intersected basement-hosted mineralization grading 1.21% U(3)O(8) over 3.1 metres. In 1997, hole SHE-58B encountered multiple mineralized intervals in the basement, including 2.21% U(3)O(8) over 2.6 metres that also included 6.73% U(3)O(8) over 0.7 metres.

A fourth drill, currently drilling at Beatty River, will be moved to Shea Creek once the Beatty River exploration program is completed.

The Shea Creek deposits form part of a world-class uranium system in which mineralization is being defined over a strike length exceeding three kilometres along the Saskatoon Lake graphitic conductor in northern parts of Shea Creek. Most areas of mineralization continue to be open and have high potential for both expansion of known areas of mineralization and discovery of new zones (see UEX's news release of November 19, 2009).

Beatty River Project

A 2010 diamond drilling program consisting of four holes totaling 1,500 metres is currently underway at Beatty River. The drilling program will test prospective locations along conductive, graphitic basement units. The Beatty River Project is 50.70% owned by AREVA and 49.30% by JCU (Canada) Exploration Company, Limited ("JCU"). UEX is earning a 25% interest in the project from JCU by funding $864,500 of exploration expenditures by December 31, 2011.

To view maps and other information regarding UEX's exploration projects, please access UEX's website at www.uex-corporation.com under "Projects".

Technical information in this news release has been reviewed and approved by R. Sierd Eriks, P.Geo., UEX's Vice President of Exploration, who is a Qualified Person as defined by National Instrument 43-101.

About AREVA Resources Canada Inc.

AREVA, a uranium exploration, mining and milling company, is a subsidiary of AREVA Group, a worldwide expert in the energy field with manufacturing facilities in 43 countries and a sales network in more than 100 countries. AREVA Group, through its Canadian subsidiary, has significant interests in several uranium deposits in the Athabasca Basin, including the producing McClean Lake Deposits operated by AREVA, the producing McArthur River Deposit operated by Cameco Corporation, the Midwest Deposit, the Millennium Deposit, and the Cigar Lake Deposit.

About UEX

UEX is a Canadian uranium exploration and development company actively involved in 19 uranium projects, including seven that are 100% owned and operated by UEX, one joint venture with AREVA that is operated by UEX, ten joint-ventured with AREVA and one under option from JCU (Canada) Exploration Company, Limited, which are operated by AREVA. The 19 projects, totaling 353,134 hectares (872,613 acres), are located in the eastern, western and northern perimeters of the Athabasca Basin, the world's richest uranium belt, which accounts for approximately 21% of the global primary uranium production. UEX is currently developing several uranium deposits in the Athabasca Basin which include the Kianna, Anne and Colette Deposits at its 49%-owned Shea Creek Uranium Project, a joint venture with AREVA in the western Athabasca Basin, and the Horseshoe, Raven and West Bear Deposits located at its 100%-owned Hidden Bay Project in the eastern Athabasca Basin.


ON BEHALF OF THE BOARD OF DIRECTORS OF UEX CORPORATION

Graham C. Thody,
President & C.E.O.
Forward-Looking Statements

This news release contains "forward-looking statements" that are based on UEX's current expectations, estimates, forecasts and projections. These forward-looking statements include statements regarding UEX's outlook for our future operations, plans and timing for the commencement or advancement of exploration activities on our properties, and other expectations, intention and plans that are not historical fact. The words "estimates", "projects", "expects", "intends", "believes", "plans", or their negatives or other comparable words and phrases are intended to identify forward-looking statements. Such forward-looking statements are based on certain factors and assumptions and are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially from UEX's expectations include uncertainties relating to interpretation of drill results and geology, continuity and grade of deposits, fluctuations in uranium prices and currency exchange rates, and other risks and uncertainties disclosed in UEX's Annual Information Form and other filings with the securities commission on SEDAR. Many of these factors are beyond the control of UEX. Consequently, all forward-looking statements made in this news release are qualified by this cautionary statement and there can be no assurance that actual results or developments anticipated by UEX will be realized. For the reasons set forth above, investors should not place undue reliance on such forward-looking statements. Except as required by applicable law, UEX disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.

For further information

UEX CORPORATION, SUITE 1007 - 808 NELSON STREET, VANCOUVER, B.C., CANADA, V6Z 2H2, PH: (604) 669-2349, FAX (604) 669-1240, Website: www.uex-corporation.com, email: uex@uex-corporation.com

UEX Reports Results of Summer 2009 Exploration on the Hidden Bay Project: SP-203 Intersects 1.527% U(3)O(8) Over 1.5 Metres at Telephone Lake.

Press Release Source: UEX Corporation On Wednesday January 6, 2010, 8:29 am EST

http://finance.yahoo.com/news/UEX-Reports-Results-of-Summer-cnw-3767690194.html?x=0&.v=1

UEX Plans $1.6 Million Winter 2010 Exploration Program at Hidden Bay and the Commencement of Scoping Studies on its Horseshoe and Raven Deposits.

Trading Symbol: UEX-TSX

VANCOUVER, Jan. 6 /CNW/ - UEX Corporation ("UEX") is pleased to announce the results of the summer 2009 drilling program and its plans for 2010 exploration and scoping studies on its 100%-owned Hidden Bay Project ("Hidden Bay"). Hidden Bay is located in the productive eastern Athabasca uranium district and contains the Horseshoe, Raven and West Bear Deposits.

"Hidden Bay hosts one of the most significant uranium resources in the Athabasca Basin due primarily to our successful drilling programs in recent years at the Horseshoe and Raven Deposits," said Graham Thody, President and CEO of UEX. "We will now advance these deposits through scoping studies to be conducted during 2010. In addition, we are very encouraged by the drilling results from our 2009 exploration program at Telephone Lake and will continue to explore this promising area, which lies immediately to the south of the McClean Lake Mine."

Results from the Hidden Bay Summer 2009 Drilling Program

The summer 2009 drilling program at Hidden Bay was comprised of 49 drill holes totaling 15,071 metres. Significant mineralization was found in several holes. The program was completed in September 2009 and was carried out in three areas:


- Horseshoe and Raven - designed to test targets peripheral to the
Horseshoe and Raven Deposits for possible extensions of
mineralization and to assess nearby geophysical and geological
targets;

- Telephone Lake - designed to follow up previous drilling results and
to further explore the Telephone Lake trend. This trend is a major
fault zone which contains previous mineralized drill intercepts and
extends northward into the Sue Deposits on the adjacent McClean Lake
Mine property, operated by AREVA Resources Canada Inc. ("AREVA"); and

- Vixen Lake South - designed to test a geophysical anomaly coincident
with intense clay alteration in historical drill holes.
Maps of the 2009 drilling at Hidden Bay are available for viewing in the "News Releases" section of UEX's website at www.uex-corporation.com.

Drilling in the Area of the Horseshoe and Raven Deposits

During the winter of 2009, UEX successfully expanded the Horseshoe and Raven Deposits through a stepout drilling program. In July 2009, UEX reported National Instrument 43-101 compliant resource estimates for the Horseshoe and Raven Deposits as follows:

	    -   At a cut-off grade of 0.05% U(3)O(8) total resources are: 
  
 	    ------------------------------------------------------------------------- 
 	    Category                Tonnes           U(3)O(8)(%)        U(3)O(8)(lbs) 
 	    ------------------------------------------------------------------------- 
 	    Indicated             10,293,600           0.155              35,044,000 
 	    Inferred               1,109,200           0.111               2,715,000 
 	    ------------------------------------------------------------------------- 
  
 	    -   At a lower cut-off grade of 0.02% U(3)O(8) total resources are: 
  
 	    ------------------------------------------------------------------------- 
 	    Category                Tonnes           U(3)O(8)(%)        U(3)O(8)(lbs) 
 	    ------------------------------------------------------------------------- 
 	    Indicated             16,688,500           0.108              39,971,000 
 	    Inferred               1,982,500           0.079               3,470,000 
 	    -------------------------------------------------------------------------

	    ------------------------------------------------------------------------- 
 	                         Depth 
 	    Hole     Location   of Hole      From       To      Length    Avg. Grade 
 	                        (metres)   (metres)  (metres)  (metres)  (% U(3)O(8)) 
 	    ------------------------------------------------------------------------- 
 	    HU-359  Horseshoe    300.0     No intervals (greater than) 0.02% U(3)O(8) 
 	                                    with grade-thickness (greater than) 0.02 
 	    ------------------------------------------------------------------------- 
 	    HU-360  Horseshoe    300.0     No intervals (greater than) 0.02% U(3)O(8) 
 	                                    with grade-thickness (greater than) 0.02 
 	    ------------------------------------------------------------------------- 
 	    HU-361  Horseshoe    270.0        71.0      72.0       1.0         0.032 
 	                                     120.0     124.0       4.0         0.076 
 	                                     133.0     136.0       3.0         0.107 
 	                          including  133.4     135.5       2.1         0.140 
 	                                     220.5     223.0       2.5         0.034 
 	    ------------------------------------------------------------------------- 
 	    HU-362  Horseshoe    291.0     No intervals (greater than) 0.02% U(3)O(8) 
 	                                    with grade-thickness (greater than) 0.02 
 	    ------------------------------------------------------------------------- 
 	    HU-363  Horseshoe    639.0     No intervals (greater than) 0.02% U(3)O(8) 
 	                                    with grade-thickness (greater than) 0.02 
 	    ------------------------------------------------------------------------- 
 	    HU-364  Horseshoe    534.0     No intervals (greater than) 0.02% U(3)O(8) 
 	                                    with grade-thickness (greater than) 0.02 
 	    ------------------------------------------------------------------------- 
 	    HU-365  Horseshoe    399.0       271.0     272.0       1.0         0.023 
 	    ------------------------------------------------------------------------- 
 	    HU-366  Horseshoe    324.0     No intervals (greater than) 0.02% U(3)O(8) 
 	                                    with grade-thickness (greater than) 0.02 
 	    ------------------------------------------------------------------------- 
 	    HU-367  Horseshoe    489.0     No intervals (greater than) 0.02% U(3)O(8) 
 	                                    with grade-thickness (greater than) 0.02 
 	    ------------------------------------------------------------------------- 
 	    RU-217  Raven         81.0     No intervals (greater than) 0.02% U(3)O(8) 
 	                                    with grade-thickness (greater than) 0.02 
 	    ------------------------------------------------------------------------- 
 	    RU-218  Raven         72.0     No intervals (greater than) 0.02% U(3)O(8) 
 	                                    with grade-thickness (greater than) 0.02 
 	    ------------------------------------------------------------------------- 
 	    RU-219  Raven         81.0        45.0      48.0       3.0         0.035 
 	                          including   46.0      47.0       1.0         0.087 
 	    ------------------------------------------------------------------------- 
 	    RU-220  Raven         72.0     No intervals (greater than) 0.02% U(3)O(8) 
 	                                    with grade-thickness (greater than) 0.02 
 	    ------------------------------------------------------------------------- 
 	    RU-221  Raven         81.0     No intervals (greater than) 0.02% U(3)O(8) 
 	                                    with grade-thickness (greater than) 0.02 
 	    ------------------------------------------------------------------------- 
 	    RU-222  Raven         72.0     No intervals (greater than) 0.02% U(3)O(8) 
 	                                    with grade-thickness (greater than) 0.02 
 	    ------------------------------------------------------------------------- 
 	    RU-223  Raven        411.0     No intervals (greater than) 0.02% U(3)O(8) 
 	                                    with grade-thickness (greater than) 0.02 
 	    ------------------------------------------------------------------------- 
 	    RU-224  Raven        549.0     No intervals (greater than) 0.02% U(3)O(8) 
 	                                    with grade-thickness (greater than) 0.02 
 	    ------------------------------------------------------------------------- 
 	    RU-225  Raven        222.0       179.5     180.5       1.0         0.061 
 	                                     183.4     192.6       9.2         0.062 
 	                          including  187.2     191.6       4.4         0.107 
 	    ------------------------------------------------------------------------- 
 	    RU-226  Raven        219.0       112.0     113.0       1.0         0.040 
 	                                     138.4     143.0       4.6         0.120 
 	    ------------------------------------------------------------------------- 
 	    SP-191  Telephone    349.0       230.0     230.8       0.8         0.030 
 	                                     295.0     297.0       2.0         0.042 
 	                          including  295.5     296.0       0.5         0.110 
 	                                     325.0     328.0       3.0         0.035 
 	    ------------------------------------------------------------------------- 
 	    SP-192  Telephone    411.0     No intervals (greater than) 0.02% U(3)O(8) 
 	                                    with grade-thickness (greater than) 0.02 
 	    ------------------------------------------------------------------------- 
 	    SP-193  Telephone    369.0       226.0     229.0       3.0         0.020 
 	                                     236.0     238.0       2.0         0.100 
 	                                     252.0     253.9       1.9         0.401 
 	    ------------------------------------------------------------------------- 
 	    SP-194  Telephone    359.0       223.7     224.5       0.8         0.128 
 	                          including  223.7     224.0       0.3         0.277 
 	                                     270.0     272.5       2.5         0.023 
 	    ------------------------------------------------------------------------- 
 	    SP-195  Telephone    321.0       101.3     102.0       0.7         0.025 
 	                                     291.0     292.0       1.0         0.035 
 	    ------------------------------------------------------------------------- 
 	    SP-196  Telephone    345.0       258.0     259.0       1.0         0.021 
 	                                     314.3     315.4       1.1         0.066 
 	                                     325.0     326.0       1.0         0.055 
 	                                     334.0     336.0       2.0         0.024 
 	    ------------------------------------------------------------------------- 
 	    SP-197  Telephone    398.0     No intervals (greater than) 0.02% U(3)O(8) 
 	                                    with grade-thickness (greater than) 0.02 
 	    ------------------------------------------------------------------------- 
 	    SP-198  Telephone    352.0       310.0     314.0       4.0         0.020 
 	                                     324.0     325.0       1.0         0.022 
 	    ------------------------------------------------------------------------- 
 	    SP-199  Telephone    386.0       298.0     298.5       0.5         0.054 
 	                                     361.0     362.0       1.0         0.027 
 	                                     363.0     364.0       1.0         0.021 
 	                                     376.0     378.0       2.0         0.026 
 	    ------------------------------------------------------------------------- 
 	    SP-200  Telephone    300.0       272.0     273.0       1.0         0.020 
 	    ------------------------------------------------------------------------- 
 	    SP-201  Telephone    300.0       165.0     166.1       1.1         0.105 
 	                                     230.5     234.0       3.5         0.026 
 	                                     239.5     242.3       2.8         0.074 
 	                                     266.0     267.0       1.0         0.031 
 	    ------------------------------------------------------------------------- 
 	    SP-202  Telephone    372.0     No intervals (greater than) 0.02% U(3)O(8) 
 	                                    with grade-thickness (greater than) 0.02 
 	    ------------------------------------------------------------------------- 
 	    SP-203  Telephone    270.0       122.0     123.5       1.5         1.527 
 	                                     252.5     253.0       0.5         0.045 
 	    ------------------------------------------------------------------------- 
 	    SP-204  Telephone    351.0       266.5     267.5       1.0         0.044 
 	    ------------------------------------------------------------------------- 
 	    SP-205  Telephone    343.0       237.0     239.5       2.5         0.030 
 	                                     248.0     250.0       2.0         0.035 
 	    ------------------------------------------------------------------------- 
 	    SP-206  Telephone    351.0       178.0     178.5       0.5         0.045 
 	    ------------------------------------------------------------------------- 
 	    SP-207  Telephone    351.0       279.4     281.0       1.6         0.076 
 	    ------------------------------------------------------------------------- 
 	    SP-208  Telephone    300.0       121.0     122.6       1.6         0.039 
 	                                     137.5     138.0       0.5         0.077 
 	                                     142.5     143.5       1.0         0.021 
 	                                     180.5     181.5       1.0         0.035 
 	    ------------------------------------------------------------------------- 
 	    SP-209  Telephone    348.0       139.0     140.0       1.0         0.020 
 	                                     188.6     189.6       1.0         0.062 
 	                                     200.6     202.6       2.0         0.021 
 	    ------------------------------------------------------------------------- 
 	    SP-210  Telephone    171.0        99.0     103.0       4.0         0.035 
 	                          including  101.3     102.0       0.7         0.120 
 	    ------------------------------------------------------------------------- 
 	    SP-211  Telephone    180.0       135.0     145.0      10.0         0.245 
 	                          including  137.5     144.0       6.5         0.370 
 	                          including  137.5     139.5       2.0         1.131 
 	    ------------------------------------------------------------------------- 
 	    SP-212  Telephone    180.0       140.0     141.0       1.0         0.360 
 	    ------------------------------------------------------------------------- 
 	    SP-213  Telephone    330.0       250.95    252.0       1.05        0.064 
 	                          including  250.95    251.35      0.4         0.140 
 	                                     259.3     265.0       5.7         0.068 
 	                          including  259.3     262.0       2.7         0.125 
 	                                     295.0     296.0       1.0         0.027 
 	    ------------------------------------------------------------------------- 
 	    SP-214  Telephone    180.0       136.0     137.0       1.0         0.024 
 	    ------------------------------------------------------------------------- 
 	    SP-215  Telephone    171.0     No intervals (greater than) 0.02% U(3)O(8) 
 	                                    with grade-thickness (greater than) 0.02 
 	    ------------------------------------------------------------------------- 
 	    SP-216  Telephone    180.0       142.0     145.0       3.0         0.028 
 	                          including  144.0     144.5       0.5         0.090 
 	                                     155.6     156.6       1.0         0.022 
 	    ------------------------------------------------------------------------- 
 	    VU-001  Vixen        391.0     No intervals (greater than) 0.02% U(3)O(8) 
 	                                    with grade-thickness (greater than) 0.02 
 	    ------------------------------------------------------------------------- 
 	    VU-002  Vixen        366.0     No intervals (greater than) 0.02% U(3)O(8) 
 	                                     with grade-thickness (greater than) 0.02 
 	    ------------------------------------------------------------------------- 
 	    VU-003  Vixen        549.0       405.0     405.5       0.5         0.043 
 	    VU-004  Vixen        391.0     No intervals (greater than) 0.02% U(3)O(8) 
 	                                    with grade-thickness (greater than) 0.02 
 	    -------------------------------------------------------------------------

hello all.

i apologize for not having much to post or say lately. been busy with other, non-message board type stuff. i hope to be more active here in the future. of course, if anyone has any suggestions to improve the quality of this forum, then i'm all ears.

long positions:
bay.v
chx.v
dit.v
pnp.to warrants
sse.v
urc.v
urre
vae.v (was san.v)

regards,

craig.

Sprott to unwind moly fund

Expects long slump

Peter Koven, Financial Post

Published: Saturday, January 10, 2009

http://www.financialpost.com/story.html?id=1161544

Investment guru Eric Sprott is as negative as almost anyone when it comes to the global economy. And that led him to yesterday's announcement that he is unwinding his molybdenum fund.

Mr. Sprott launched the Sprott Molybdenum Participation Corp. in early 2007 to give investors a unique, publicly-traded vehicle invested exclusively in the silvery-white metal and the companies mining it.

At the time, it seemed like a good idea as the molybdenum (or moly) market was red-hot. Moly is used in high-quality steels with applications in the energy industry. That made it an ideal place for long-term energy bulls like Mr. Sprott, a big believer in the "Peak Oil" thesis.

But in early November, the wheels suddenly came off. After holding around US$33 a pound for more than a year, the moly price collapsed almost overnight to US$10 as the reality of the global recession started to kick in.

Like the moly miners themselves, the share price of the Sprott molybdenum fund took an immediate dive. By early December, it was trading way below its book value.

A more bullish investor might have decided to ride out the tough times in the hopes that the moly price and the value of the fund would eventually increase. But Mr. Sprott is not that guy.

He believes that the world economy is at the beginning of a very long and deep depression brought about by the over-leveraging of the financial system. With the deleveraging likely to go on for years, he does not think moly prices will recover anytime soon.

That all led to yesterday's announcement that the $62-million fund will be unwound, with the proceeds distributed to shareholders.

"One problem with a commodity is a very small difference between supply and demand can crush the price, or cause it to go up," Mr. Sprott said in an interview. "And obviously we've lost demand for molybdenum here, and it could be a long while before that reverses itself."

In the short-term, industry experts generally agree with Mr. Sprott that the moly price will continue to struggle.

"For the next couple of years, we're probably looking at a moly price of US$10 to US$12 a pound," said an analyst, who asked not to be named. "Eric's probably thinking, 'What's the point?'"

But there is some hope from analysts that moly could recover faster than other metals because moly-bearing steels are specifically tied to the energy sector, where there is still a lot of activity. The outlook is much weaker for steels that are widely used in the auto sector.

pkoven@nationalpost.com

UEX.TO 3 MONTH CHART

A WHOLE BUNCH OF "QUICK GLANCE" URANIUM STOCK CHARTS

ABN

Yeah....uranium/nuclear/oil will be long term investments as soon as it's clear which companies will survive and how bad/long the global recession/depression will be... Too many unknowns right now IMO to commit long term....flippers paradise for a long while even on the big board stocks...

i hear ya, jagman. it's kind of a shame because nuclear is obviously the best option going forward (imho) yet it still has a ways to go to be recognized as such by the media and the general population. well, it was exciting for a few days there. lol

a lot of these canadian exploration companies have been beaten down so much, they can't go much lower. this recent rally was encouraging in a sense that the tide can turn rather quickly and they can move fast when the interest is there and the demand kicks in.

regards,

craig.

Bear rally, IMO...."flipping only" for a year or two...or more.

ALS.TO CHART

it's about time these stocks perked up! all of the stocks in the attached chart are up anywhere from 50% to 400% over the past five trading days :O. i love it!

regards,

craig.



http://finance.yahoo.com/q/bc?t=5d&s=ASX.V&l=on&z=m&q=l&c=bay.v%2C+chx.v%2C+dit.v%2C+mga.to%2C+pnp.to%2C+san.v%2C+upc.v%2C+urc.v

UEX Reports N.I. 43-101 Compliant Mineral Resource Estimate for the Raven Deposit of 9.15 million pounds of U(3)O(8) in the Indicated category, and 1.13 million pounds of U(3)O(8) Inferred at a cutoff grade of 0.05% U(3)O(8), and the latest resource for the West Bear Deposit
Trading Symbol: UEX-TSX
VANCOUVER, Jan. 5 /CNW/ - UEX Corporation ("UEX") is pleased to announce that it has received a National Instrument 43-101 ("N.I. 43-101") Mineral Resource Estimate report from Golder Associates Ltd. ("Golder") of Burnaby, BC, for the Raven Deposit ("Raven"), and updated resources for the West Bear Deposit ("West Bear"). The two deposits are located within UEX's 100%-owned Hidden Bay Project in the eastern Athabasca Basin of northern Saskatchewan, Canada.
The new Raven resource estimate contains 3.97 million tonnes grading 0.105% U(3)O(8) in the Indicated category containing 9.15 million pounds of U(3)O(8), and 0.49 million tonnes grading 0.104% U(3)O(8) in the Inferred category containing 1.13 million pounds of U(3)O(8) at a cutoff grade of 0.05% U(3)O(8). The new resources at Raven are in addition to a previously reported N.I. 43-101 compliant Mineral Resource Estimate at the adjacent Horseshoe Deposit which comprise 3.58 million tonnes grading 0.24% U(3)O(8) in the Indicated category containing 18.69 million pounds of U(3)O(8), and 0.31 million tonnes grading 0.21% U(3)O(8) in the Inferred category containing 1.43 million pounds of U(3)O(8) reported on September 29, 2008, and documented in a technical report dated November 13, 2008 which is filed on SEDAR. These Horseshoe resources substantially exceeded the non-N.I. 43-101 compliant historical Gulf Minerals Canada ("Gulf") resource on Horseshoe of 13.6 million pounds U(3)O(8) at grades of 0.17% U(3)O(8).
Total contained Indicated uranium resources at the West Bear Deposit have not significantly changed from the December 2007 N.I. 43-101 compliant resource calculation, and stand at 78,914 tonnes containing 1.58 million pounds U(3)O(8) grading 0.908% U(3)O(8) at a cutoff of 0.05% U(3)O(8). A supporting technical report reviewing all resources on the Hidden Bay Project will be filed on SEDAR shortly. Geological aspects and drilling results from Raven are also documented in the November 12, 2008 technical report on the Horseshoe and Raven deposits which is filed under UEX's disclosures on SEDAR.
Indicated resources in the new N.I. 43-101 compliant resource estimate at Raven are comparable in contained uranium to the historical, non-43-101 compliant resource of 9.4 million pounds of U(3)O(8) reported in the Gulf historical resource, which comprised 3.06 million tonnes grading 0.14% U(3)O(8). The additional Inferred resources expand the deposit beyond the historical figures. In addition, western and eastern portions of the Raven deposit are both open, and further stepout drilling which will commence in January 2009 is anticipated to increase the mineral resource inventory of the deposit. As with the previous Horseshoe resource, expansions to the resource base at Raven have come through the tracing of mineralization into areas previously untested by historical drilling, and establishment of better continuity of mineralization between the widely spaced historical drill holes. At a lower cutoff grade of 0.02% U(3)O(8), resources at Raven increase to 7.60 million tonnes containing 11.57 million pounds U(3)O(8) in the Indicated category at a grade of 0.074% U(3)O(8), and 0.83 million tonnes containing 1.42 million pounds U(3)O(8) at a grade of 0.078% U(3)O(8) in the Inferred category.
"With the new resource calculation at Raven, UEX has now exceeded its objective of identifying 30 million pounds of U(3)O(8) in resources on the Hidden Bay Project" said Stephen Sorensen, President and CEO of UEX. Sorensen went on to say that "since mineralization at Raven and Horseshoe is still open, and additional mineralization at Horseshoe Northeast is currently being defined, UEX's goal for 2009 is to establish resources of 40 million pounds of U(3)O(8) on its Hidden Bay Project."
UEX is considering a few production options which include a toll milling arrangement with one of the operators of the two active uranium mills in the region, namely Cameco Corporation's ("Cameco") Rabbit Lake mill less than 5 kilometres to the northeast of the Raven and Horseshoe Deposits, and AREVA Resources Canada Inc.'s ("AREVA") McClean Lake facilities located 12 kilometres to the northwest of these deposits, or potentially constructing a stand-alone facility which could process ore from all of UEX's Hidden Bay deposits. In all scenarios, given the Horseshoe and Raven Deposits' location in impermeable basement rocks, any open pits created by mining either deposit will be evaluated as tailings disposal facilities for UEX's deposits, and for other operators in the area.
With over 90% of resources at the Horseshoe and Raven Deposits already in the Indicated category, feasibility level mining and economic assessment work can commence in parallel with resource expansion and drilling. UEX anticipates updating N.I. 43-101 compliant resources on the Horseshoe and Raven Deposits after the completion of recently announced winter 2009 drilling program of approximately 25,000 metres. This program will test open and partially defined areas of mineralization which lie beyond the current resource limits.
Raven Resource Calculation Details
The January 2009 Raven resource estimate was prepared by K. Palmer, P. Geo., of Golder, an independent Qualified Person as defined by N.I. 43-101. The resource calculation utilized 187 diamond drill holes (45,300 metres from holes RU-001 to RU-160, and RV-001 to RV-028) drilled between 2005 and 2008, to define the deposit at 7.5 to 50 metre drill centers. The resource estimate was calculated using a minimum cutoff grade of 0.02% U(3)O(8) utilizing a geostatistical-block model technique with ordinary kriging methods and the DATAMINE Studio 3 software package.
Details of the resources at different cutoff levels are provided in Tables 1 and 2 below. The bulk of the resource is in Indicated category at a 0.05% U(3)O(8) cutoff. At a cutoff grade of 0.10%, most of the contained U(3)O(8) in the Indicated Resource is within areas averaging 0.165% U(3)O(8).
Table 1
January 2009 Indicated Mineral Resources at the Raven Deposit
with tonnes and grade at various U(3)O(8) cutoff grades.

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Cutoff Tonnes Dry Density U(3)O(8) (%) U(3)O(8) (lbs)
---------------------------------------------------------------------
0.02 7,602,400 2.46 0.074 11,572,000
0.05 3,967,600 2.46 0.105 9,154,000
0.10 1,446,900 2.46 0.165 5,273,000
0.15 598,500 2.47 0.229 3,019,000
0.20 286,400 2.48 0.291 1,838,000
0.25 154,000 2.48 0.350 1,189,000
0.30 85,500 2.48 0.412 777,000
0.35 52,000 2.49 0.470 539,000
0.40 31,800 2.49 0.532 373,000
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Table 2
January 2009 Inferred Mineral Resources at the Raven Deposit
with tonnes and grade at various U(3)O(8) cutoff grades.

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Cutoff Tonnes Dry Density U(3)O(8) (%) U(3)O(8) (lbs)
---------------------------------------------------------------------
0.02 833,200 2.41 0.078 1,418,000
0.05 494,000 2.42 0.104 1,134,000
0.10 146,200 2.45 0.189 611,000
0.15 81,200 2.47 0.244 437,000
0.20 40,100 2.47 0.316 279,000
0.25 20,700 2.47 0.401 183,000
0.30 14,600 2.46 0.454 146,000
0.35 11,400 2.46 0.489 123,000
0.40 9,100 2.47 0.518 104,000
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The current resources at Raven are still open to the west and east into areas that were included within the historical resources defined by Gulf. Historical drilling results include several significant drilling intersections by Gulf that lie beyond the limits of the current resource, including intercepts of 0.21% U(3)O(8) over 15.54 metres in hole LB-031, 0.52% U(3)O(8) over 3.35 metres in hole LB-038, and 0.16% U(3)O(8) over 13.72 metres in hole LB-048, which suggest that mineralization at Raven may extend for at least 200 metres westward from the current resource outline.
West Bear Resource Calculation Details
The updated January 2009 West Bear resource estimate was also prepared by K. Palmer, P. Geo., of Golder. The resource calculation utilized the results from 216 drill holes totaling 6,400 metres which were completed during 2005 and 2007 sonic drilling programs. The resource estimate was calculated using a minimum cutoff grade of 0.01% U(3)O(8) utilizing a geostatistical-block model technique with ordinary kriging methods and the DATAMINE Studio 3 software package.
The new resource reported below reflects the remodeling of the deposit after significant resampling of drill core was undertaken to better define mineralization outlines. The changes in volume, with corresponding decrease in grade with respect to the December 2007 N.I. 43-101 compliant Indicated Resource (73,800 tonnes grading 1.00% U(3)O(8), containing 1.61 million pounds of U(3)O(8) using a cutoff grade of 0.15% U(3)O(8) - see December 13, 2007 news release), reflect incorporation of lower grade material in the new resource outlines. All resources at West Bear are classified as Indicated; details at different cutoff levels are provided in Table 3 below:
Table 3
January 2009 Indicated Mineral Resources at the West Bear Deposit
with tonnes and grade at various U(3)O(8) cutoff grades.

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Cutoff Tonnes Dry Density U(3)O(8) (%) U(3)O(8) (lbs)
---------------------------------------------------------------------
0.01 209,655 1.99 0.36 1,654,594
0.02 188,137 1.99 0.40 1,646,208
0.03 112,950 1.99 0.65 1,605,245
0.04 85,265 2.02 0.84 1,584,573
0.05 78,914 2.03 0.91 1,578,500
0.10 76,067 2.03 0.94 1,574,010
0.15 70,316 2.04 1.01 1,557,586
0.20 63,767 2.04 1.09 1,532,152
0.25 57,332 2.04 1.19 1,500,142
0.30 52,067 2.04 1.28 1,468,219
0.35 47,764 2.04 1.37 1,437,236
0.40 43,560 2.05 1.46 1,402,640
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Hidden Bay Project - Total Resources
With the new N.I. 43-101 compliant resources reported here for the Raven and West Bear Deposits, and the September 2008 N.I. 43-101 compliant resource at the Horseshoe Deposit, total resources on the Hidden Bay Project at a cutoff of 0.05% U(3)O(8) now stand at 29.43 million pounds U(3)O(8) Indicated and 2.56 million pounds U(3)O(8) Inferred. Note that the total resources exceed 30 million pounds U(3)O(8) in the Indicated category if a 0.02% U(3)O(8) cutoff grade is considered for Raven. A summary of resources is illustrated in Tables 4 and 5 below:
Table 4
Total N.I. 43-101 compliant Indicated Mineral Resources on the
Hidden Bay Project, January 2009,
at a cutoff grade of 0.05% U(3)O(8).

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Deposit Tonnes U(3)O(8) (%) U(3)O(8) (lbs)
------------------------------------------------------------------
Horseshoe 3,577,700 0.237 18,693,000
Raven 3,967,600 0.105 9,154,000
West Bear 78,914 0.908 1,578,500
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Total - all deposits 7,624,214 0.175 29,425,500
Horseshoe & Raven only 7,545,300 0.168 27,847,000
------------------------------------------------------------------


Table 5
Total N.I. 43-101 compliant Inferred Mineral Resources on the
Hidden Bay Project, January 2009, at a cutoff grade of
0.05% U(3)O(8). No resources classified as Inferred are present at
the West Bear Deposit.

------------------------------------------------------------------
Deposit Tonnes U(3)O(8) (%) U(3)O(8) (lbs)
------------------------------------------------------------------
Horseshoe 311,200 0.208 1,426,000
Raven 494,000 0.104 1,134,000
West Bear 0 0.000 0
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Horseshoe & Raven total 805,200 0.144 2,560,000
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About the Horseshoe and Raven Deposits
Mineralization at the Horseshoe and Raven Deposits comprises shallow dipping zones of hematization with disseminated and veinlet pitchblende-boltwoodite-uranophane that are hosted by folded arkosic quartzite gneiss. Mineralization comprises a combination of disseminated pitchblende-chlorite-hematite, and narrower, higher grade nodular and veinlet pitchblende in hematite-clay alteration. Within the resource areas above, mineralization at Horseshoe has been defined to date continuously over a strike length of approximately 600 metres and a dip length of up to 300 metres, occurring at depths of 100-420 metres below surface. At Raven, which lies 0.5 kilometres west of Horseshoe, mineralization has been defined over a strike length to date of approximately 700 metres at depths below surface of 100 to 300 metres in two dominant, subhorizontal zones. The deposits are located less than 5 kilometres south of Cameco's Rabbit Lake operations, and 12 kilometres southeast of AREVA's McClean Lake operations. Both are hosted by competent basement rocks that could be amenable to both open-pit and conventional underground ramp access mining methods, pending a positive feasibility study.
Raven and Horseshoe mineralization comprises pitchblende and other uranium oxides and silicates without potentially deleterious nickel-arsenide minerals that may affect extraction and pose tailings disposal problems. As reported in the September 29, 2008 news release, representative samples derived from composited drill core assay rejects from the Horseshoe Deposit, and from three HQ diameter metallurgical holes from both the Horseshoe and Raven Deposits, have undergone preliminary testing for leach and effluent treatment conditions and grindability analysis under the direction of Melis Engineering Ltd. at SGS Lakefield Research Limited in Lakefield, Ontario. Leaching tests on composites indicate that the uranium in the Horseshoe and Raven Deposits is easily leached under relatively mild atmospheric leach conditions. The excellent extraction levels are comparable to other metallurgically simple basement-hosted deposits in the region, including the nearby Eagle Point Deposit.
In progressing toward a combined feasibility study on the Horseshoe and Raven Deposits, environmental baseline studies were commenced by Golder in 2006, and Golder continues to collect biological, hydrogeological and other environmental data. During the 2007 and 2008 drilling programs, geotechnical studies of the area of the deposits also commenced, assessing rock properties and hydrogeology. Further baseline and geotechnical studies are scheduled for 2009 following the input of more detailed information on the project design generated from initial scoping work prior to commencement of the full feasibility study. Several additional infill holes were drilled to upgrade inferred portions of the Horseshoe Deposit to Indicated status in October 2008, which confirmed mineralization continuity in the two largest inferred zones at Horseshoe; results will be reported when received.
About the West Bear Deposit
The West Bear Uranium Deposit is in the southern portion of the Hidden Bay property, where it lies within a very thin cover of Athabasca sandstone and underlying basement pelites straddling the unconformity. Mineralization occurs at a vertical depth of between 10 and 31 metres (or approximately 33 to 100 feet) from surface and is one of the shallowest, undeveloped uranium deposits in the prolific Athabasca Basin. Combined with the relatively soft nature of the host rocks and overburden, UEX believes that the deposit could be mined using low cost, open pit techniques within a very short timeframe. The deposit is located close to two existing uranium mills, Cameco's Rabbit Lake Mill and the McClean Lake Mill, operated by AREVA.
Golder is carrying out an environmental baseline study ("EBS") and a feasibility study for West Bear Deposit. The EBS has been underway at West Bear since August 2005 and Golder has now collected all necessary biological, hydrogeological and other environmental data for use in the West Bear feasibility study.
The technical information in this document has been compiled and reviewed by D. Rhys, P. Geo., a qualified person as defined by N.I. 43-101.
About UEX
UEX is a Canadian uranium exploration and development company actively involved in 19 uranium projects, including seven that are 100% owned and operated by UEX, one joint venture with AREVA that is operated by UEX, ten joint-ventured with AREVA and one under option from Japan-Canada Uranium Company, Limited, which are operated by AREVA. The 19 projects, totaling 374,513 hectares (925,442 acres), are located in the eastern, western and northern perimeters of the Athabasca Basin, the world's richest uranium belt, which accounts for approximately 23% of the global primary uranium production. UEX is currently developing several uranium deposits in the Athabasca Basin which include the Kianna, Anne and Colette Deposits at its Shea Creek Uranium Project, a joint venture with AREVA in the western Athabasca Basin, and the West Bear, Raven and Horseshoe Deposits located at its 100%-owned Hidden Bay Project in the eastern Athabasca Basin. UEX's exploration and development budgets planned for 2009 total approximately $16.5 million, of which UEX will be responsible for approximately $10.9 million, with additional funds available for potential expansion pending the drilling results.
ON BEHALF OF THE BOARD OF DIRECTORS OF UEX CORPORATION

Stephen H. Sorensen,
President & CEO
Forward-Looking Statements
This news release contains "forward-looking statements" that are based on UEX's current expectations, estimates, forecasts and projections. These forward-looking statements include statements regarding UEX's outlook for our future operations, plans and timing for the commencement or advancement of exploration activities on our properties, and other expectations, intention and plans that are not historical fact. The words "estimates", "projects", "expects", "intends", "believes", "plans", or their negatives or other comparable words and phrases are intended to identify forward-looking statements. Such forward-looking statements are based on certain factors and assumptions and are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially from UEX's expectations include uncertainties relating to interpretation of drill results and geology, continuity and grade of deposits, fluctuations in uranium prices and currency exchange rates, and other risks and uncertainties disclosed in UEX's Annual Information Form and other filings with the securities commission on SEDAR. Many of these factors are beyond the control of UEX. Consequently, all forward-looking statements made in this news release are qualified by this cautionary statement and there can be no assurance that actual results or developments anticipated by UEX will be realized. For the reasons set forth above, investors should not place undue reliance on such forward-looking statements. Except as required by applicable law, UEX disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.
%SEDAR: 00017609E

Source: Canada News Wire (Jan 05, 2009 09:08:00 EST) News by QuoteMedia www.quotemedia.com

Some more uranium plays on the move











Uranium is certainly starting to heat up!

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