White Canyon Uranium
Full White Canyon Uranium profile here
White Canyon Uranium is the newest uranium production company listed on the ASX and TSX-V, with production of development material at Daneros having commenced at the end of 2009 following the mine permit being granted in May 2009. Daneros is the first new uranium mine permitted in Utah in 30 years. The company has U3O8 upside of 10 million pounds within 3 years, and is well placed to establish a 10 year mine production schedule.
Further share purchases by White Canyon Uranium interests
Wednesday, March 03, 2010
Interests associated with a director of Utah-focussed uranium producer, White Canyon Uranium (ASX: WCU), Richard Sciano have acquired an additional 50,000 shares in WCU at $0.19 each in on-market purchases on the 26 February and 3 March 2010.
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What is significant with an eye to the future, is the initial resource covers only 5% of the Storsjön Project ranking it, and Aura already being in the top ten uranium resources league.
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The potential for Rössing South is becoming so large, Hohnen hinted that not only is Kalahari confident they can secure project development finance, they are even considering the possibility of two mines
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It isn’t just the sheer size of the project that impresses, but the grades being reported of late have been well in excess of the typical grades found in Namibia
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The company reported on its activities in the December 2009 quarter, which were focused on exploration at its permits at Bir En Nar and near Bir Moghrein in the Zednes region of northern Mauritania.
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Financially Forte are in a stable position going forward having completed a A$12m capital raising; the company has stated that this will be sufficient capital to support all the drilling and follow up work in Mauritania/Guinea well into 2010.
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Kalahari has agreed to sell the entire share capital of WestAfrica Gold Exploration and Crafton Diamonds to North River Resources for a total of approximately 266m shares in North River, equating to around £16.67m.
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Kalahari Minerals PLC (AIM: KAH) said Extract Resources Ltd (TSX, ASX: EXT) is likely to have discovered a third highly priospective zone of mineralisation at Rossing South in Namibia.
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Transcript of recent audio interview with Mark Reilly, MD of ASX and AIM listed uranium junior, Forte Energy
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Kalahari Minerals PLC (AIM: KAH) said 40 percent controlled Extract Resources Ltd (TSX, ASX: EXT) reported a maiden resource for Zone 2 of the the Rossing South uranium deposit at the Husab project in Namibia, with the timing ahead of schedule and the resource above market expectations.
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Ambrian Capital summed up today’s news perfectly, noting that the resource estimate released today was not only ahead of expectations, but was further buoyed by the increase in grade.
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