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I believe there is no question but that uranium to fuel nuclear power is the way of the future. Because of pollution China cannot build their planned 169 coal burning fuel plants on the board to provide energy for its growing industry and middle class. That is precisely what Al Gore was discussing. And China is rethinking nuclear.Africa will go nuclear in my opinion and the Middle East, the home or the greatest oil resources in the world, is already looking at nuclear. In South Africa black outs to industry and mining is anticipated to continue for years and mining corporations have been advised they can only expect eighty percent of their historical energy needs met, forget about expansion.
Dow Jone reported last week that the demand for the uranium fuel is expected to rise strongly in coming years. Currently there are 31 countries operating 440 reactors, but he said another 55 countries could turn to nuclear power.
This is where Utah Uranium Corporation (OTCBB: UTUC) in Moab, Utah, a junior exploration and development company enters the picture.
First, obviously, they are in the United States. Second, uranium is the last great unexplored mining property. There is incredible room for growth here.
They are focused on the acquisition of past producing underground uranium mines that can be brought back into production in the near term with a low capital expenditure. All of the mines currently in the acquisition pipeline are within economic haul distances of the White Mesa Uranium Vanadium Mill in Blanding, Utah owned by Dennison Mines. The white Mesa Uranium Mill is currently the only operating Uranium mill in the United States.
To date, UTUC has acquired mineral rights to 10,255 acres of leased or staked mineral uranium properties directly and through joint venture interests. All of its properties are within economic haul distances (60-180 miles) of the Henry Mountains Complex, one of the largest known uranium resources in the Colorado Plateau District. Moreover, Ted Murer, an exploration geologist who conceptualized and discovered the complex’s first mine in the 1980s (the Tony M Mine), has assembled UTUC`s Pinto claim using the same data and methodology in the identical geologic setting as the Tony M Mine and the Bullfrog Mine, which are also part of the complex.
I am going to be bringing you more on this company and this industry … including the insider political machinations where uranium and nuclear power are concerned and what ALL the presidential candidates are saying about going nuclear. NO ONE wants this to be a huge public discussion before the election but if you dig and follow these things … you realize this is something we are going to hear a great deal about AFTER the election.
Sources: UTUC, NY Times, Dow Jones
Peter Dickie, President
Utah Uranium Corp.
Unit B-9, 11850 South Highway 191
Moab, UT 84532
Phone: (435) 259-0460
Toll Free: (866) 669-9330
Email: info@utah-uranium.com
Website: www.utah-uranium.com
About the company: Utah Uranium Corporation is a Moab, Utah-based junior exploration and development company focused on the acquisition of past producing underground uranium mines, highly prospective new uranium projects and other conventional and non-conventional energy projects. All of the uranium projects acquired to date, in addition to those under review by the Company are within economic haul distances of the White Mesa Uranium Vanadium Mill in Blanding, Utah owned by Dennison Mines.
Cautionary note: This report may contain forward-looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specifically noted, are considered speculative. Unless otherwise stated, any and all resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward-looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as “reserves” unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.
Disclosure UTUC: Pentony Enterprises LLC has been compensated $19,500 from a non-controlling third party for profile coverage. Pentony Enterprises is not a registered investment adviser or a broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.
