CNGJ shares have increased 67% from our alert on Wednesday of this week. The run continued today as share prices reached $0.40. This increase in share price is a reflection of the company’s focus on defining, exploring, and developing mineral properties while maximizing shareholder value.
Canam Energy most recently announced that it has acquired its second Uranium property. The company believes that the new asset has as much potential as its Lake Otter property, which has shown 2.68% U3O8 – an equivalent of 52 lbs of Uranium per ton. After reviewing historical data and the February 2007 Government of Quebec report, this area has been found to be prolific in finding high grade uranium.
An extensive exploration program for the company’s holdings is planned for the 2007-2008 season, which includes geological and radio-metric surveying and ultimately drilling. The company is confident that Quebec represents a promising opportunity for uranium exploration and is a valuable asset to add to its property portfolio.
Let us hear your thoughts: Canam Energy, Inc. Message Board