Purepoint Uranium Group Inc V.PTU

Alternate Symbol(s): PTUUF

Energy

Purepoint Uranium Group Inc. is a resource company engaged in the acquisition, exploration and development of properties for the purpose of producing uranium. Its flagship project is the Hook Lake joint venture with Cameco and Orano, and the Smart Lake joint venture solely with Cameco. Together with its flagship projects, the Company operates nine advanced projects within the Athabasca Basin in Canada. Its projects include Hook Lake Project, Smart Lake Project, Red Willow Project, Turnor Lake Project, Henday Project, Carson Lake Project, Russell South Project, Tabbernor Block, and Tower Project. The Company also holds the VHMS project, which is optioned to and strategically positioned adjacent to and on trend with Foran Corporation's Mcllvena Bay Project. The Hook Lake Project is located approximately 75 km south-southwest of Orano Canada Inc. The Smart Lake property includes two claims with a total area of 9,860 hectares situated in the southwestern portion of the Athabasca Basin.

TSXV:PTU - Post by User

Purepoint Uranium Group Inc

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Comment by thankalmatyon Jun 16, 2006 11:57am

158 Views

Post# 10998922

RE: Scary

See the item on the uranium sector on the Stockhouse homepage. Apparently uranium is about the only energy sector that didn't get hammered in the past month. Uranium is one of those markets where it's not about Ben Bernancke or guessing what Chinese demand is. It's pure supply and demand, and it looks like PTU is going to have some of that supply.

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