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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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Post by BCBeaveron Dec 03, 2009 11:40am
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Post# 16550090

Cameco Set to Enter India NR 120209

Cameco Set to Enter India NR 120209"Toronto, Dec 2 (PTI) Cameco Corporation of Canada, one of the world's biggest uranium mining companies, has set up an office in Hyderabad ahead of its entry into the country.

Cameco, which accounts for 15 per cent of the world's uranium production and has proven reserves of around 225 million kg, today said the India-Canada civil nuclear deal would open "an exciting opportunity" for it.

Cameco said it planned to sell both uranium and mining technology to the country.

"The nuclear deal with India will allow us to look into potential business opportunities in a growing market," Cameco spokesperson Lyle Krahn said.

He said apart from supply of uranium, his company would look at "the entire spectrum from exploration to fabrication" of uranium in India."

Source: Uranium Investing News
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