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Ur-Energy Inc T.URE

Alternate Symbol(s):  URG

Ur-Energy Inc. is engaged in uranium mining, recovery and processing activities, including the acquisition, exploration, development and operation of uranium mineral properties in the United States. It is focused on uranium recovery and processing operations, in addition to the exploration for and development of uranium mineral properties. Its land portfolio in Wyoming includes 12 projects. 10 of these projects are in the Great Divide Basin (GDB), Wyoming, including its flagship project, Lost Creek Project. It controls nearly 1,800 unpatented mining claims and three State of Wyoming mineral leases for a total of approximately 35,400 acres at its Lost Creek Property, including the Lost Creek permit area and certain adjoining projects which it refers to as LC East, LC West, LC North, LC South and EN project areas (collectively, with the Lost Creek Project, the Lost Creek Property). Its Wyoming properties together total approximately 48,000 acres and include its Shirley Basin Project.


TSX:URE - Post by User

Bullboard Posts
Post by lilswedeon Mar 04, 2010 7:20pm
430 Views
Post# 16845355

More info... stay the course with URE

More info... stay the course with URE
Top Uranium Stocks (Paladin (PDN), Hathor (HAT) and Ur-Energy (URE)) - The love is on its way 
 
The love is on its way. Right now no one cares about uranium stocks and as a result the sector is receiving absolutely no love. However, sooner or later people are going to have to start caring about the likes of - the amazing discovery being made by Hathor Exploration in the Athabasca (more impressive results released Wednesday) and the attractive growth profile of producer Paladin Energy (upgraded by Credit Suisse Wednesday). Both Hathor and Paladin, along with Ur-Energy, are Canaccord Adams top picks in the uranium sector. Maybe the industry's senior producer and state-owned energy companies will start caring before investors do?

On Wednesday, the CEO at Bannerman Resources (BAN), Len Jubber, told tells Dow Jones Newswires that prices of spot uranium could rise to levels as high as US$70 a pound within the next three years. Jubber stated that, "the industry is anticipating increasing uranium prices as the fundamentals become constrained." Adding, "Growth is driven on demand side by strong reactor growth in China, and an increasing number of Western countries adopting nuclear power." Separately on Wednesday, Russian news agencies reported that in conjunction with other large energy producers around the world, most notably the United States, Russian Prime Minister Vladimir Putin announced a proposal to pump US$1.77 billion into its nuclear industry to fund new plants. The U.S. announced last week that it would supply some $8.3 billion in loan guarantees - to eventually grow to $54 billion - for a build out of nuclear power plants in the United States predicated on the idea that nuclear power produces no CO2 emissions. 

Also this week, the head uranium giant Cameco (CCO), Jerry Grandey, stated that the nuclear energy industry is entering a renaissance and he is looking forward to reaping the benefits of the increased demand for reactor fuel.

Accompanying all the bullish news out of the sector this week, was comments from a climate change academic at the University of Adelaide in Australia. Following his research, Professor Barry Brook has predicted that the global demand for mined uranium will rise at least four times in the next 30 years. Speaking at the Paydirt 2010 Australian Uranium Conference a couple days agoBrook said rising electricity demands and reduced fossil fuel use would guarantee uranium demand for "at least the next 50 years." He added, "Nuclear power is rapidly approaching a renaissance, even if it has not quite arrived yet." He also highlighted that China has recognised the environmental damage caused by coal-fired power stations and has already guaranteed that nuclear power will be a central platform of its energy future.

 

Bullboard Posts