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Purepoint Uranium Group Inc V.PTU

Alternate Symbol(s):  PTUUD

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
Bullboard Posts
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(4)
•••
Post by ashcakeon Feb 10, 2011 10:46am
471 Views
Post# 18108861

financing....

financing....There has to be a financing coming very soon...no?? Red Willow is of course now funded by Rio but all the other projects require investment that PTU simply doesn't have. I estimate they have <$1MM in treasury. Either they'll have to do a financing to continue exploring their wholly owned properties or  JV them similar to RIO deal??
Thoughts anyone...
Thanks
Ash
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities