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Purepoint Uranium Group Inc V.PTU

Alternate Symbol(s):  PTUUD

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

Bullboard Posts
Comment by investclubon Feb 27, 2012 5:20pm
311 Views
Post# 19593901

RE: RE: Northern Miner

RE: RE: Northern Miner

It does appear that both Canada & China want to get this done. I was watching BNN today and they were talking about Rio's move into the Athabasca basin in particular Hathor, saying they don't believe Rio would have made this step without a strong "feeling" those rules would change in their favour since Australia is also in the same position as China. So we should see that 49% ownership changed however I do think in the case of some Countries political review will remain as I personally wouldn't want to see a radical Country buying into any of our resources.

Bullboard Posts