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URZ3 Energy Corp URZ


Primary Symbol: V.URZ Alternate Symbol(s):  NVDEF

URZ3 Energy Corp., formerly Nevada Exploration Inc., is a Canada-based exploration company. The Company has also diversified its interest into Uranium. It is engaged in the acquisition, exploration, and development of resource properties. It owns approximately 35,467 hectares of mineral claims in Saskatchewan. Its projects include South Grass Valley, Kelly Creek, and Awakening. The South Grass Valley Project is located approximately 50 kilometers (km) south-southwest of Barrick Gold Corp.'s Cortez complex, within the specific region of north-central Nevada. The Kelly Creek Project is located approximately 40 km north-northwest of Battle Mountain in Humboldt County, Nevada. The Awakening Project is located in Humboldt County, Nevada, 50 km north-northwest of Winnemucca, and 4,000 meters north of the 4.8-million-ounce Sleeper Gold Mine. The Company controls a large strategic land position in the central Powder River Basin of Wyoming and operates the Nichols Ranch ISR uranium project.


TSXV:URZ - Post by User

Comment by stockman6767on May 28, 2014 8:28am
226 Views
Post# 22604284

RE:Yet Another Key Uranium Mine Gone

RE:Yet Another Key Uranium Mine Gone
If I were in charge of Cameco, I would make it my business that no matter how many shutdowns we get from all the other U suppliers, I would make it my business to continue to supply the spot market with enough U to keep the spot ptice low for the next couple of years. I believe they can do this single handedly by themselves at very little cost to themselves since much of their U sales is at the contract prices and not at the spot price.


The net result would be that those U cos that are borderline such as Paladin and many others will not be able to hang amd will be easy prey to a take over from Cameco. Bottom line - a continued low spot price is very good for Cameco in the long term!
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