Uranium One Inc SXRZF

wed nov 9 2005

[vern117]

Newly listed UrAsia offers uranium investors another way to play National Post Wednesday, November 9, 2005 Page: FP14 Section: Financial Post Investing Source: Financial Post The pickings are slim for uranium investors. There's a long line of exploration juniors in the market, but few actual producers, such as Cameco Corp. and Denison Mines Inc. Vancouver-based UrAsia Energy Ltd. (UUU/TSX-V) joined the fray yesterday. UrAsia raised $504-million in a public offering and purchased an operating uranium mine and two advanced projects in Kazakhstan. Production is expected to be about 1.4 million pounds of uranium at a cash cost of less than US$10 per pound in 2006. Uranium demand remains strong. Yesterday, analyst Brian MacArthur of UBS Investment Research raised his 2006 price estimate for uranium by 41% to US$38 a pound. Idnumber: 200511090069 Edition: National Story Type: Business Length: 105 words Keywords: URANIUM; MINING INDUSTRY; NUCLEAR REACTORS; NUCLEAR POWER; GULF WAR; INVESTMENT STRATEGY; GOLD