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Japanese take option over Uranium Equities project

Tue, Nov 10, 2009

Uranium Market News

The West.com.au reports Mitsui, Japan signing an option deal over Uranium Equities project, Australia.

The $2 million option gives Mitsui the right to buy a 15 per cent stake in Nabarlek and a 9 per cent interest in the West Arnhem Land joint venture between Uranium Equities and Cameco for a combined investment of at least $15 million between now and next July.

Japan’s conglomerates and utilities have becoming increasingly eager to invest in Australia’s uranium sector, taking positions in projects including Kintyre and Lake Maitland.

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Asides
  • Conferences and Trade Shows: For more information on the uranium market and companies, add the U2009 Global Uranium Symposium conference May 9-13, 2009 in Keystone, CO to your calendar.  Other shows include: Cambridgehouse, IIC, Chicago Resource Expo

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  • The Uranium Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.

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  • u3o8.biz Database of Uranium Companies/Uranium Stocks: A comprehensive list of uranium companies including: Trading Symbol, Share Price, Market Cap, Resource, Land Holdings, and Market Cap / U3O8 lbs

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  • ResponsibleMiner.com is a new web site with a wiki for mining companies and suppliers can discuss best practices in the mining industry.  Also, check for profiles of companies doing great things to improve mining best practices.

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