U3O8 Corp is pleased to outline how the offer of a C$1 million line of credit by the Company’s founder and director, Dr. Keith Barron, in addition to funds recently raised by the Company, will be used to undertake proof-of-concept work on its Laguna Salada uranium-vanadium deposit in Argentina. The funds allow the Company to do specific test work that, if successful, is likely to significantly improve the economics of Laguna Salada by lowering operating and capital costs from those determined in the positive preliminary economic assessment (“PEA”) undertaken in 2014.
U3O8 Corp reports that the Company raised gross proceeds of C$517,000 in a private placement that closed yesterday. Meanwhile, Dr. Keith Barron, founder, director and shareholder of U3O8 Corp., has offered to provide a C$1.0 million unsecured operating line of credit to enable U3O8 Corp. to generate proof of concept uranium and vanadium products from the Laguna Salada Deposit.
Hallgarten and Co analyst, Christopher Ecclestone, has written an outstanding and comprehensive summary on the nuclear framework of Argentina. He summarizes the history of nuclear electricity generation in Argentina and the direction in which the country is moving forward. He highlights that uranium production is the one conspicuous gap in the otherwise complete Argentine nuclear energy program. He also points out that Brazilian uranium production is falling short of future demand and therefore represents a logical export opportunity for Argentine uranium production.
U3O8 Corp announces that it intends to proceed with a non-brokered private placement to raise up to one million Canadian Dollars (“C$) in gross proceeds through the sale of approximately 3 million units with each unit (“Unit”) consisting of a share and a warrant.
highlights the production schedule from the Preliminary Economic Assessment (“PEA”) on its Laguna Salada Deposit, in which almost twice as much vanadium would be produced as uranium. “Vanadium prices have risen strongly in response to a supply shortfall that has been developing in the vanadium market,” said Richard Spencer, President & CEO of U3O8 Corp. “The trigger for the recent sharp price increase was a change in policy in China that resulted in restricted access to vanadium slag and higher local production costs, coming on the back of increasing vanadium consumption, notably from the steel and battery industries.
Toronto, Ontario – September 11th, 2017 – U3O8 Corp. (TSX: UWE), (OTCQB: UWEFF) (“U3O8 Corp.” or the “Company”) reports that its consolidated common shares will start trading at the open of the TSX and OTCQB markets on Monday September 11th, and that one of the Company’s directors has exercised out-of-the-money warrants to contribute working capital to the Corporation.
Toronto, Ontario – August 23rd, 2017 – U3O8 Corp. (TSX: UWE), (OTCQB: UWEFF) (“U3O8 Corp.” or the “Company”) reports on provisional timing of the consolidation of the Company’s common shares and on the decision to amend the terms of certain common share purchase warrants.
Toronto, Ontario – August 03, 2017 – U3O8 Corp. (TSX: UWE), (OTCQB: UWEFF) (“U3O8 Corp.” or the “Company”) is pleased to provide an update on activities since its Annual and Special Meeting (“ASM”) held on June 22, 2017, that includes: The closing of the Existing Shareholder Prospectus Exemption (“ESPE”) financing announced on June 27, 2017; Next steps in the stock consolidation that was approved by shareholders at the Company’s recent ASM; Update on metallurgical test work that has been concluded in Australia; and A note on the recent surge in vanadium prices.
The following audio excerpt is from episode #529 of Frank Curzio’s podcast “Wall Street Unplugged” titled “The Art of Short Selling” featuring Michael Alkin. Michael is a former hedge fund analyst, portfolio manager and is currently the Editor & Founder of The Stock Catalyst Report. Michael brings up the uranium sector which he’s going “all-in” on and goes as far as saying “In my entire 20-plus year career as an analyst, this is the best risk/reward ratio on the long-side I’ve ever seen.” continuing on to suggest it could potentially become the hottest commodity story of the next decade.
Latest Press Releases
- U3O8 Corp. Announces a Clear Path Forward for the Laguna Salada Uranium-Vanadium DepositNovember 16, 2017 - 8:15 am
- U3O8 Corp. Announces Closing of Private Placement & Commitment by Shareholder to Fund the Company to Achieve Key MilestonesNovember 2, 2017 - 9:00 am
- U3O8 Corp. Proposes One Million Dollar Non-Brokered FinancingOctober 4, 2017 - 8:15 am
- U3O8 Corp. Highlights Planned Production Profile for Vanadium from the Laguna Salada Deposit Based on a PEASeptember 14, 2017 - 9:20 am