UPDATE UPDATE UPDATE..

COMPANY WEB SITE.........

http://www.vaneminerals.com/

THE PRICE OF URANIUM IS GOING BALISTIC...

The uranium spot price hasn't seen a down month since 2001. For years now, uranium producers have met just 60% of total annual demand - the other 40% coming from government stockpiles and decommissioned nuclear warheads. This can go on for only so long.

The tightness of supply comes at a time of atomic resurgence. Three large-scale factors have turned the tide in favour of nuclear energy:
geopolitics, global warming and developing world growth.

Analysts are debating over wether the SP of Uranium increase will be three fold within 2007?.

Looks like to me, the best play on the UK market for Uranium and it hasnt gotten away yet like the other two ZBA Zareba and URA Uranium which have multi bagged. Its also in a position to fund its development with a new gold mine producing. Ive added twice this morning and think this one could be very big. Heres the announcement...........

Vane Minerals PLC
07 March 2005


VANE Minerals plc (AIM: VML)

VANE Announces Diversification Into Uranium Exploration And Development

Vane Minerals ('VANE' or 'the Company') announces that it is diversifying its
current project portfolio by entering into the uranium exploration and
development business.

To date 7 uranium targets have been successfully claimed by the Company and 28
further properties have been identified and are under development. VANE expects
to finalise its property position by the end of the first quarter 2005. The
Company is targeting uranium projects that are either at, or near, resource
stage or targets that exhibit similar surface features to mines with past
production, but that have not yet been evaluated for the presence of uranium.

The 35 properties identified are located within a uranium district with
significant past production as well as significant resources. Due to the
current uranium market conditions, we prefer to not identify the location until
we complete our property position. Previous drilling data available for some of
the 7 properties successfully claimed indicate grade intersects from 0.34 up to
1.78% U3O8.

VANE has incorporated a 100% owned subsidiary to hold its uranium properties and
has also successfully recruited a uranium geologist, Kristopher K. Hefton B.Sc.,
who has considerable experience in this field and is a great addition to the
VANE team. Mr. Hefton has worked with VANE's exploration team in the past during
his time at Freeport McMoran, and he has also worked for Barrick Gold
Corporation, Homestake Mining Company and Energy Fuels Nuclear Inc.

Michael Spriggs, Chairman of VANE, commented, 'We are delighted to announce the
addition of these uranium assets to the VANE portfolio and will update the
market with more substantial details once further properties have been claimed.
The uranium market has been strong for some time now, reflecting a long-term
forecast supply shortage and the growing recognition that nuclear energy offers
a cleaner and more energy efficient fuel source. Through our extensive network,
we have identified some quality projects and look forward to releasing further
details when appropriate.'

Enquiries:

VANE Minerals plc Seymour Pierce Limited Parkgreen Communications
Matthew Idiens Sarah Wharry Justine Howarth / Cathy Malins
020 7667 6322 020 7107 8000 020 7493 3713

cheers GF.

I think we all knew it would get to $100./lb but it's gone sailing through to $113.00/lb wheres the next mark $150.00/lb all we need now is for VML to start producing or at least find a significant amount.

Good to have you aboard cynic.

cynic
Yes welcome aboard.

if F18 is in here, bet he won't be welcoming me .... lol!

Cynic , get on this one and enjoy the ride . As demand for uranium goes up so does the price . Both vml and umn are going to be winners . I have another hot tip ,(are)

I have ..... see earlier posts of today

Uranium price jumps to record 40-year high
By Tom Stevenson
Last Updated: 12:53am BST 11/04/2007

The price of uranium has recorded its biggest percentage increase since dealings were first reported almost 40 years ago. The cost of the fuel used in nuclear power plants jumped 19pc to $113 a pound at a US auction last week.

Competition with the utilities and producers who dominated the market previously has driven prices higher. Analysts forecast a price of $140 next year.

I think when news hits the papers and mags the sp could go up to 30p very quickly .

So much going on
May start drilling at its gold and copper project in Paraguay within the next six months.

By Danielle Rossingh
April 11 (Bloomberg) -- Vane Minerals Plc, a U.K.-based
metals producer and explorer, may start drilling at its gold and
copper project in Paraguay within the next six months.
``We are happy with our progress in Paraguay,'' Matthew
Idiens, director of corporate development of the Leeds, U.K.-
based company, said in an interview today. ``We are looking to
convert our investigation permits into exploration permits,
which will allow the company to drill.''
Vane, founded by the former exploration team of Freeport-
McMoRan Copper & Gold Inc., is using sales from its Diablito
silver and gold mine in west-central Mexico to fund exploration
for silver, copper, gold and uranium in Mexico, Paraguay and the
U.S.
The company also said today in a statement that it bought
19 acres of land in northern Arizona, where it will look for
uranium.
Shares of Vane rose 1 pence, or 4.4 percent, to 23.5 pence
as of 2:33 p.m. in London, the highest since Feb. 20. The shares
have more than doubled in the past year, valuing the company at
34.3 million pounds ($67.9 million).

cynic...good to see you on board VML.

at last it take's time to sink in he is getting on a bit ...........well done cynic .......lol

would rather be getting off a bit .... as it is already very very old!

Might get a mention in the IC on friday.

http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=1197641

Vane Minerals mulls options for uranium ops in strategic review - AFX

LONDON (Thomson Financial) - Vane Minerals PLC said it is undertaking a strategic review of its options as it pointed to strong interest in and rising valuations of uranium companies, particularly in the US and Canada.

The exploration company with substantial uranium interests said there is no certainty of the outcome of the review, but 'in the current environment the board considers that it has a duty in the best interests of shareholders to explore what options may be available to extract optimum value from its now sizeable uranium portfolio.'

An update on the progress will be announced in due course.

The company also said it has agreed to raise 1 mln stg through the issue of a loan note to Geiger Counter Limited, which will be used to fund exploration and drilling at its North American uranium projects.

kathy.sandler@thomson.com

sounds like a slightly obtuse way of saying the company is up for sale ..... that would scarcely be bad news for sp!

Moving on up swiftly 2.5p.

up 13% immediately this morning...all buys



BBC, Wednesday, 11 April 2007, 12:34 GMT 13:34 UK

Nuclear goals spark uranium deals

Nuclear power has gained in appeal as an alternative energy source
A scramble by nuclear power firms for the world's scarce uranium resources has sparked a string of corporate deals and takeover bids.
With uranium prices at their highest since the 1970s, France's Areva is to buy up to 18% of uranium firm Summit Resources.

The move follows a 1bn Australian dollar (US$825m; 417m) hostile bid for Summit from Paladin Resources.

Japan's Mitsubishi aims to buy 50% of a CanAlaska uranium mining scheme.

As firms are vying to take advantage of the growth in nuclear energy, there have been fears over uranium shortages.

"We should produce as much uranium as possible to stop a growing deficit that may hamper the nuclear power development," said Mukhtar Dzhkishev, the head of Kazakhstan's atomic firm Kazatomprom, according to Russian news agency Tass.

This renewed interest in nuclear energy comes after years of underinvestment in the sector, due to safety concerns.

'Long term'

Nuclear energy is gaining in appeal as an alternative to fossil fuels. Uranium prices have climbed by some 20% this week to $113 a pound.

Summit Resources said French firm Areva - the largest maker of nuclear reactors - would initially buy a 9% stake, with the option of buying a further 9% later.

Alan Eggers, managing director of Summit, said Areva's purchase was part of a "long-term relationship with Areva".

It remains to be seen how Paladin Resources - which has interests in Namibian mines - will respond to Areva's latest move.

Wider trend

In other uranium deals, Mitsubishi Development is to invest 11m Canadian dollars (4.8m) into the West McArthur block, a uranium mining area in Canada.

The investment by Mitsubishi Development, the wholly-owned Australian mining arm of Japanese group Mitsubishi, will give it access to half of the CanAlaska project.

The move comes after a wave of nuclear deals last year.

In October 2006, Mitsui joined with Russia's nuclear firm Tenex to establish a uranium mine while Sumitomo joined with Kansai Electric Power to expand a uranium project in Kazakhstan.

for once my investment timing was spot on!
thanks to all for keeping me interested in this stock in the first place.
yesterday i commented that if sp could break upwards with any omentum, it was quite likley to keep going .... so it has .... lol!!

Cynic, timing was buying in the 10p region!! LoL