Click      HERE    or    HERE     for uranium spot prices


Click      HERE     for uranium futures prices








UraMin Inc (www.uramin.com) was established in 2005 to acquire and develop mineral properties, predominantly uranium. UraMin is focused on advancing its 100%-owned Trekkopje uranium project in Namibia to the completed Definitive Feasibility Study (�feasibility study�) stage. A trial mine is planned for the fourth quarter of 2007 and commercial production is planned for late 2008. The Company also has a feasibility study underway at its 90% owned Bakouma uranium project in the Central African Republic and on its 74%-owned Ryst Kuil uranium project in South Africa. SRK is the lead consultant for the Ryst Kuil Project. UraMin intends to bring these near surface open pitable projects into production, utilizing efficient mining and processing methods currently in practice worldwide in similar deposits in a cost effective manner. UraMin also has a number of exploration projects in both Africa (Chad, Niger, Senegal and Mozambique) and joint venture projects in Canada (the Rea Project within the Athabasca Basin in Alberta and the Labrador Project in Quebec) on which it is advancing exploration programs that could provide a pipeline of potentially economic uranium projects for the future.

Upper graph = 12 month share price with 6 month moving average
Lower graph = 12 month volume (red line = volume average).

Click      HERE      for latest Canadian (UraMin Inc) company prices and information

UraMin Inc. ("UraMin or "the Company") - Award of Additional Exploration Licences Extends Recently Established Niger Uranium Project



TORONTO, May 24 /CNW/ - UraMin, the company primarily focused on
near-term uranium mining projects in Africa, announces that it has signed
mining conventions for two additional exploration areas in the Republic of
Niger to prospect for and, if economically viable, mine all minerals,
including uranium. This follows the announcement on 7 May 2007 of the signing
of four mining conventions in the area. The project is UraMin's fourth uranium
mining project in Africa.

Key Points

- Strengthens and consolidates UraMin's position by signing mining
conventions for two additional exploration areas (Dabala 3 and 4)
adjacent and to the north of the four existing UraMin licenses
(Kamas 1 to 4)

- UraMin's Niger licenses are all located within the well known and
prospective Tim Mersoi Basin

- The six license areas total 2,773 square kms and are situated along
the proven Arlit Fault zone to the north of existing uranium producing
mines

- Stable, favourable fiscal regime for duration of the prospecting and
mining period

- State entitled to 10% free carried interest and to acquire additional
interest of up to 30% on commercial terms in respect of all six
concession areas

- Exploration planning complete and mobilization to site is imminent


Further Details

The Tim Mersoi basin is a major world uranium province wherein the
deposits, hosted by sandstones, are roll front type, which are reduced and
consist of pitchblende and coffinite (Akouta, Arlit, Afasto, Madaouela)
associated to Carboniferous terrains or oxidized (Imouraren) within Jurassic
age formation.
Niger has been mining uranium since 1971 and past production from its 2
operating mines exceeds 100,000 tonnes of uranium (approximately 2,600,000 lbs
of U(3)O(8)) to the end of 2006. With an output of over 3,093 tU in 2005,
Niger was the world's 6th largest uranium producer contributing 7.75% of the
total world production.
All of UraMin's six concessions in Niger are located along the western
edge of the Arlit Massif and to the north of SOMAIR's successful Arlit mine.
The Arlit flexure/fault lies just inside and along the western edge of the
UraMin concessions. Splays off this major structure strike north east through
the Kamas and Dabala blocks. Its influence dominates the sedimentology and
paleogeography, and consequently also the distribution of uraniferous
mineralisation.
The main prospecting target on the UraMin concessions is the Devonian
ash-pit gravel, which in a reduction environment is favourable to the presence
of uranium. On the structural plan, the favourable zones are along the Arlit
flexure, where synforms related to the latter constitute traps for uraniferous
mineralisation.
The Mining Conventions entered into provide for favourable and stable
fiscal conditions over the duration of the prospecting and mining period of 20
years, renewable for further periods if necessary. Incentives include total
exemption from most taxes, import benefits and income tax waivers for
expatriate employees during exploration. During the exploitation phase various
tax, customs, export and related benefits are guaranteed. In addition, the
state makes customary guarantees against discrimination, changes in law,
restriction in funds transfer.

The Sunday Times - January 14, 2007

When oil runs out, go nuclear


We know the population of the world is rising fast (by about 150 people a minute) and that the many people being born into increasingly rich emerging markets want to live in the same way that the western world does. They want their houses well-lit; they want their televisions and computers on standby all the time; they want heating when it is cold; they want air conditioning when it is hot; and they usually want to be somewhere they are not, which means they want a car or a plane to get there. In the next 10 to 15 years power demand in China and in India will double and the International Energy Agency tells us global demand for energy will also have doubled by 2030. How can the price of oil not be in a long-term uptrend? Expect more flip-flopping in January 2008.

The other point we shouldnt lose sight of just because the oil price has fallen is that we still desperately need a real substitute for oil. The West has its worries about the security of supplies from the Middle East and Russia, but even if these concerns didnt exist there still wouldnt be enough oil about to cope with a doubling of global demand. It would be nice to think the slack could be picked up by renewables wind, wave and solar power but it cant. It doesnt matter how excited the European Union gets about global warming or how many announcements governments make about energy efficiency and low-carbon economies, it remains the case that renewable energy is expensive, inefficient and capable of meeting only a small part of the extra demand.

The only thing that is up to the task, as far as I can see, is nuclear power. It is secure, in that most reserves are based in stable countries such as Australia, Canada and America; it is reliable (unlike, say, wind power which is hopelessly unpredictable); it is clean, in that its production, while not carbon-neutral, emits very little in the way of greenhouse gases; and, despite perceptions to the contrary, it is safe. No wonder then that there are 30 reactors under construction in 13 countries and that China is talking about building another two a year for 15 years. Even Russia, which youd think wouldnt be remotely worried about the security of its oil supplies or global warming, says it intends that 25 per cent of its energy needs should be met from nuclear power by 2025. The obvious way to capitalise on this surge in reactor construction is to invest in uranium, the raw material needed to produce nuclear power. You would have been wise to start doing this five years ago the price hasnt fallen in a single month since 2001 but the imbalance between supply and demand is such that it is probably still a good investment. For years, mine production has met only 60 per cent of annual demand, with the rest coming from stockpiles and decommissioned nuclear warheads. Clearly this cant go on indefinitely stockpiles are being run down and there are a limited number of warheads left, which suggests the price of will keep going up.

Possible ways to play this story include buying shares in Energy Resources of Australia (the worlds second-largest uranium miner) or, more speculatively, AIM-listed miners Uramin or Urasia.

Business Day (Johannesburg) - Charlotte Mathews - May 2007

South Africa: China Eyes Regional Uranium


INTEREST in southern Africa's uranium deposits has quickened, with China reported to be taking an interest in developing a South African and Namibian uranium mining company. SA is the world's 10th-largest uranium supplier, and Namibia the sixth-largest. Supplies of uranium -- mainly scrap from nuclear disarmament -- are expected to decrease, while supply from mines will increase, but supply is expected to be tight until 2012 or even beyond. This month the spot price of uranium hit a new high of $125/pound.

Shares in Uramin, a uranium explorer headquartered in Johannesburg and listed on London's AIM, jumped sharply on Monday on a report in the Wall Street Journal that the China National Nuclear Corporation would hold talks with the company this week on closer commercial ties. It was too early to say whether this would lead to an offer to take over the company, a spokesman for the corporation said. China is seeking to secure supplies of uranium as it plans to generate 4% of power from nuclear power stations by 2020 compared with 2,3% now.

------------------------------------------------


BEIJING (XFN-ASIA) - Uramin Inc, a UK-listed uranium miner, is in tieup talks with China National Nuclear Corp, the Wall Street Journal reported, citing senior officials from both companies. Discussions with CNNC have been taking place for about a year, a Uramin official said, without elaborating on the nature of the possible tieup.

Liu Xuehong, deputy general manager of CNNC's uranium procurement unit, said: 'We are in talks with Uramin. The company has good assets in Africa.' Liu added CNNC is also seeking supplies from other producers in countries including Niger and Kazakhstan.

------------------------------------------------


Posted on May 21st, 2007 in Market whispers.

Evolution looks at the ramification of the firms mooted talks with the Chinese authorities. Broker says: Ongoing discussions have been taking place for around a year now. Whilst discussion may result in off-take agreements they could also results in the outright purchase of the business. UMN has accelerated its exploration and development programme recently. We believe this could drive a substantial increase in compliant resources from around 160m lbs U3O8 towards management estimates of around 236mlbs. Trading on around $14/lb (on the basis of current compliant resource and assuming larger than anticipated capex of $700m) the shares appear attractively at around a 20% discount to peers.

London Stock Exchange - 24th May 2007

Expert predicts continued boom in commodities


A fund manager at JP Morgan is predicting that the ongoing boom in commodities is likely to continue ahead in the coming future.

Ian Henderson argues that the future investment potential of commodities remains strong, highlighting lucrative opportunities in precious metals as well as resources such as uranium and platinum.

Mr Henderson highlights strong demand for gold in China, a relatively new market, while Platinum continues to be in demand as a key element in catalytic converters. Uranium is seen as an environmentally-friendly source of electricity generation, compared with coal, and therefore is also in demand.

"It's just a matter of looking for the right opportunities and diversifying the portfolio accordingly," he explained.

"Just a few years ago we wouldnt have touched uranium but now we can see a clear market demand and short supply."

Commodities prices recently posted a decline across markets, fuelling speculation of an end to the commodities boom.

The Sunday Times - May 27, 2007 - Dominic OConnell

The government last week opened the door to new nuclear power stations in Britain in a white paper on energy policy, but said it would consult on the matter before giving the green light. It said nuclear power was attractive because it did not generate greenhouse gases, and because it would assist the diversity and security of Britains power supplies. Top utility groups, including Frances EDF and Germanys RWE, said last week they would be keen to build new nuclear stations in Britain. The Nuclear Decommissioning Authority, set up in 2005 to deal with the legacy of Britains civil nuclear power programme, is expected to spend as much as 65 billion over several decades. If as a result of the consultation, government takes the decision that new nuclear power has a role to play, we would expect to set out the financing framework through legislation at an early opportunity.

British Energy (BE), the group that runs the existing nuclear stations, is set to play a key role in the formation of a consortium to build new ones. A study on the siting of new plants recommended use of sites already used for nuclear power generation Hinkley Point, Sizewell, Brad-well and Dungeness all of which are operated by BE. BE has invited expressions of interest from companies interested in joining a new nuclear consortium. BE would contribute technical expertise and the sites, with large utility and engineering groups completing the lineup.

Interesting article. Uramin is our biggest uranium company and a quick look at the chart above shows why it's a good investment.

         ...........tasty  Chinese  takeaway  ????????????



Click     HERE     to read this weeks' article regarding possible Chinese takeover

All clear for nuclear


"...Mr Darling formally confirmed that the government saw nuclear power as central to the UK's future energy supply..."


Click     HERE     to read full article   (Leader - Thursday May 24, 2007 - The Guardian)

As always, Dai's contributions are invaluable, and certainly the article(s) is well worth reading in full ..... the nub of the Chinese t/o story is below .....


"The Chinese companys deputy general manager for uranium procurement announced to Bloomberg News that CNNC and UraMin will start more formal talks this week.

UraMin is a prime acquisition candidate for the Chinese because of its uranium prospects in both Namibia and Niger. The company also has holdings in South Africa and the Central African Republic."


However, while this report may well be accurate, and is presumably checkable insofar as it was broadcast a week ago, i find it more than a little surprising that so much detail should be made public when UMN have announced nothing at all ....... all sounds too easy to me, though UMN (and perhaps VML of this site's faves) may well be a prime t/o target for someone .... indeed, UMN's price has dipped over the last week, so caveat emptor if you are just a prospective investor rather than an existing holder.

Click on the "HERE" for canadian price (see post 1 above) and you'll see that uramin has gone up another 2.28% (as I write this). Let's face it, the demand for uranium is only going to get stronger and stronger and that can only mean the sp will keep on going up too. No good saying it went down over a few days. Hard fact is the sp has rocketed this past year and, in my opinion, it hasn't peaked yet. Far from it, and with takeover talk who knows how much more higher the sp will have risen come years end????

so remortgage the house and buy more then ..... (1) so what if uranium has gone up (or down) today or even this week ..... (2) if this t/o talk had substance, then for starters UMN would have been obligated to issue a statement ...... (3) UMN is an obvious potential target for someone, but that does not mean it will happen this week, next month, this year or even at all.

"me thinks the lady doth protest too much" comes to mind.

????????????????? ..... i hold these, but it doesn't mean i have to get overexcited like you

A dash for nuclear power is set to be unveiled by the Government in the next two weeks


Click     HERE     to read full article

If you were going to buy an uranium company , would you buy the best ?

and who is to say that this is?

Only time will tell !

It's telling fliper - it's telling !!

This is a good stock to buy when the market is down. UraMin is up again today.