UraMin Inc - Placing and Admission to AIM
RNS Number:7788BUraMin Inc 21 April 2006
UraMin Inc. raises $60m (#34m) via a placing of 50,000,000 ordinary shares at a price of $1.20 (68.5p) per ordinary share ('the Placing') and is admitted to AIM
UraMin Inc.

('UraMin' or 'the Company') begins trading today with ticker symbol 'UMN', following completion of the Placing and admission of its entire issued share capital to trading on the AIM market of the London Stock Exchange plc ('AIM').

The Company has raised US$60 million (approximately #34 million) before expenses and at the Placing price the Company has a market capitalisation of US$209 million (approximately #120 million).

Matrix Corporate Capital Limited isthe nominated adviser and Canaccord Adams Limited is broker to the Company. BMO Nesbitt Burns Inc. was the placing agent.

Samuel Jonah KBE, non-executive chairman, and Stephen R. Dattels, executivedeputy chairman and founder, head the UraMin board of directors. Mr. Dattels said: 'With the Placing and admission to AIM, UraMin has positioned itself to become an important uranium producer in the near term. The Company has the financial strength to develop its existing projects as well as assess new projects. Most importantly, we have built a top management team which can advance the Company's uranium projects to the bankable feasibility stage and ultimately into production.'

John (Ian) Stalker, CEO of UraMin, added 'This is an exciting time for uranium mining companies and with our listing, we expect our profile to grow within the industry.

'Expected TimetableAdmission and dealings in the ordinary shares commence on AIM 8.00 a.m. on 21 April 2006
Delivery of depositary interests into CREST 21 April 2006
Where applicable, despatch of definitive share certificates in respect of the 28 April 2006
Placing shares to placees by no later thanPlacing StatisticsPlacing price US$1.20 per shareNumber of Placing shares 50,000,000Number of ordinary shares in issue following the Placing 174,175,792Percentage of the enlarged issued share capital subject to the Placing 28.7 per centEstimated net proceeds of the Placing US$54 millionMarket capitalisation following admission at the Placing price US$209 millionNumber of options in issue on admission 22,133,332Number of warrants in issue on admission 20,093,947Number of ordinary shares on a fully diluted basis on admission 216,403,071ISIN number for the ordinary shares VGG9298V1067

For further informationUraMinIan Stalker, Chief Executive OfficerTel: +27 (0)11 783 5056Neil Herbert, Finance DirectorTel: +44 (0)20 7408 2018Matrix Corporate Capital LimitedAlastair StrattonTel: +44 (0)20 7925 3300Canaccord Adams LimitedRobin BirchallTel: +44 (0)20 7518 7388Britton FinancialTim BlackstoneTel: +44 (0)20 7251 2544

This press release has been issued by UraMin and is the sole responsibility ofthe Company. This press release does not contain or constitute an offer orinvitation to purchase or subscribe for any securities of UraMin and should notbe relied on in connection with any decision to purchase or subscribe for anysuch securities.The securities referred to herein have not been and will not be registered underthe U.S. Securities Act of 1933 and may not be offered or sold in the UnitedStates absent registration under the Securities Act or an available exemptionfrom it.Notes to EditorsUraMin Inc.

UraMin Inc. ('the Company' or, collectively with its subsidiaries, 'the Group')was incorporated in February 2005 for the purpose of seeking to acquire and develop mineral deposits, predominantly uranium, throughout the world. Provided its application for an exclusive prospecting licence (EPL) for its advanced exploration project, the Trekkopje Project in Namibia, is successful, the Group currently plans to develop and bring the project into production. The Group is also actively seeking and exploring additional uranium properties throughout the world.

The Trekkopje Project is located in west-central Namibia about 65 km northeast of Swakopmund. The project area has been extensively explored in the past with primary drilling in mineralised areas at approximately 100m to 200m intervals along lines 400m apart, with more closely spaced infill drilling covering areas of better grades. Aggregated SAMREC Code compliant resources in both the indicated and inferred categories are estimated by the competent persons of Dr.Morris Viljoen and Dr. Richard Viljoen at 120.9 Mlbs of U3O8. Total indicated resource alone is estimated at 13.2 Mlbs of U3O8.

The vanadium content isestimated to average approximately one third of the uranium content. Upon grant of the relevant EPL, the Group plans to complete a feasibility study on the Trekkopje Project over the next eighteen months, which will be followed by construction assuming that the results of the feasibility study are favourable.

Initial capital costs for the development of the project are estimated at US$181 million. A conceptual technical and economic evaluation of the Trekkopje Project was undertaken by Turgis Consulting (Pty) Ltd based on spot prices at the time of analysis of US$38.50/lb for U3O8 and US$9.50/lb for V2O5 and an exchange rate of US$1=R6.20.

The analysis assumed a mine life of 20 years for the indicated and inferred resources of the Trekkopje Project with an annual production rate of 3.1 Mlbs of U3O8 and an average operating cost of US$15.60/lb of U3O8. The net present value of the pre-tax cash flow at a 10 per cent discount rate was estimated at US$349 million with an internal rate of return of 44 per cent.

The net present value of the post-tax cash flow was estimated at US$167 million at a 10 per cent discount rate. SAMREC requires that in addition to reporting the results of any cash flow modelling on the total resource figure, that the results of the indicated resource alone are also reported. On this basis, the mining resource would comprise 13.2 Mlbs of U3O8 with an overall production cost of US$14.67/lb of U3O8 and would result in a pre-tax net present value of US$17 million at a 10 per cent discount rate.

The post-tax net present value at a 10 per cent discountrate would be negative US$28 million. Overall U3O8 production would be 9.7 Mlbs.

The Group is also attempting to secure mineral rights in the Beaufort West, Sutherland and Springbok Flats districts of South Africa and plans to explorethose properties on which it acquires or is granted prospecting rights. The Group also plans, subject to publication of a decree ratifying the Mining Convention between the Group and the Chad government, to conduct preliminary evaluation work on the areas over which it has been granted exploration permits in Chad. In addition, the Company has recently signed an option agreement to acquire up to a 50 per cent. interest in the Rea Property located in the highly uranium-prospective Athabasca Basin in Alberta, Canada.

The Group is also attempting to secure five prospecting and research licences in Mozambique and licences in the Botsalano Ring Complex region on the South Africa/Botswana border.

The UraMin board is headed by non-executive chairman Samuel Jonah KBE and executive deputy chairman Stephen R. Dattels. Samuel Jonah KBE is non-executive president of AngloGold Ashanti Limited and executive chairman of Equator Exploration Limited, as well as a member of President Thabo Mbeki's advisorycouncil of South Africa. Mr. Dattels is the founder of UraMin and has beena ctive in its formation, development and financing. He was also a key executive at Barrick Gold Corporation during its formative years and is a financier andfounder of a number of mining companies. John (Ian) Stalker is chief executive officer. He has over thirty years of experience as an international miningexecutive, having most recently worked for Gold Fields Ltd. as vice president responsible for the company's main project activities in Europe and Australia. Mr. Stalker has been responsible for placing into production eight mines with several important mines in Africa including the Siguri, Bibiani and Geita mines.

Since its incorporation, the Company has raised US$100.8 million in equity finance, including the gross proceeds of the Placing. Should the Group's EPL application prove successful the funds raised by the Company will be used to move the Trekkopje Project to the feasibility study stage. No assurance can be given that the Group's application for an EPL will be successful; however, the Group has been advised by local counsel that an application of this nature should not normally be refused. Net proceeds of the Placing will also be applied to the Group's other prospecting programmes and towards securing an interest in the Rea Property. The directors will also continue to identify and evaluate opportunities for the acquisition of uranium properties and may apply net proceeds to the securing of additional properties.

as i speak...


UraMin in Negotiations Regarding Potential Sale of Company


UraMin Inc. ('UMN' TSX and AIM) announces that it is in negotiations with
respect to a potential sale of the company. No assurance can be given that the
negotiations will be successful.


For further information:

Nominated Advisor
Canaccord Adams Limited
Robin Birchall
Tyler Broda
Tel: +44 20 7050 6500

Toronto
Steve Vaughan
Tel: +1 416 643 6924


Background

UraMin (www.uramin.com) was established in 2005 to acquire and develop mineral
properties, predominantly uranium. Following the private placement the Company
currently has a market capitalization of approximately US$1.9 billion on an
undiluted basis. UraMin (www.uramin.com) is traded on the Alternative Investment
Market of the London Stock Exchange plc and the Toronto Stock Exchange under the
symbol UMN.

UraMin is currently focusing on the development of its advanced stage
exploration projects at Trekkopje in Namibia, Bakouma in the Central African
Republic and Ryst Kuil in South Africa. Through a South African joint venture,
UraMin also enjoys additional prospecting license applications for important
uranium deposits in the Karoo, South Africa. No assurance can be given that
remaining applications for prospecting licences will be successful.


Forward-Looking Statements:

This press release contains statements that are 'forward-looking'. Generally,
the words 'expect,''intend,''estimate,''will' and similar expressions
identify forward-looking statements. By their very nature, forward-looking
statements are subject to known and unknown risks and uncertainties that may
cause our actual results, performance or achievements, or that of our industry,
to differ materially from those expressed or implied in any of our
forward-looking statements. Statements in this press release regarding the
Company's business or proposed business, which are not historical facts, are
'forward looking' statements that involve risks and uncertainties, such as
estimates and statements that describe the Company's future plans, objectives or
goals, including words to the effect that the Company or management expects a
stated condition or result to occur. Since forward-looking statements address
future events and conditions, by their very nature, they involve inherent risks
and uncertainties. Actual results in each case could differ materially from
those currently anticipated in such statements.

Investors are cautioned not to place undue reliance on forward-looking
statements, which speak only as of the date they are made.


This information is provided by RNS
The company news service from the London Stock Exchange
END

But will they pay 5 a share ? sell order set at 5 , I have been telling everyone for some time . The next week should see the sp rocket . Cynic you must be happy now !

after playing appalling for 36 holes on Saturday, i need some cheering!
just picked up on the news and see sp seemingly went as high as 380 during the day.
shall be more than happy with 5.00 for UMN, though I guess that's a pretty arbitrary sort of price.
All we need then is for VML to be similarly snapped up and TMC to get back up off its arse!

Areva in talks to acquire UraMin - report
AFX


PARIS (Thomson Financial) - Nuclear power plant manufacturer Areva is in talks to acquire AIM-listed Canadian mineral development company UraMin and is also in similar discussions with other new companies in the mining sector that it did not name, the daily Les Echos said, citing Areva.

UraMin said yesterday it is in talks to sell the company to an unnamed buyer

well done all holders--I'm sorry I moved on I should have held!!

Are the chinese still after umn ? if so we could see a bidding war .

AFX


(updates to recall report of UraMin discussions with Chinese company; add details of UraMin's projects)

PARIS (Thomson Financial) - French nuclear energy group Areva said its talks to acquire uranium mining development company UraMin are non-exclusive.

Confirming reports of the talks with UraMin, an Areva spokesman said: 'We can imagine that UraMin is in discussions' with some other potential bidders as well.

UraMin said yesterday it is in talks to sell the company to an unnamed buyer.

Areva is also in discussions with some 'other junior companies', the spokesman said, without naming the companies.

Uramin has uranium mining development project in Namibia, Central African Republic and South Africa, along with exploration plans in a number of African countries and joint ventures in Canada.

Last month an official at state-owned China National Nuclear Corp said it has approached UraMin. The official told Agence France-Presse she did not know if talks would focus on buying uranium from UraMin or if the corporation viewed UraMin as a takeover target.

2007-06-12 16:49:00 Sale 500,000 380.75 1,903,750 380.00 379.75 Normal
2007-06-12 16:39:00 Buy 400,000 374.00 1,496,000 380.00 379.75 Bargain condition
2007-06-12 16:37:00 Buy 250,000 377.25 943,125 380.00 379.75 Volume weighted average price
2007-06-12 16:36:00 Buy 400,000 374.00 1,496,000 380.00 379.75 Bargain condition
2007-06-12 16:35:00 Buy 198,573 377.00 748,620 380.00 379.75 SETS order driven
2007-06-12 16:29:00 Buy 3,721 380.00 14,140 379.00 380.00 Normal
Now we can see the big boys getting in .

French and Chinese are after UMN. Maybe the Russian will be next to come in bidding for it.

If thats the case , we could be talking 7 a share .

Well , I think one will test the water with a low bid 4 before being rejected by umn . After that we could see bids between 4.50 AND 5 and maybe more .

2007-06-13 17:05:00 Buy 200,000 371.00 742,000 370.00 371.00 Bargain condition
2007-06-13 16:57:00 Buy 13,300 374.50 49,809 370.00 371.00 Bargain condition
2007-06-13 16:57:00 Buy 49,000 374.50 183,505 370.00 371.00 Bargain condition
2007-06-13 16:42:00 Buy 100,000 374.25 374,250 370.00 371.00 Bargain condition
2007-06-13 16:41:00 Buy 102 371.00 378 370.00 371.00 Normal
2007-06-13 16:39:00 Buy 100,000 375.00 375,000 370.00 371.00 Bargain condition
2007-06-13 16:36:00 Buy 50,558 371.00 187,570 370.00 371.00 SETS order driven
mm filling buy orders again .

UraMin Inc
14 June 2007


June 14, 2007


Winter Drill Program completed on the Rea Uranium Project, Alberta

UraMin Inc. (TSX and AIM: UMN) and its joint venture partner, Red Dragon
Resources Corporation (TSX-DRA.V), are pleased to report the completion of the
winter drilling program on the Rea Uranium Project in northeastern Alberta. The
diamond drill program (1,908m in 8 holes) tested six airborne electromagnetic
(EM) anomalies, out of several hundred anomalies that were identified on the
property. The anomalies drilled in this program extend over a distance of 35
kilometres and test several conductors along and parallel to the north-northwest
trending Maybelle River linear that is known to host economic concentrations of
uranium mineralization.

The six EM anomalies were previously profiled by ground induced polarization
surveys prior to drilling to identify areas of low resistivity and high
chargeability, which can be related to clay alteration that may be associated
with unconformity-type uranium mineralization. While none of the eight drill
holes intersected economic concentrations of uranium mineralization, a number of
holes intersected significant alteration and one of the drill holes (R130107)
intersected anomalous concentrations of uranium (34ppm over 4m including 55ppm
over 1m) in sedimentary rocks immediately above the unconformity with the
underlying basement pegmatite. Management of Red Dragon and UraMin are
encouraged by this initial drill program and are planning additional ground
geophysical surveys and diamond drilling in the second half of 2007.

The Rea Project consists of a large exploration package (446,330 acres) covering
the under explored western margin of the Athabasca basin in northeastern
Alberta. The project surrounds the high-grade Maybelle River deposit held by
AREVA. The Maybelle River deposit has a reported drill intersection of greater
than 20% U3O8 over 5 metres. The Athabasca Basin is host to some of the world's
largest and richest uranium mines and currently contributes about 32% of the
world's uranium supply; past production and resources total almost 1.5 billion
pounds of U3O8.

despite the gibberish, the results sound less than exciting

Be patient...this is just the beginning in Athabasca, cynic.

if UMN are being taken out, it matters not anyway ..... would be very jolly to see VML going the same way

Don't worry, cynic...I am sure VML will be next in line and it is announcing more news soon with all its resolutions approved by its shareholders in its AGM today.

good day on the ranch for me by good fortune ..... DOO, ICI, PMO, TMC and DOW all had/having a strong run

cynic , have you sold out of umn ?

13.06.07: -9, (371) an article in the Guardian reports: UraMin Inc rose 22p to 377p amid speculation that French nuclear firm Areva is the favourite to buy the company, with traders are talking of a take out price above 400p a share. Areva is 79% owned by the Commissariat lergie Atomique, Frances equivalent of the Atomic Energy Authority. UraMin is also reckoned to have been in talks with China National Nuclear Corporation about some form of co-operation.