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.

This could be more like it:

UraMin Inc - Acquisition
RNS Number:6235CUraMin Inc08 May 2006 UraMin Inc. ('UraMin' or 'the Company') URAMIN ACQUIRES A 90 PER CENT. INTEREST IN THE BAKOUMA URANIUM DEPOSIT IN THE CENTRAL AFRICAN REPUBLICThe Board of UraMin is pleased to announce that it has agreed to acquire a 90per cent. interest in a mineral exploitation licence over the Bakouma UraniumProject in the Central African Republic ('CAR') for an investment of US$27million including exploration commitments to be applied over a 12 month period.The licence permits UraMin to develop the deposit to feasibility study and tocommence mining operations. In addition, the Mining Convention entered intowith UraMin provides, inter alia, a fiscal regime for the mining operation.The results of the URCA feasibility study dated 22 February 1977 on the propertyindicate that the Bakouma Uranium Project has a mineable inventory (described inthe URCA study as a 'global reserve' and further defined as 'mineable reserves'after mining dilution and losses have been taken into account) in excess of 41million pounds of U3O8 at an average grade in excess of 0.27 per cent. of U3O8.The reported cut off grade is 0.1 per cent. U3O8. These historical estimateshave yet to be verified by an additional work programme planned by UraMin and,as a result, these estimates are not compliant with the requirements of themajor mining codes as they exist today.The Directors believe that previous work done on the project in the late 1970's,will allow the Company to fast track the preparation of its own feasibilitystudy, including confirmation drilling and possible strike extensions. Thepartnership formed with the Government of the CAR and their continuedfree-carried 10 per cent interest in the project will greatly facilitate itsdevelopment and benefit the Bakouma region.Samuel Jonah KBE, Chairman of UraMin stated: 'The Bakouma Uranium Projectrepresents a major change in the Company's profile as it provides UraMin withthe potential to become a near term producer with two projects, Trekoppje inNamibia and Bakouma in the CAR and as a result UraMin has established a platformto become a significant player in the uranium sector.' Ian Stalker, CEO ofUraMin said: 'We have assembled a world class development and operating teamwhich will enable us to complete a feasibility study at Bakouma at a rapid pace.'

Gone from 60 to 135 in no time , graph is going upwards . could be one to be in next year.

What is umn valued at now ? 240 mil ?

Is anybody else on this one ?

UraMin Inc
15 January 2007


15 January 2007

UraMin Inc.

('UraMin' or 'the Company')

High grade drilling results from the Bakouma Uranium Project

UraMin is pleased to announce initial drilling results from the Patricia
deposit, the largest of the 10 uranium deposits making up the Bakouma Project in
the Central African Republic ('CAR'):

High Grade mineralisation was encountered with significant intersections
at the Patricia Uranium Deposit being:

33 m at 0.14% U3O8 from 69 m depth in drill hole PRC004

6 m at 0.41% U3O8 from 42 m depth in drill hole PRC007

64 m at 0.30% U3O8 from 41 m depth in drill hole PRC010, with 8 m at
0.61% U3O8

59 m at 0.34% U3O8 from 32 m depth in drill hole PRC018, with 8 m at
0.88% U3O8

29 m @ 0.20 % U3O8 from 55 m depth in drill hole PRC014

38 m @ 0.26 % U3O8 from 47 m depth in drill hole PRC017

59 m @ 0.34 % U3O8 from 32 m depth in drill hole PRC018

18 m @ 0.30 % U3O8 from 52 m depth in drill hole PRC021

Drilling programme ahead of schedule with 66% of the historically
defined Patricia mineralisation delineated

Open ended mineralisation at depth and high grade intervals identified
indicate potential to exceed the existing historic exploration target of
18,000 tonnes U3O8 for Bakouma

It is anticipated that a NI43 101 compliant resource statement will be completed
on the Patricia deposit during the first quarter of 2007.

In the past six months, UraMin has completed 11,453 meters of reverse
circulation percussion drilling in 119 drill holes. Thus far, a total of 98
drillholes have been completed in the Patricia deposit with a further 21 drill
holes in other deposits. Assay values for 17 of these drill holes have been
received and assay results from 49 drill holes are pending and are expected by
the end of January 2007 with samples for the balance of the holes drilled to
date undergoing sample preparation on site.

The Bakouma Uranium Project consists of ten documented uranium deposits in close
proximity to one another. A review of the studies conducted by Compagnie des
Mines d'Uranium de Bakouma and Societe de l'Uranium Centrafricain between 1969
and 1977 reveals an exploration target in excess of 18,000 tonnes (41 million
lbs) of U3O8 at an average grade in excess of 0.27% U3O8 containing an estimated
18,000 tonnes (41 million lbs) of U3O8.

The aforementioned historic estimates do not comply with NI 43-101 standards and
should not be relied on as they do not use mineral category definitions used in
codes recognized by NI 43-101. Current drilling is focused primarily on
delineating the uranium mineralisation that was previously identified by these
studies for the Patricia Uranium Deposit, which has a historically reported
target of 8,000 tonnes U3O8.

Assay results for the first 17 of the Patricia drill holes have indicated U3O8
values ranging between 0.14% (over 33 meter composite width) to 0.41% (over 6
meter composite width). Within these composited intervals individual samples,
representing vertical intersection widths of 1 meter, range in grade from 0.01%
to as high as 2.1% U3O8. These results confirm the occurrence of uranium
mineralisation at grades and widths similar to that documented by the previous
studies.

In the current drilling program uranium mineralisation has been intersected from
depths below surface ranging from 8 meters to 50 meters extending down to 105
meters (the maximum depth for the results of the drilling thus far) where the
mineralisation is open ended in 8 of the 24 holes reported. UraMin intends to
test this depth extension by deepening certain of the drill holes.

Historical information indicates that the maximum drill depth achieved on the
Patricia deposit was 107 meters. UraMin has improved this and is consistently
reaching depths below 100 meters and extending as deep as 130 meters below
surface where indications of the presence of mineralisation, as determined by
hand held total gamma scintillation counters, exists in these deeper
intersections. These are to be confirmed by XRF assay shortly.

The current 15,000 meter drill programme on Patricia is designed to drill the
deposit on 50 meter centers. Modeling of this deposit is underway and it is
planned to complete a NI 43-101 compliant mineral resource inventory by the end
of March 2007.

Drilling will continue to focus on the Bakouma area to delineate a further
target of 8,000 tonnes U3O8 at the Pato and Pama deposits by mid 2007. In
addition, delineation of uranium mineralisation on a further seven historically
reported deposits will continue in 2007.

Ian Stalker, Chief Executive of UraMin, said:

'Initial exploration results for the Patricia deposit at Bakouma have exceeded
expectations. This work confirms the potential for resources to be delineated
close to the surface making them amenable to extraction using open pit mining
methods. Furthermore the open ended mineralisation and high grade intervals
identified thus far could result in the historical resource target of 18,000
tonnes U3O8 being exceeded.

We believe that the previous work done on the project in the late 1970's, will
allow the Company to fast track the preparation of its own feasibility study,
including confirmation drilling and possible strike extensions. The partnership
formed with the Government of the CAR and its interest in the project will
greatly facilitate its development and benefit the Bakouma region.'

Mr. G M Greenway, Pr.Sci.Nat. (SACNASP), MSAIMM, Divisional Manager of Snowden
Mining Industry Consultants, is the qualified person responsible for the Bakouma
drilling program and has verified the data reported above. Mr Greenway is a
consultant to UraMin, with no interest in the company and has consented to the
inclusion in this announcement of his name in the form and context in which it
appears. Exploration data is acquired by UraMin using best practice quality
assurance and quality control protocols. Reverse circulation percussion chip
assay samples are collected by appropriately qualified personnel and are assayed
at SANAS accredited laboratories in Johannesburg, South Africa; Set Point
Laboratory (SANAS No. T0223) and ISO/IEC 17025, SGS Lakefield Research Africa
(SANAS No. T0169) and Mintek Analytical Services (SANAS No. T0042). U3O8 assays
are performed using x-ray fluorescence spectrometry on a pressed powder pellet.
Quality control procedures follow industry best practice and include the use of
blind control samples.

This is very exciting news-uranium prices are rocketing up. clearly the share to be in for 2007! congrats to the early birds I'm late to the party.

I don't think u r late. There is more to come, moneyplus.

Glad to see a few of you have noticed this one now .

fliper,

I saw their presentation at Minesite earlier this week, and was certainly impressed.

I won't be buying after such a rise though, as I have a self imposed rule never to chase a price, particularly one that has risen so steepl, so will watch and wait, and buy if there's a retracement.

UraMin Inc
17 January 2007


17 January 2007

UraMin Inc.
('UraMin' or the 'Company')

Twelve of the fourteen prospecting licenses applied for in the Ryst Kuil
Channel have been awarded with an exploration target of 60 million lbs U3O8

Additionally fourteen of the twenty seven prospecting licenses applied for
in the greater Karoo area have been awarded, including prospecting licenses
over the Riet Kuil deposit

UraMin is pleased to announce that its joint venture in South Africa has already
commenced preliminary definitive feasibility study work on its Ryst Kuil Channel
uranium project. UraMin's South African joint venture company is now the
beneficiary of twelve of the fourteen prospecting licenses applied for in the
Ryst Kuil Channel, with only two prospecting license applications in the Channel
outstanding. With the award of the additional prospecting licenses UraMin
believes that it now has the potential to develop South Africa's first primary
uranium mine with robust U3O8 production levels in an area highly regarded for
its uranium resource potential.

In addition, the award of prospecting licenses over the Riet Kuil farm
represents a second uranium project for UraMin in South Africa. The Riet Kuil
deposit was identified by Union Carbide during the mid 1970's as an easily
accessible near surface deposit situated approximately 80km north west of the
Ryst Kuil Project. Union Carbide was able to delineate a resource at Riet Kuil,
which resource falls entirely within areas licensed to UraMin's joint venture
company in South Africa.

Ian Stalker, Chief Executive, said 'UraMin and its partners are now positioned,
with the award of the further Ryst Kuil prospecting licences, to consolidate
uranium prospecting licenses granted over the Ryst Kuil Channel, to commence the
resource delineation exercise and to award the definitive feasibility study work
to a suitable consultant. The Ryst Kuil project was evaluated in considerable
detail by Esso Minerals during 1979, which should enable UraMin to adopt a 'fast
track' approach to the project. We believe that the Ryst Kuil Channel will be
developed into a robust uranium mine which could be in production by 2010.'

Great potential...looking cheap at 180p. Huge buying in today

Encouraging article in the Midas on UMN in the Sunday Mail

In a nut shell , what did it say ?

SP holding on this one after a strong run . I think another upward movement due soon maybe to 2.20

I agree with u, fliper.

UMN is starting to gain momentum this morning.

Uranium prices are surveyed and quoted on a weekly basis by various industry watchers. The recent move from $56 to $60 a pound was "the largest weekly increase on record," according to Eric Webb of Ux Consulting. Long- term forecasts of $75 and even $100 a pound now appear justified; uranium would have to trade above $111 a pound to break its inflation-adjusted highs from 1978.

This is more than just subterranean cave-in blues: 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.

Well I did say were this ones heading .

Its hard to believe this share will be trading at 5 in 12 months time .

Fliper-I'm in and holding! trebled since Nov and this is just the beginning. Uranium price still rising-can see this one a lot higher than 5 in 12 months. only my opinion of course.