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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

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.

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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.

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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.

We know were its going ,5 and cgt to pay next year !

Cynic must have a smile on his face now . Time for a chart ?