"The Corporation also owns a 50% interest in the Karatau joint venture, which owns the Karatau Uranium Mine in Kazakhstan, and a 30% interest in the Kyzylkum joint venture, which owns the Kharasan Uranium Project in Kazakhstan. In the United States, the Corporation owns projects in the Powder River and Great Divide Basins in Wyoming. In Australia, the Corporation owns a 51% interest in the Honeymoon Uranium Project."
Uranium One could be our potential partner, however I also found CCJ-Cameco has the same chance.Because "Major North Amercian" should include Canada. Anyway I believe the upcoming agreement will shock the market a bit, just like the MHM technology.
(NYSE:CCJ) is the world's largest producer of U3O8 uranium, a mineral whose only commercial use is to fuel nuclear power plants, and the second largest uranium producer in the world, behind Rio Tinto (ASX:RIO). Nuclear power accounts for about 15% of the world's electricity, and Cameco accounts for 16% of world uranium production[1], with 500 million pounds of proven and probable reserves.[2]
UXA Price at posting:
5.5¢ Sentiment: LT Buy Disclosure: Held
