Archive for the ‘Utah Uranium Corp. UTUC’ Category

Utah Uranium Corp. (UTUC.OB) Enters Negotiations to Joint Venture on Potash Property

Wednesday, April 30th, 2008

Utah Uranium Corp. (UTUC.OB), a Utah-based junior exploration and development company focused on the acquisition of highly sought after, energy-related opportunities, recently announced the company’s acquisition of the Ernestina Lake Potash property in Alberta, Canada. This property includes 192,000 contiguous hectares (474,400 acres) of potash claims, east of the town of Unity, Saskatchewan, the site of Canada’s first potash mine.

Since the acquisition, Utah Uranium Corp. has received several joint venture inquiries and is currently moving forward with discussions with more than one potential partnership group. The company’s management team is conducting their due diligence to ensure quickest development of the project in order to generate revenue and produce rewards for shareholders.

Utah Uranium Corporation is focused on the acquisition of past-producing uranium mines that can be brought back into production in the near term with low capital expenditure. All of the mines currently in the company’s acquisition pipeline are within economic haul distances of the White Mesa Mill in Blanding, Utah, owned by Denison Mines. The white Mesa Uranium Mill is currently the only operating uranium mill in the United States.

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Beacon Equity Research Featured Company: Utah Uranium Corp. (UTUC.OB)

Thursday, January 10th, 2008

Utah Uranium Corp. (UTUC.OB) was founded in 2001. The natural resource company is focused on the acquisition, exploration and development of uranium properties in the US. The Company’s primarily acquires past-producing underground uranium mines, highly prospective new uranium projects, and vanadium projects.

One of Utah Uranium’s properties is the Henry Mountains Complex, one of the largest known uranium resources in the Colorado Plateau District. Ted Murer, an exploration geologist who discovered the complex’s first mine in the 1980s (the Tony M Mine), has assembled the Company’s Pinto claim. Mr. Murer has utilized the same data and methodology as the Tony M Mine and the Bullfrog Mine. Both mines are also part of the complex.

Utah Uranium has the mining rights to five properties with strong uranium potential throughout Utah and Colorado. All of their properties that cover 10,255 acres are within economic hauling distance. Three of the Company’s five projects have already produced uranium in the past. The re-development of these projects has been made economically viable because of a strong uranium demand and pricing environment.

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