U3O8 Corp. is pleased to announce that it has entered into an agreement with Dundee Securities on behalf of a syndicate of underwriters including Clarus Securities Inc. and PowerOne Capital Markets under which the Underwriters have agreed to purchase on a bought deal private placement basis 16,700,000 units at a price of $0.60 per Unit for total gross proceeds of $10,020,000. The Underwriters have been granted the option [...]
U3O8 Corp., a Canadian-based company focused on exploration and resource expansion of uranium and associated commodities in South America, reports a maiden National Instrument 43-101 resource estimate on its Berlin Project in Colombia. The resource was prepared by Coffey Mining Pty Ltd based on 82 bore holes for 18,685 metres drilled on the southern three kilometres of the 10.5km mineralized trend at Berlin.
U3O8 reports exceptional metallurgical test results on the Berlin Project in Colombia. Recoveries of 97% for uranium, 97% for phosphate and 79% for vanadium were achieved from initial metallurgical testwork from six tests undertaken on two different composite samples. Uranium, phosphate and vanadium constitute approximately two thirds of the in situ value of the mineralized rock at Berlin.
TORONTO, ONTARIO -- (Marketwire) -- 12/06/11 -- U3O8 Corp. (TSX VENTURE: UWE), a Canadian-based company focused on exploration and resource expansion of uranium and green commodities in South America, has signed a letter of intent with U3O8 Limited ('UTO'), an Australian uranium exploration company, to form a joint venture to explore U3O8 Corp's Sierra Cuadrada Project in Chubut Province, Argentina (Figure 1). Through
Metallurgical Results Being CorroboratedTORONTO, ONTARIO -- (Marketwire) -- 11/23/11 -- U3O8 Corp. (TSX VENTURE: UWE), a Canadian-based company focused on exploration and resource expansion of uranium and associated commodities in South America, reports on its Berlin Project in Colombia that:
Advances Towards Updated Uranium Resource Estimate
TORONTO, ONTARIO -- (Marketwire) -- 11/10/11 -- U3O8 Corp. (TSX VENTURE: UWE), a Canadian-based company focused on uranium exploration and resource expansion in South America, reports results from infill drilling from the one kilometre ('km') long Aricheng West structure in the Kurupung Batholith in Guyana (Figure 1). These drill results are being incorporated into a National Instrument 43-101 ('NI 43-101') resource estimate presently underway, with the aim of increasing the current uranium resource(1) in the Kurupung Project.
Trench Results Continue to Show Potential Along the 10.5km Mineralized Trend
TORONTO, ONTARIO -- (Marketwire) -- 10/27/11 -- U3O8 Corp. (TSX VENTURE: UWE) a Canadian-based company focused on exploration and resource expansion of uranium and associated commodities in South America, reports assays from a further 17 bore holes in the 19,000 metre ('m') infill drilling program completed in the southern part of the Berlin Project, Colombia, as well as from additional trenching in the northern part of the mineralized trend. These data are being incorporated into the first National Instrument 43-101 ('NI 43-101') resource estimate undertaken on the property since the historic resource1 of 12.9 million tonnes at an average grade of 0.13% U3O8 (38 million pounds ('mlb') U3O8). The historic resource was estimated on the southernmost 4.4 kilometres ('km') of a 10.5km long mineralized trend and did not include estimates for other commodities that occur with the uranium.
Rapid Extraction Using Alkaline Leaching Could Benefit the Economics of Project
TORONTO, ONTARIO -- (Marketwire) -- 09/21/11 -- U3O8 Corp. (TSX VENTURE: UWE), a Canadian-based company focused on exploration and resource expansion of uranium and associated commodities in South America, reports positive alkaline leach results on the uranium- and vanadium-bearing gravels from the Guanaco area of the Laguna Salada Project, Chubut Province, Argentina, which show:
Uranium, Vanadium, Phosphate & Rare Earth Mineralization Continue Along Strike & Across the Syncline
TORONTO, ONTARIO -- (Marketwire) -- 09/08/11 -- U3O8 Corp. (TSX VENTURE: UWE) a Canadian -based company focused on exploration and resource expansion of uranium and associated commodities in South America, reports assays from further trenching and another 21 bore holes in the 19,000 metre ('m') infill drilling program underway on the Berlin Project in Caldas Province, Colombia. The Berlin Project contains a sediment - hosted, multi-commodity prospect with a historic resource(1) of 12.9 million tonnes at an average grade of 0.13% U3O8(38 million pounds ('mlb') U3O8) estimated on the southernmost 4.4 kilometres ('km') of a 10.5km long mineralized trend. This historic work did not include estimates for other commodities, such as vanadium, phosphate, rare earth elements, molybdenum and rhenium, which occur with the uranium.
Enhances Breadth of South American Experience to Advance Company's Rapid Growth Plans
TORONTO, ONTARIO -- (Marketwire) -- 08/24/11 -- U3O8 Corp. (TSX VENTURE: UWE), a Canadian-based company focused on exploration and resource expansion of uranium and associated commodities in South America, is pleased to announce the appointment of Gabriel Bastias to Vice President of Exploration, Elpidio Reis to Chief Operating Officer and Hugo Bastias to Executive Vice President.
Estimation Underway Towards Goal of Increasing Current Uranium Resource
TORONTO, ONTARIO -- (Marketwire) -- 09/01/11 -- U3O8 Corp. (TSX VENTURE: UWE), a Canadian-based company focused on uranium exploration and resource expansion in South America, reports results from the infill drilling program completed on the Aricheng C area in the Kurupung Batholith in Guyana (Figure 1). Resource estimation has started on data from Aricheng C, while infill drilling is progressing well on the next mineralized zone - Aricheng West - towards the goal of increasing the current National Instrument 43-101 ('NI 43-101') uranium resource(1) on the Kurupung Project.
TORONTO, ONTARIO -- (Marketwire) -- 07/26/11 -- U3O8 Corp. (TSX VENTURE: UWE), a Canadian-based company, focused on exploration and resource expansion of uranium and associated commodities in South America, reports uranium recoveries of 82% from the first phase of ongoing metallurgical testwork on the Kurupung Project in Guyana by SGS Minerals Services ('SGS') in its Lakefield, Ontario, laboratory.
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