fringe_remnant
17 years ago
Artha to option four U3O8 properties from Energy Metals
2007-06-21 14:43 ET - News Release
Mr. Todd McMurray reports
ARTHA SIGNS LOI WITH ENERGY METALS ON FOUR URANIUM PROPERTIES
Artha Resources Corp. has signed a letter of intent (LOI) with Energy Metals Corp. of Vancouver dated June 20, 2007. Pursuant to this agreement Artha can earn up to a 70-per-cent interest in the Clarkson Hill, WY, DCB and the BL uranium properties located in Wyoming.
Artha is a capital pool company and intends that this transaction constitutes its qualifying transaction under the rules of the TSX Venture Exchange. As the acquisition is not a non-arm's-length qualifying transaction, Artha will not be required to obtain shareholder approval under the exchange policies.
The properties
Clarkson Hill (qualifying property)
The Clarkson Hill property is located on the southern edge of the Wind River basin, 26 miles from Casper in Natrona county, Wyoming.
Roll-front-type uranium mineralization was discovered during the 1950s with a small amount of ore mined and shipped for treatment from the old pit area on the property. In 1960, Nuclear Reserve Inc. (Petro Nuclear) and Mineral Exploration Co. (MEC), a subsidiary of Union Oil, entered into a joint venture and carried out exploration on the property including a significant drilling program. These and previous companies are reported to have drilled an estimated 383 holes including 21 core holes for a total of 124,565 feet.
REVOLUTION2012
18 years ago
During a phone conversation, nearly a year ago with chairman Bill Sheriff, we asked him whether his company was open to be taken over. At the time, Energy Metals traded for about one-quarter of its present market price. Sheriff snorted in response, “No way!” Asked at what price he would consider an offer, he answered, “At $20/share, maybe, but I doubt it.” For now, Energy Metals is safely below $20, but perhaps not much longer. Reid wrote that Energy Metals is making new all-time highs and that he foresees a potential toward the upper end of the stock’s trading channel – about C$15+ per share.
fringe_remnant
18 years ago
Fabulous
I think I'll take a look at the charts this weekend.... it's in a huge channel and has been for some time now, but just want to check out the potential behind this break. It's been trading in the upper half of the chanel for some time now, very aggresive. This news, if it bears out, could take EMC into a new technical phase.
I got a feelin', way down deep inside. Oh yeah.
Also worth looking at the other U308's, the producers and succcessful fundraisers doing assays on good ground, in the group now.
fringe
REVOLUTION2012
18 years ago
Energy Metals Announces First Uranium Sales Agreement
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 1, 2007) - Energy Metals Corporation (TSX:EMC)(NYSE Arca:EMU) is pleased to announce that it has entered into a definitive agreement for the supply of uranium concentrate with a leading US nuclear utility. The contract covers the sale of 1,400,000 pounds of U3O8 for delivery over a six-year period beginning in 2010. The terms include market related pricing along with floor price protection.
Energy Metals Hobson/Palangana uranium project is scheduled to start production in 2008. At the EMC's fully licensed Hobson Uranium Processing Facility site in Texas, CCC Group Inc. of San Antonio has been awarded the contract for construction of new and renovated facilities. Mobilization and site specific safety training for their crews will begin next week. All baseline water quality wells are now installed at La Palangana and water quality sampling of these wells is ongoing. Ore delineation and development work continues with 5 drilling rigs.
In Wyoming where Energy Metals is preparing its properties for production in 2009-2010, baseline environmental studies of the Moore Ranch Project in the Powder River Basin are advancing along schedule. The completion of all site characterization programs is anticipated in August, 2007. Similarly, baseline environmental studies at the Antelope Project in the Great Divide Basin continue with completion of these studies scheduled for January, 2008. Ore delineation is ongoing at the Peterson Project (PRB) with three drilling rigs.
"I am very pleased that Energy Metals has entered into the first agreement with a major US utility to supply uranium. This agreement is a strong evidence of industry acknowledgement of our production schedule and capabilities. It is a clear sign that Energy Metals is ready to enter the league of uranium producers. The terms of the agreement will also allow Energy Metals to benefit from upward uranium price. This significant endorsement has demonstrated that we are on the right track of creating strong and long-term domestic uranium production centres in the United States," noted Paul Matysek, President and Chief Executive Office of Energy Metals Corporation.
Energy Metals Corporation is a NYSE Arca and TSX listed company focused on advancing its industry leading uranium property portfolio towards production in what is the world's largest uranium consumer market, the United States of America. Energy Metals Corporation has extensive advanced property holdings in Wyoming, Texas and New Mexico that are amenable to ISR (in-situ recovery). This form of uranium mining was pioneered in Texas and Wyoming and utilizes oxygenated groundwater to dissolve the uranium in place and pump it to the surface through water wells. Energy Metals is currently developing the La Palangana uranium deposit and upgrading the Hobson Uranium Processing Plant in Texas for an anticipated 2008 production date. Energy Metals is also actively advancing other significant uranium properties in the States of Colorado, Utah, Nevada, Oregon and Arizona.
Information Regarding Forward-Looking Statements: Except for historical information contained herein, the statements in this Press Release are forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, which may cause Energy Metals' actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things: volatility of natural resource prices; product demand; market competition and risks inherent in the company's operations. These and other risks are described in the Company's public filings with Canadian Securities Regulators available at www.sedar.com and with the Securities and Exchange Commission available at www.sec.com.
Copyright (C) 2007 by Energy Metals Corporation. All rights reserved.
http://www.ccnmatthews.com/news/releases/show.jsp?action=showRelease&searchText=false&showTe...
frenchee
18 years ago
I got short today at the close. Think the candlestick pattern today is a hanging man which is bearish. In addition, price trend is up while volume trend is down. This implies the EMU market is actually weak because short sellers are covering positions, causing a rally, and money is probably leaving the marketplace. Lastly, several negative divergences between EMU's momentum indicators and price. This usually resolves with price retracing. IMO, this would be a good place for longs to take a profit...
Arctec
18 years ago
Energy Metals to List on NYSE Arca
NR-06-36
Vancouver, British Columbia, November 27, 2006: Energy Metals Corporation (TSE:EMC) is pleased to announce that its Board of Directors has unanimously voted to list on NYSE Arca, Inc. The company will begin trading on the NYSE Arca on November 29, 2006 under the symbol "EMU". The company's shares will continue to be listed and traded dually on the Toronto Stock Exchange under the symbol "EMC". The NYSE Group provides investors and traders a choice in the trading of listed stocks and a broader offering of functionality and flexibility than any other market. Increased liquidity, price discovery, speed, efficiency and tight spreads highlight the exchange's services. NYSE Arca is a choice that combines the best traits of current market structures with revolutionary technology. The result is a faster, more transparent, more consistent market. NYSE Arca also provides a fully automated, totally transparent opening auction and closing auction for all stocks. The NYSE Arca offers trading hours from 4am EST through 8pm EST offering an opportunity for foreign investors to conveniently trade in listed equities.
"By listing Energy Metals Corporation on NYSE Arca we have reached an important milestone in the recognition of the company's continuing growth. With this listing we will be reaching investors previously unavailable to us and will attain a greatly enhanced visibility within the worldwide investment community," stated Paul Matysek, President and CEO of Energy Metals Corporation. "Energy Metals Corporation is one of only two primary uranium companies listed within the NYSE Group and the only such listing on the NYSE Arca. We are proud to join the NYSE Arca and look forward to the opportunities presented by this listing."
About NYSE Group, Inc.
NYSE Group, Inc. (NYSE: NYX) is a holding company that, through its subsidiaries, is a leading global multi-asset financial marketplace that operates multiple securities market centers, including the New York Stock Exchange (the "NYSE") and NYSE Arca (formerly known as the Archipelago Exchange, or Arca Ex(r), and the Pacific Exchange). Through these market centers, the NYSE Group is a leader in securities listings, market-information products and services, and offers a range of investment vehicles and order execution services.
The NYSE is the world's largest and most liquid equities market where customers can choose between the floor-based auction market and sub-second electronic trading. The NYSE provides a reliable, orderly and efficient marketplace where investors meet directly to buy and sell listed companies' common stock and other securities. On an average day, over 1.8 billion shares valued at more than $69 billion trade on the NYSE, where the total global market capitalization for its listed companies is $22.5 trillion.
NYSE Arca is the first open, all-electronic stock market in the United States enabling customers to trade equity securities, including those listed on NYSE Arca, the NYSE and other U.S. equities markets, and options products. NYSE Arca's trading platform links traders to multiple U.S. market centers where buyers and sellers meet directly in a highly-liquid electronic environment without intermediaries for fast order execution and open, direct and anonymous market access.
NYSE Regulation, an independent not-for-profit subsidiary, regulates member organizations through the enforcement of marketplace rules and federal securities laws. NYSE Regulation also ensures that companies listed on the NYSE and NYSE Arca meet their financial and corporate governance listing standards.
About Energy Metals Corporation
Energy Metals Corporation
Energy Metals Corporation is a TSX-listed Canadian company focused on advancing its industry leading uranium property portfolio towards production in what is the world's largest uranium consumer market, the United States of America. Energy Metals has extensive advanced property holdings in Wyoming, Texas and New Mexico that are amenable to ISR (in-situ recovery) along with one of the industry's leading and most experienced ISR technical teams led by Dr. Dennis Stover. This in-situ form of uranium mining was pioneered in Texas and Wyoming and utilizes oxygenated groundwater to dissolve the uranium in place and pump it to the surface through water wells. Energy Metals is currently developing the La Palangana uranium deposit and upgrading the Hobson Uranium Processing Plant in Texas for an anticipated 2008 production date. Energy Metals is also actively advancing other significant uranium properties in the States of Colorado, Utah, Nevada, Oregon and Arizona.
For further information, please contact:
Energy Metals Corporation
Paul Matysek, CEO and President: (604) 684-9007
Bill Sheriff, Chairman: (972) 333-2214
Information Regarding Forward-Looking Statements: Except for historical information contained herein, the statements in this Press Release are forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, which may cause Energy Metals' actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things: volatility of natural resource prices; product demand; market competition and risks inherent in the company's operations. These and other risks are described in the Company's public filings with Canadian Securities Regulators available at www.sedar.com and with the Securities and Exchange Commission available at www.sec.com.
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dealerschool2006
18 years ago
