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Crosshair is a junior exploration and development company focused on uranium in both the US and in Canada. The Company also continues to advance its gold and Volcanic Hosted Massive Sulphide (VHMS) projects in Newfoundland. Crosshair recently combined businesses with Target Exploration and Mining Corp. creating a well-funded, low-cost, growth-oriented, uranium company with a defined timeline to production in one of the most uranium mining friendly jurisdictions in North America. The new company will focus on advancing the Bootheel Project in Wyoming towards production. An initial resource estimate has been completed for the Bootheel project which includes an indicated resource of 1.09 million pounds of uranium (1.44 million tonnes grading 0.038% U3O8) and an inferred resource of 3.25 million pounds of uranium (4.40 million tonnes grading 0.037% U3O8). The resource remains open for expansion with less than 60% of the historical resource area included in this initial estimate. Crosshair also controls 7133 claims (178,325 hectares) in the Central Mineral Belt (CMB) of Labrador, where the company has already successfully drilled several uranium targets demonstrating the multi-deposit potential of the Property. The CMB Project also includes several existing NI 43-101 uranium resources that are open for expansion. Crosshair currently trades on the Toronto Stock Exchange as CXX and the NYSE Amex as CXZ.
http://www.uic.com.au/ http://www.worldenergy.org/wec-geis/ http://www.iaea.org/ http://www.nea.fr/ http://www.wna-waste-management.org/ www.cna.ca/english/index.asp www.intluranium.com www.uraniumseek.com www.world-nuclear.org www.nei.org www.uxc.com
Since the development of the first atomic bomb in the 1940's by the US government, uranium has become a critical, peaceful energy source. Concerns over shortage of oil and gas, and environmental issues regarding greenhouse gas emissions, have fuelled a new interest in nuclear energy as the source of power to meet current and future global demand for electricity. The following eight countries account for 93% of global uranium production (2007 figures): Canada (23%), Australia (21%), Kazakhstan (16%), Russia (8%), Niger (8%), Namibia (7%), Uzbekistan (6%), USA (4%).