Mesa Uranium Corp (MSAJF)

  
 Mesa Uranium Corp.


Mesa Uranium Corp.

http://www.mesauranium.com/s/Home.asp

Mesa Uranium Corp.      

   
   
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     December 07, 2010
Mesa Uranium Closes Private Placement
     December 07, 2010 -- Mesa Uranium Corp. (TSXV: MSA) ("Mesa" or the "Company") is pleased to announce it has closed the previously announced non brokered private placement of 1,300,000 units (the "Units") at a price of $0.25 per Unit for gross proceeds of $325,000. Each Unit consists of one common share (a "Share") in the capital of Mesa and one non-transferable common share purchase warrant (a "Warrant"). Each whole Warrant entitles the holder thereof to purchase one additional common share (a "Warrant Share") in the capital of Mesa at a price of $0.35 per Warrant Share. The Warrants will expire 24 months from the date of issue unless the closing price of the common shares has been $0.50 or higher for 20 consecutive trading days, in which case the Warrants will expire if not exercised within 30 days. The securities issued under the Offering are subject to a four month hold period expiring April 6, 2011.

Proceeds from the Offering will be used to advance Mesa's exploration projects and for general working capital. Certain insiders of the Company participated in the offering.

About Mesa Uranium
Mesa is exploring a portfolio of premier uranium, lithium and potash properties in the United States where it controls significant land holdings. All projects are within proven mining districts with excellent access and infrastructure. For further information please visit our website at www.mesauranium.com.

ON BEHALF OF THE BOARD
MESA URANIUM CORP.


(signed) Foster Wilson, President and CEO

This news release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, including the likelihood of commercial mining and possible future financings are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include unsuccessful exploration results, changes in metals prices, changes in the availability of funding for mineral exploration, unanticipated changes in key management personnel and general economic conditions. Mining is an inherently risky business. Accordingly the actual events may differ materially from those projected in the forward-looking statements. For more information on the Company and the risks and challenges of its business, investors should review the Company's annual filings that are available at www.sedar.com

For further information call:

Susan Bertling, Corporate Communications, 604-688-7508

The TSX Venture Exchange has neither approved nor disapproved of the contents of this news release.
 
    

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Capital Structure

SHARES OUTSTANDING: 10,945,376
SHARES FULLY DILUTED: 12,476,210
INSIDER OWNERSHIP: 34%
TSX-V Symbol: MSA
US Symbol: MSAJF

Mesa Uranium Corp. is exploring a portfolio of premier lithium, uranium and potash properties in the United States. All projects are within proven mining districts with excellent access and infrastructure.

Mesa's Green Energy Lithium Project is located in Grand County, Utah, an ideal climate and environment for a lithium brine operation. The Project is accessible by paved and dirt roads.

Lithium rich brine, grading as high as 1,700 ppm, was first discovered in this area of Utah during oil exploration in the 1960's. Drilling unexpectedly encountered high pressure brine blow-outs with rates up to 1,000 gallons per minute at a depth of 6,000 feet. Mineral-rich brine flows contained up to 40% dissolved solids and were encountered over 48 square miles centred on the Green Energy Project. The main brine bearing zone, Clastic Zone 31, is not part of any oil reservoir.

Historical reports on the brine occurrence in Clastic Zone 31 suggested a potential for at least 15 million barrels with an upside of hundreds of million of barrels of brine. In addition to the known brine occurences, Mesa also plans to explore previously untested synclinal features for brine. With attractive lithium values grading as high as 1,700 ppm (comparable to Silver Peak, the only lithium mine in America), the Company believes the Green Energy Project could have world class potential for commercial production of lithium.

Investment Highlights
 

• Low market capitalization -- attractive entry point

   

• Insiders control 34%, strong private shareholder base

   

• Only 10,945,376 shares issued and outstanding, 12,476,210 fully diluted

   

• Large land packages in Utah and Arizona -- 100% controlled projects.

   

• Lead Project: Green Energy Lithium -- highly prospective mineral-rich brine.

   

• Portfolio of premier Lithium, Potash and Uranium projects.

   

• Experienced mining, exploration, permitting, development and finance team.

   

• Stong board of directors with proven track records in the industry.

   

• All projects are in mine-freindly jurisdictions with good access and infrastructure.

  Solid Fundamentals for Lithium, Potash and Uranium

   

• Lithium is experiencing a growing surge in demand for use in batteries in electric vehicles, cell phones and laptop computers.

   

• Potash is irreplaceable as a fertilizer, potash is vital increasing crop yields and growing healthy plants. Global population is set to rise from 6.8 billion to more than 9 billion by 2050, coincident with decreasing arable lands.

   

• Nuclear power is the only practical green energy source, globally the industry is seeing massive demand for new power plants

 Mesa Uranium Corp.
(TSX-V: MZU) is an exploration company exploring for uranium
in the Colorado Plateau region of the United States.
The principal project is located in the Lisbon Valley Mining
District, the second largest uranium producing district
in the United States.
Mesa's land position is in excess of 30,000 acres
(46 square miles) in prolific uranium districts in Utah
and Arizona.

Lisbon Valley Project
Mesa Uranium's 30 square mile Lisbon Valley Project
is located in the Lisbon Valley Mining District.
Over 85 million pounds of uranium oxide (U3O8) were produced
in the district at an average grade of 0.4% U3O8
(8 pounds per ton).
Mesa Uranium is currently drilling several target areas
throughout the district.

http://www.mesauranium.com/i/pdf/MesaPresentation.pdf

http://www.mesa-uranium.com







Historc uranium & vanadium mines -


A Little Moab History -
In early 1952 an unemployed Texas geologist named
Charley Steen discovered one of the the mines in the
World's largest concentrations of uranium ore
near Moab, Utah.
Steen became an instant millionaire and set off a modern
day mining boom -
His Mi Vida Mine is famous for sitting in the largest
high-grade pitchblende (uranium) ore body ever discovered
at that time in the United States,
last valued at more than 160 Million (1953 dollars -
about $1.6 Billion in 2007 fiatz-dollars)....


Charlie Steen's Mi Vida Uranium Mine;
Mi Vida - this old uranium mine Lady started
the whole uranium boom in the Moab area -



This discovery unleashed a massive "uranium boom" on
the Colorado Plateau, and turned tiny Moab, UT into
"the uranium capital of the world."
The mine closed in the 1980s.

High grade ore from the Mi Mida Mine,
Lisbon Valley, Utah


Pitchblende from the Mi Vida Mine -
Lisbon Valley Utah




Carnotite uranium ore from Lisbon Valley, Utah


Electric power infrastructure, Lisbon Valley, Utah -

The old uranium & vanadium mines were discovered and
uranium mining had just started when US Gov. said,
the Gov. the inventorie -
is now filled -
and we don't need any more U3O8 for the bombs for some years,
so you may close down the mines now.






Moonshine Springs Project -
The 5 square mile Moonshine Springs Project
is located in Mohave County, Arizona
and was previously explored by Exxon Minerals.
Exxon drilled several holes on the project,
the best hole intercepted six feet grading 0.4% U3O8
(8 pounds per tons).
Dennison Mines owns the neighboring Moonshine Springs uranium
deposit (2.5 million pounds U3O8) located
approximately 1 mile from the project.
Permitting is ongoing with drilling planned for 2007.

Breccia Pipe Project -
The Project is located in Mohave and Coconino counties,
Arizona and consists of several targets in
an 11 square mile area.
The Arizona Strip, as the area is known, was the highest grade
district in the United States, producing over 20 million pounds
of U3O8 at an average grade of 0.65% (13 pounds per ton).

September 08, 2010  Mesa Engages Continental Metallurgical Services September 02, 2010  Mesa Uranium Signs Definitive Agreement on the Holbrook Potash Project August 25, 2010  Mesa Signs Letter of Intent to Acquire Potash Project July 14, 2010  Mesa Signs Letter of Intent on the Holbrook Potash Project June 21, 2010  Mesa Receives Drilling Permit at Moonshine Springs, Arizona April 20, 2010  Mesa Initiates Permitting for Green Energy Lithium Project March 17, 2010  Green Energy Lithium Project Expands December 17, 2009  Green Energy Lithium Project Update December 01, 2009  Closes Private Placement November 25, 2009  Announces Private Placement November 20, 2009  Closes Private Placement with Pinetree Resource Partnership November 10, 2009  Private Placement Announced November 04, 2009  Acquires Green Energy Lithium Project May 27, 2009  Acquires Additional Potash Projects in Utah January 22, 2009  Acquires Arizona Potash Exploration Permits September 15, 2008  Acquires Utah Potash Project, Consolidates Shares July 23, 2008  Mesa Uranium Announces Closing of Private Placement May 30, 2008  Mesa Uranium Announces Private Placement May 22, 2008  Mesa Uranium Signs Definitive Joint Venture Agreement with Energy Fuels May 07, 2008  Mesa Uranium Conducts Radon Survey at Moonshine Springs, Arizona February 26, 2008  Mesa Uranium Expands Land Holdings, Forms WellProbe Geophysical With New Horizon Uranium January 08, 2008  Mesa Uranium Drills Significant U3O8 In Arizona November 15, 2007  Mesa Uranium Begins Drilling Moonshine Springs Uranium Project in Arizona November 14, 2007  Mesa Uranium Extends Mineralization Around L-15 Discovery Hole - RAD Target Area Drilling October 04, 2007  Mesa Uranium Begins Step-out Drilling On Uranium Discovery October 02, 2007  Mesa Uranium Updated In Jay Taylor's Energy Newsletter September 13, 2007  Mesa Uranium Corp. Appoints Mr. Joseph Giuffre to Board of Directors September 10, 2007  Mesa Uranium Drills 17.5 Feet Grading 0.11% U3O8 July 04, 2007  Mesa Uranium Retains AGORACOM To Provide Investor Relations June 27, 2007  Mesa Uranium Signs Second LOI with Energy Fuels Inc. June 18, 2007  Mesa Uranium Begins Drilling At Lisbon Valley Project June 05, 2007  Mesa Uranium Signs LOI with Energy Fuels Inc. May 04, 2007  Mesa Uranium Acquires Arizona Breccia Pipe Targets April 23, 2007  Mesa Uranium Lisbon Valley Project Drilling Program April 18, 2007  Mesa Uranium Acquires Additional Land at Moonshine Springs April 11, 2007  Mesa Uranium Closes $3 Million Private Placement March 16, 2007  Mesa Uranium Announces Private Placement March 01, 2007  Acquisition of Exploration Data February 19, 2007  Acquisition of Arizona Project February 06, 2007  North Alice Drilling Results December 15, 2006  Mesa Uranium Profiled on BTV December 13, 2006  Exploration Program Update November 29, 2006  Commences Drilling At North Alice And Texwood November 24, 2006  Drill Permits Granted for North Alice and Texwood Targets November 14, 2006  Acquisition Of State Lease In Lisbon Valley Utah October 25, 2006  Mesa Uranium Drill Results October 04, 2006  Mesa Uranium Management Appointments September 28, 2006  Mesa Uranium Expands Exploration Program September 20, 2006  Mesa Retains Longview Strategies To Provide Investor Relations September 14, 2006  Mesa Uranium Intersects Uranium In Drilling August 17, 2006  Mesa Uranium Drilling Results for Three Holes July 26, 2006  Mesa Uranium Drilling Update, District Developments May 31, 2006  Mesa Uranium Commences Drilling at the Lisbon Valley Project May 24, 2006  Mesa Uranium Receives Drilling Permit May 17, 2006  Mesa Uranium Acquires Additional Claims in Lisbon Valley Utah April 24, 2006  Mesa Uranium Warrants Commence Trading April 24, 2006 April 21, 2006  Mesa Uranium Selects Drilling Contractor April 05, 2006  Field Work Commences on Uranium Project February 07, 2006  Mesa Uranium Announces Appointment Of Vice President, Exploration January 31, 2006  Permitting Initiated For The Lisbon Valley Uranium Project December 21, 2005  Completion Of Acquisition Of Uranium Assets

http://www.mesauranium.com