Value Microcaps Junior Miners

[Bobwins]

AEK.ax becomes part of URRE

http://www.bizjournals.com/denver/blog/earth_to_power/2015/10/shareholders-approve-colorado-uranium-companys.html?ana=yahoo

My little aussie U stock is being merged with URRE. AEK gets 40% of the combined entity. The big attraction for URRE is the Temrezli project in Turkey. Analatolia has moved the project forward and has the support of the Turkish government. They were probably going to struggle to get financing for this low cost(both in capex and operating costs) project.

It's an In Situ recovery process that is much more environmentally benign than underground mining.

URRE has a nasdaq listing and a dormant processing plant that Uranium Resources hopes to be able to ship to Turkey and save some money on the startup. Hopefully they can finance the remaining $30 million and get this project built about the time that U308 recovers in price due to the many nuke powerplants being built in China and elsewhere around the world.