Athabasca Uranium Inc (ATURF)

[Pro-Life]

Sector info...

Uranium Price Gap Widens

http://uraniuminvestingnews.com/11849/uranium-price-gap-widens.html

Tuesday July 3, 2012, 1:09pm PDT IBTimes reported June was a slow month in uranium as the yellowcake remained largely untraded and the gap between buyers and sellers widened.

As quoted in the market news:

“Spot prices barely budged on the 15 transactions reported in June by industry consultant TradeTech, with sellers unwilling to drop their prices and buyers not willing to pay more.

With traders comprising the vast majority of both buyers and sellers in the bulk of the transactions reported over the past several months, TradeTech notes the spot uranium price remains stuck between the lack of committed buyers and what are fairly unmotivated sellers at current levels.

[Pro-Life]

Good presentation... TY!!!

[Mr. Zen]

Todd Hanas, Director of Corporate Development, of Athabasca Uranium (OTCQX:ATURF) presents at the RedChip Small cap Virtual conference on June 14, 2012

[Mr. Zen]

Athabasca Uranium encounters additional uranium intervals at Keefe Lake


Press Release: Athabasca Uranium Inc. – 2 hours 7 minutes agoCompanies:Athabasca Uranium Inc.RELATED QUOTESSymbol Price Change
UAX.V 0.135 0.00


TSXV: UAX
OTCQX: ATURF

VANCOUVER , June 26, 2012 /CNW/ - Athabasca Uranium Inc. ("Athabasca" or the "Company") is pleased to provide an update on the Keefe Lake Uranium Project in the Athabasca Basin, Saskatchewan. The Company has received the results of the lithogeochemical and PIMA/clay alteration samples and has conducted further analysis on Hole KEF-12-08, which was drilled to a depth of 553 metres (374 metres beyond the unconformity), as first reported on April 30, 2012 . Basement alteration was found to continue beyond the expected regolith alteration to the bottom of Hole KEF-12-08, which was drilled to test the extent of alteration encountered at the bottom of Hole AU4-01, which was drilled to a depth of 402 metres in 2011.

Drill Hole KEF-12-08 confirmed the base metal enrichment (Lead, Cobalt, Arsenic and Nickel) in the sandstone, which was encountered in Hole AU4-01. In addition to confirming the elevated uranium enrichment (112ppm U* over 2 metres) at approximately 400 metres depth which was encountered in Hole AU4-01, two other zones of anomalous uranium mineralization were encountered at a greater depth. These additional intervals, listed below, are associated with hematite alteration and fracturing of altered quartzofeldspathic gneiss.


Keefe Lake Drilling 2011-2012
Hole Depth
from (m) Depth to
(m) Width (m) U (ppm)
KEF-12-08 470.9 471.5 0.54 116
KEF-12-08 546.9 547.9 0.5 175
AU4-01 (previously announced) 400 402 2 112


Despite the great depths of the mineralized zones, the Company continues to focus on an unconformity deposit model, believing that the deeper mineralized zone is the "plumbing system" for a shallower deposit; unconformity depths at Keefe Lake are typically at 170 metres. In addition, the discovery of base metal enrichment in the overlying sandstone, and uranium enrichment at depth, as well as the high degree of silicification (which has been repeatedly fractured and healed), is significant in that it indicates that the Keefe Lake Alteration Zone has been subject to multiple hydrothermal alteration events, typical of Athabasca Basin deposits. The target area, which is coincident with a magnetic low feature that extends for several kilometers to the northeast and southwest, appears to extend beyond 325 metres into the basement. All holes at Keefe Lake showed alteration that extended into the basement. The Company will examine petrographic thin sections of core taken in the basement rocks in the area in order to determine the qualitative mineralogical and alteration features of the basement alteration zone.

The Company continues to combine a diverse suite of leading-edge exploration techniques in order to provide direction for additional exploration targets at Keefe Lake. The University Of Saskatchewan Seismology Lab, under the direction of Dr. Zoltan Hajnal , is currently processing data derived from the borehole geophysical survey performed by SEMM Logging. Sonic data, examining the acoustical properties and responses of geological layers, will be used to calibrate and refine the 2D seismic dataset that was instrumental in identifying the high value targets at Keefe Lake.

With regard to the results, UAX President Gil Schneider commented: "The Company is extremely pleased with results to date: uranium grades encountered and the size and scale of the alteration zone at Keefe is remarkable, and are typical of those found in the outer envelopes of major Basin deposits. Athabasca's exploration team will further examine all results with an eye to making a world class discovery."

At Volhoffer Lake, assays determined that weakly radioactive samples encountered at the unconformity were due to thorium mineralization. The Company is evaluating data from the 2012 drilling program and picking new drill targets at Volhoffer that lie along the northeast trending conductor series.

Neil McCallum, P.Geo, of Dahrouge Geological Consulting Ltd., a Qualified Person, has reviewed and approved the disclosure of technical information within this news release.

*2012 samples were analysed by SRC Geoanalytical Laboratories (an SCC ISO/IEC 17025: 2005 Accredited Facility) of Saskatoon for analysis. The uranium content above is by ICP-MS (partial digestion).

About Athabasca Uranium

Athabasca Uranium Inc. is a uranium exploration and development company exploring an aggregate of over 60,000 hectares strategically located in the uranium-rich Athabasca Basin region of northeast Saskatchewan. The Company's stated vision is to explore the region using leading-edge technology to become a world-class uranium mining company. Additional information on Athabasca Uranium and its vision is available on the Company's website at www.athabascauranium.com.

ON BEHALF OF THE BOARD OF DIRECTORS

" Gil Schneider "

Gil Schneider , President & CEO


FORWARD LOOKING STATEMENTS: This press release may contain forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. 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 may differ materially from those in forward looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

http://finance.yahoo.com/news/athabasca-uranium-encounters-additional-uranium-161800198.html;_ylt=Ak_vhOchHn6i0maxAxG9FEWiuYdG;_ylu=X3oDMTIxYmk3ZWwxBG1pdANXaWRlIFF1b3RlcyBNb2R1bGUEcG9zAzMwBHNlYwNNZWRpYVJlY2VudFF1b3Rlc1BvcnRmb2xpb3NXaWRl;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3

[Pro-Life]

Strong possibility of a market bottom... link to comps:

http://stockcharts.com/freecharts/candleglance.html?USU,URRE,URG,URZ,EFR.TO,DNN,UEC,URPTF,MGAFF,SXRZF,CXZ,RRI.V|C|H14,3

[Pro-Life]

Perspective: Oil Prices Rose 19% In 2011 - Another Sign That A Nuclear Renaissance Is Inevitable
January 3, 2012

http://seekingalpha.com/article/317065-oil-prices-rose-19-in-2011-another-sign-that-a-nuclear-renaissance-is-inevitable

Oil prices rose 19% over the course of 2011, the third consecutive year marked by a rise in the price of oil. Below is the monthly chart of Brent Crude Oil that illustrates the clear uptrend.



While currency devaluation, geopolitical tensions, and speculators are all forces that may be contributing to rising oil prices and greater market volatility, a growing factor that suggests the price rise will continue is the supply/demand imbalance in the oil market. In other words: demand for oil and other fossil fuels is only growing, but the supply of them is diminishing. The chart below illustrates.



While I believe the world will likely be using fossil fuels as a primary source of energy for some time, we are clearly at a point where a new source of energy is needed. I believe nuclear energy is the primary candidate destined to grow, for the following reasons:

1. It can provide "baseload" - meaning always on - energy
2. It is emission-free
3. It has high power density, which means it does not require an inordinate amount of land and thus is conducive to powering cities
4. It is inexpensive

No other source can really make these same claims. Wind and solar are much more expensive and cannot effectively provide baseload energy, which is precisely why they remain insignificant sources of power on a global basis. Technological breakthroughs may change this, though I don't see this on the horizon, and believe renewables will have limited roles in the global energy market until this changes.

And so, the rise of nuclear energy is virtually inevitable -- the world will demand it for survival. Accordingly, China already has 25 nuclear power plants under construction, and realizes that nuclear will be a key part of how its nation is powered as it increasingly urbanizes. Investors can recognize China as the "smart money" -- the force driving the market's demand and sending prices higher -- in the nuclear energy market.

Of course, this transition will not occur overnight - nuclear power plants take a long time to build - and so oil, coal, and natural gas will continue to play an important role in providing energy to the world. Investors will need to be patient, as this market may take up to a decade to really get going. The value network is still developing and much depends on how government participates and regulates the market, as well as what innovations entrepreneurs will develop as the market grows.

For now, the investment opportunity is simple: uranium. Nuclear power is most easily obtained through processing of uranium, and so uranium mining firms are the buy and hold opportunity for patient investors looking to participate in the nuclear renaissance. Uranium ETFs like URA as well as mining companies like Uranerz (URZ), Uranium Energy Corporation (UEC), and Cameco (CCJ) are plays that make sense from this perspective, with UEC being my favorite due to the adept leadership of its Amir Adnani - its founder and CEO with a background as a serial entrepreneur with a marketing focus - as well as the firm's focus on ISR mining which I regard as an enabling technology that will allow UEC to experience lower mining costs than traditional open pit mines.

As compelling as the uranium story is, I cannot overemphasize the need for patience. Nuclear energy is still not appreciated and the entire energy market is poorly understood. This represents a great opportunity for the educated investor, provided they have patience and conviction, and understand the economics of nuclear is really the only option barring some type of technological breakthrough that currently is nowhere in sight. As always, investors will find it to their advantage to focus on the actions of the smart money - which in this case is China - while ignoring short-term sentiment factors like the concerns about nuclear energy stemming from the Fukushima crisis.

While uranium remains the mineral to invest in and focus on, investors should also keep an eye out to see how Thorium develops. Thorium is a potential substitute for uranium in the production of nuclear power, and possesses less of a radiation risk - a common criticism of uranium. However, the value network for thorium is a bit undeveloped at the moment, and it does not appear that there is yet a "smart money" faction that can push prices higher. Thorium is also more a more expensive way of generating nuclear power, an obstacle I suspect will need to be overcome if thorium is to become a serious opportunity for investors looking to invest in the nuclear renaissance.

So get ready for a whole new energy paradigm as we move away from oil. Understand, though, the process will take time, and that the science and economics suggest the opportunity is nuclear energy unless there is some type of a big technological breakthrough. And of course, patience is your friend; while the economics will, as always, ultimately dictate what happens, the process can be slow. China is the one to watch, and so long as they are committed to the market, any sell-offs in opportunities to invest in nuclear energy, namely via uranium mining firms, constitute an opportunity to buy the dip.

Disclosure: I am long UEC, CCJ.

[Pro-Life]

Sector driver: Canada reaches uranium trade deal with China

Thu Feb 9, 2012 10:16am EST

* Pact allows more Canadian uranium into China

* China fastest growing nuclear market in world

* Uranium to be used for civilian nuclear program

http://www.reuters.com/article/2012/02/09/canada-china-uranium-idUSL2E8D94O520120209

BEIJING, Feb 9 (Reuters) - Canada has reached a deal with China that will make it easier for Cameco Corp and other Canadian uranium producers to sell nuclear fuel into the fastest-growing market for atomic power.

The trade deal, announced on Thursday during Prime Minister Stephen Harper's visit to China, allows Cameco - the largest publicly listed producer - to sell uranium from its Canadian projects into China. Details of the agreement were not provided.

"This agreement will help Canadian uranium companies to substantially increase exports to China, the world's fastest growing market for these products," Harper's office said in a statement.

China currently operates some 13 nuclear reactors, with a total nuclear power output of about 11 gigawatts. The Asian country, which has 27 reactors under construction, plans to boost output to 80 gigawatts by 2020.

By contrast, the United States has 104 nuclear reactors.

Construction of reactors in China is expected to outweigh the decommissioning of plants in Japan, where reactors were taken offline in the wake of the Fukushima disaster last March, and in Germany, where the Japanese disaster led to a policy shift away from nuclear power.

In 2010, Cameco signed two deals with China to provide the country more than 50 million pounds of uranium over 15 years. Cameco has major uranium projects in Canada, the United States, Kazakhstan and Australia.

"We couldn't deliver Canadian uranium here until this agreement was signed so it opened the door for us to do that," said Chief Executive Tim Gitzel, who is part of a trade delegation visiting China this week with the Canadian prime minister.

Canada and China are working to finalize the text of the agreement and expect it to be completed within the next few months, according to the release.

Saskatoon, Saskatchewan-based Cameco, which will report its fourth-quarter earnings after market close on Thursday, plans to boost its uranium production to 40 million pounds a year by 2018.

[Pro-Life]

More sector comparables:

http://stockcharts.com/freecharts/candleglance.html?USU,URRE,URG,URZ,ATURF,DNN,UEC,URPTF,MGAFF,SXRZF,CXZ,RRI.V|B|H14,3

[Pro-Life]

Scoreboard for the week: +5.01%

[ariadndndough]

sounds encouraging your thoughts??

[elmacanuck]

Athabasca Uranium Provides Exploration Update - Yahoo! Finance
http://finance.yahoo.com/news/Athabasca-Uranium-Provides-cnw-2795100153.html?x=0

[Pro-Life]

Sector comps... they seem to be swimming in quicksand:

http://stockcharts.com/freecharts/candleglance.html?USU,URRE,URG,URZ,PUC.V,ATURF,DNN,UEC,URPTF,MGAFF,lbsr,sxrzf|B|H14,3

[elmacanuck]

Athabasca Uranium Completes Winter Drilling Program

2011-12-22 12:18 ET - News Release


TSXV: UAX
OTCQX: ATURF

VANCOUVER, Dec. 22, 2011 /PRNewswire/ - Athabasca Uranium Inc. is pleased to report the completion of its 2011 diamond drilling program at the Keefe Lake Uranium Project in the Athabasca Basin region of Saskatchewan. Five holes (1,645 meters total) were completed in November and December 2011, with two holes encountering significantly anomalous alteration and another containing chloritic alteration at various intervals below the unconformity, a common feature found in the host rocks containing uranium mineralisation.

As previously reported in a release dated November 24, 2011, Hole AU4-1 intersected a large zone of strong and sustained alteration, beginning at approximately 172 metres true depth. The main alteration zone is a 25-metre thick interval of clay minerals at and below the unconformity; this overprints a 170-metre-plus multi-generational heeled quartz stockwork, overprinting an older mylonite. At depth, the basement mylonite contains granitic pegmatite veins up to 50 centimetres thick. Hole AU4-1, which bore at an 80-degree angle southeast toward a subtle subsurface EM anomaly identified through Aerotem, was stopped at 402 meters, still encountering pronounced silicification and fracturing. These features are significant in that they are commonly found in the vicinity of Archean/Wollaston regional geological/structural interfaces which are often host settings to the rich Athabasca uranium deposits.

Hole AU13-4, located approximately 500 meters SW of Hole AU4-1, encountered the alteration zone at 175 meters, approximately 4 meters above the unconformity, which was sustained for another 67 meters. Moderately bleached core and weak to moderate fracturing was pervasive and continued to approximately 242 meters. In addition, Hole RZ-X, 50 meters to the south of AU4-1, encountered several bands of chloritic clays below 193 meters. The presence of chlorite is of interest as specific clay minerals, such as illite and chlorite, have been observed to form alteration halos around Athabasca Basin deposits, such as at McArthur River. Samples of interest have been shipped for chemical analysis and results should be available in the near term. The Company will be examining core to determine the nature of the alteration and for the presence of pathfinder minerals/clays.

While the alteration in AU13-4 was not as pronounced and persistent as AU4-1, it was significant enough to indicate a "zone" of alteration, associated with a northeast-trending local fault system, identified through seismic and airborne surveys. Holes to the north of AU4-1 did not encounter the alteration zone, which the seismic interpretation shows to be subject to a series of faults and folds that converge at the northern edge of Keefe Lake. Core from holes AU4-1 and AU13-4 both display dramatic bleaching above and below the unconformity, presumably caused by the ingress of mineral-rich fluids. While no significant gamma radiation was encountered (readings ranged from nominal to 215 cps) this does not rule out the possibility of uranium mineralization existing within the Keefe Lake Alteration Zone; gamma emissions are easily absorbed by host rocks and mineralized bodies may be undetectable by gamma probing if missed by only a few meters.

In addition, down-hole geological data is being re-analyzed to recalibrate and refine drilling targets. The Company intends to resume its program in the New Year, to test the Keefe Lake Alteration Zone and other targets defined by its multidisciplinary team. Drilling is also planned at Volhoffer Lake, immediately to the south of Keefe Lake.

Gil Schneider, President, commented "With three of five holes warranting analysis and follow-up, the Company is pleased with the preliminary results of the winter program. Taken together, holes AU4-1 and AU13-4 clearly define a 500-meter zone of intense alteration, striking to the northeast. We intend to vigorously test and investigate the Keefe Lake Alteration Zone in the early part of the New Year." Dr. Peter Born, PGeo, Athabasca Uranium's qualified person, is responsible for the geological content of this news release.

About Athabasca Uranium

Athabasca Uranium Inc. is a uranium exploration and development company exploring an aggregate of over 60,000 hectares strategically located in the uranium-rich Athabasca Basin region of northeast Saskatchewan. The Company's stated vision is to explore the region using leading-edge technology to become a world-class uranium mining company. Additional information on Athabasca Uranium and its vision is available on the Company's website at www.athabascauranium.com.

ON BEHALF OF THE BOARD OF DIRECTORS

"Gil Schneider"

Gil Schneider, President & CEO

FORWARD LOOKING STATEMENTS: This press release may contain forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. 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 may differ materially from those in forward looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Athabasca Uranium Inc.

[Pro-Life]

Strong... Here goes the U308 sector!!! Charted comparables:

http://stockcharts.com/freecharts/candleglance.html?USU,URRE,URG,URZ,PUC.V,ATURF,DNN,UEC,URPTF,MGAFF|B|H14,3

[Mr. Zen]

ATHABASCA URANIUM COMMENCES DRILL PROGRAM


Athabasca Uranium Inc. is pleased to announce that theCompany has commenced the diamond drill program on its Keefe Lake uraniumproject in the southeast Athabasca Basin. Construction of the 25-manbase camp began last week and will be completed immediately, withmobilization and operation of the diamond drill expected to take placeshortly. Athabasca contracted Elite Drilling of Saskatoon to complete the3000-meter NQ2 10-hole program. Elite has over 20 years experience in theBasin and has performed drilling services at the McArthur River Mine(Cameco) and at Shea Creek (AREVA/UEX). Elite has also drilled extensivelyfor JNR Resources and as such has “local” experience in thisquadrant of the Basin that should translate into highly efficient,cost-effective drilling. The Company will be performing down-hole gammaradiation surveys for each of the holes as they are completed, and asatellite communication system will allow for near real-time drillingresults to be available to the Company throughout the program. Prospectivedrill core will also be subject to assay for mineralization.

“This is a watershed moment for us”, commented GilSchneider, President “as with drills turning Athabasca Uraniumgraduates to a full-blown exploration company. We are extremely pleasedwith the exploration team we’ve assembled, and have a high degree ofconfidence in our drill targets, having employed the greatest level ofexploration technology available. We hope to be able to provide ourshareholders with positive news in the near term”.

“Additionally, with the recent takeover bids of Hathor Explorationfrom suitors Cameco and Rio Tinto, we’ve seen a resurgence ofactivity from parties interested in potential joint ventures and equityparticipation in our large portfolio of prospective properties. Withnumerous opportunities available, we’ve recently been entertainingproposals that would allow for the swift exploration and development of allof our projects. After a six-month lull, uranium is making a comeback - andwe’re well-positioned to capitalize on that.”

About Athabasca Uranium

Athabasca Uranium Inc. is auranium exploration and development company exploring an aggregate of over60,000 hectares strategically located in the uranium-rich Athabasca Basinregion of northeast Saskatchewan. The Company’s stated visionis to explore the region using leading-edge technology to become aworld-class uranium mining company. Additional information onAthabasca Uranium and its vision is available on the Company’swebsite at www.athabascauranium.com.

ON BEHALF OF THE BOARD OFDIRECTORS

“Gil Schneider”
GilSchneider, President & CEO

For information, please contactthe Company:

Toll-Free: [phone]
E-mail: [e-mail]


Neither the TSX Venture Exchange nor its RegulationsServices Provider (as that term is defined in policies of the TSX VentureExchange) accepts responsibility for the adequacy or accuracy of thisrelease.


Athabasca UraniumInc.
www.athabascauranium.com

email : [e-mail]

1040– 885 West Georgia Street
Vancouver, BC V6C 3E8





This message wasintended for

[ncstatewolfpacker]

Steve Palmer: Believe in Oil and Uranium

Source: Brian Sylvester of The Energy Report

Category: Investment, Oil, Gas, Energy

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October 19, 2011 (Investorideas.com Energy Newswire) - Steve Palmer, chief executive of Toronto investment firm AlphaNorth Asset Management, scans the market for inefficiencies. And it pays off in the long term. While comparable market benchmarks are down as much as 46%, his small-cap fund has returned nearly 200% since its launch in 2007. In this exclusive interview with The Energy Report, Palmer explains why his long-term vision makes him a continued believer in oil and uranium.
Join Investor Ideas Members to access the Renewable Energy stocks directory, water stocks, biotech stocks, defense stocks directories and the Insiders Corner

The Energy Report: About 30% of the AlphaNorth Partners Fund, which consists mostly of Canadian securities, was invested in tech stocks, with similar percentages in metals and energy the last time we spoke in May. What's the asset mix now?

Steve Palmer: Technology stocks comprise about 32%, metals 26% and energy 27%.

TER: Although the fund was down about 6.5% in August, it is up 23% for the year through August. It was down about 15% in September, but it's still positive on the year. What edge does AlphaNorth have that allows you to make gains in an economic climate that's as negative as this one?

SP: It's very difficult to make money when markets drop more than 10% in a month. We don't pretend to be able to make money in those kinds of months like we experienced recently and in the fall of 2008. However, since inception of the fund in December 2007, the fund has returned approximately 190% despite declines in the Canadian indices.

The Canadian indices that I use as benchmarks are both negative. The S&P/TSX Venture Index, which is the closest benchmark to what we do, is down 46% over that timeframe and the S&P/TSE Composite is down 5%. Despite the poor markets, we're still able to generate substantial returns over a long-term timeframe.

TER: What is your primary strategy for generating profits?

SP: Good stock picking. We've had some good calls on specific stocks. We've been able to sell them at the right time. We use technical analysis to help do that. We do some hedging in the Partners Fund at certain times when we think the market is vulnerable to a correction. That has helped cushion the downside and contribute to positive returns when the short positions work out.

TER: In the coming quarters, do you see yourself leaning more towards one of those sectors that you mentioned earlier, perhaps at the expense of another?

SP: No, not particularly. Given the correction, all of those sectors have been beaten down pretty good. There are a lot of bargains across the board now.

TER: Let's take a closer look at the energy portion of the AlphaNorth Partners Fund. What's the mix in terms of oil and gas, uranium, renewable and coal?

SP: It's mainly oil-focused. Coal would be the next most significant component and then iron ore and uranium.

TER: Uranium's off the radar for many investors given the events resulting from the tsunami in Japan earlier this year. Are you still a believer in uranium?

SP: Yes, I'm still a believer. Long term, the supply/demand should result in higher prices. China's still moving forward with building many new nuclear plants. There's a huge demand for power in many parts of the world. Uranium is, in many cases, the most practical way to add power. It's unfortunate what happened in Japan. It's created a negative investor sentiment in the short term, but the fundamentals are expected to be strong over the long term.

TER: Many uranium projects being developed need $50 uranium just to break even. The spot price for uranium is just above that now. Do you believe Chinese demand alone can bring uranium prices up enough to make smaller development projects sustainable?

SP: Chinese demand will account for probably more than half of total new demand over the next 10 or 20 years. We've been working through stockpiles from nuclear weapons, but that's pretty much depleted now. We do need new supply, but there are not many new uranium projects coming on.

TER: China's Sichuan Hanlong Group is in takeover talks with Bannerman Resources Ltd. (BAN:TSX; BMN:ASX), which owns two uranium development projects in Namibia. Uranium titan Cameco Corp. (CCO:TSX; CCJ:NYSE) is in the midst of a hostile bid for Hathor Exploration Ltd. (HAT:TSX.V), which has a high-grade uranium project in the Athabasca Basin. These are clearly cases of larger companies preying on smaller uranium companies beset by low share prices. Could it be time to take positions in uranium companies with near-term development projects?

SP: It just demonstrates that larger companies need to increase production and economic uranium deposits are very difficult to find. They are more difficult to find than many other commodities. The good projects are going to be in high demand.

TER: What are some uranium stories in the fund?

SP:Athabasca Uranium Inc. (UAX:TSX.V; ATURF:OTCQX) is one.

TER: It's not all that far from Hathor. It's about to begin a drilling program in the next few weeks. What are you expecting from that?

SP: I'm not expecting anything, but I'm hoping for good results. It's in the right neighborhood and there's obviously a lot of high-grade uranium and some very profitable mines close by. The company has a very small valuation; they have reasonable odds of success. I'm just hoping that the drills are kind.

TER: Do you have any holdings in Australia?

SP: We have a stake in Mega Uranium Ltd. (MGA:TSX) in one of our other funds.

TER: What do you like about that story?

SP: It's cheap. It has defined deposit in Australia, which is a good jurisdiction. It's not just a one-project company.

TER: Some of those projects are in locations that need some political will in order to begin mining. Do you see that happening?

SP: Yes. I think there's a decent chance that it will change. You need some political will in many areas for uranium. It's not something that people typically welcome. The permitting process can be quite long regardless of where you are.

TER: What are some oil and gas stories that are undervalued right now?

SP:Canadian Overseas Petroleum Ltd. (XOP:TSX.V) has assets in the North Sea, which is a good jurisdiction. Management has drilled wells there before and been quite successful. They have multiple locations to drill. It has lots of cash to complete the job. If you risked their drill targets, you still get a net asset value (NAV) over $1 a share. It's currently trading at $0.32.

I just saw some research yesterday from an analyst that has a risked NAV of $1.20. Assuming all of their drilling is successful, the potential NAV would be roughly $3.50. That's unlikely to occur because they are not going to be 100% successful. The end result will be somewhere in between those two numbers.

TER: Is there another intriguing name?

SP:Primary Petroleum Corp. (PIE:TSX.V) is very cheap and it has a lot of potential. Primary is an emerging play in Montana for the Bakken. It's a shale play that extends into Montana from Alberta. Several larger U.S. companies seem to be having some good success there. Rosetta Resources Inc. (ROSE:NASDAQ) and Newfield Exploration Corp. (NFX:NYSE) have been having a lot of success drilling in Montana. Primary has about 300,000 acres, which is quite large for a small company. It also recently signed a letter of intent with a U.S. major to farm in on the majority of their acreage where the partner will fund the exploration. Primary will have no requirement to spend any of its cash and it will benefit from the expertise and experience of its partner.

TER: What's your outlook for the energy sector?

SP: Energy is one of the commodities I favor. It's a resource that's gone once you use it, so you constantly have to keep finding more. The demand continues to grow.

TER: Thanks.

Steven Palmer, CFA, serves as president, CEO and a director of AlphaNorth Asset Management since founding the firm in 2007. AlphaNorth currently manages a long-biased, small-cap hedge fund. As VP of Canadian equities at one of the world's largest financial institutions, he managed assets of approximately $350M. He also previously managed a small-cap pooled fund, achieving returns ranked #1 by Morningstar Canada. He has a BA in economics from the University of Western Ontario.

Want to read more exclusive Energy Report interviews like this? Sign up for our free e-newsletter, and you'll learn when new articles have been published. To see a list of recent interviews with industry analysts and commentators, visit our Exclusive Interviews page.

DISCLOSURE:

1) Brian Sylvester of The Energy Report conducted this interview. He personally and/or his family own shares of the following companies mentioned in this interview: None.
2) The following companies mentioned in the interview are sponsors of The Energy Report: Athabasca Uranium Inc., Mega Uranium Ltd. and Bannerman Resources Ltd.
3) Steve Palmer: I personally and/or my family and/or AlphaNorth may own shares of the following companies mentioned in this interview: None. I personally and/or my family am paid by the following companies mentioned in this interview: None.

Streetwise - The Energy Report is Copyright © 2011 by Streetwise Reports LLC. All rights are reserved. Streetwise Reports LLC hereby grants an unrestricted license to use or disseminate this copyrighted material (i) only in whole (and always including this disclaimer), but (ii) never in part.

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[elmacanuck]

Athabasca Uranium Confirms Drill Targets

Press Release Source: Athabasca Uranium Inc. On Thursday October 13, 2011, 11:25 am

TSXV: UAX
OTCQX: ATURF

VANCOUVER , Oct. 13, 2011 /CNW/ - Athabasca Uranium Inc. is pleased to report that the Company has confirmed its ten high-value targets for its upcoming diamond drilling program at Keefe Lake, in the southeastern Athabasca Basin. Targets were selected from an in-depth interpretation of seismic data, shot in 2008, which was correlated with Aerotem and Geotem Mag/EM surveys. EM interpretation was completed by Living Sky Geophysics (Saskatoon, SK) and Condor Consulting (Lakewood, CO), with additional modeling and interpretation provided by Irvine Annesley, PhD PGeo, Director of Exploration for JNR Resources. The seismic interpretation, completed by the University of Saskatchewan under the direction of Dr. Zoltan Hajnal , PhD, was successful in identifying subsurface features, such as faults and basement layers. The highest priority drill targets generated by the interpretation show significant faulting which has broken through the unconformity, and is proximal to medium- to low-intensity conductive sandstones, which may indicate regions of alteration.

These targets lie approximately 500 meters north of Keefe Lake proper. In many cases, the target locations show multiple faults and distortions in the sandstone that are interpreted as areas of hydrothermal alteration. As such, the Company intends to drill into these areas of interpreted alteration, through the unconformity and into the faults. Depths to the unconformity are at approximately 200 meters, and it is intended that drilling will test the basement structures for a further 100 meters, for total depths of 300 meters.

Regarding the targets, Athabasca President & CEO Gil Schneider commented "We are extremely excited about the interpretation and the high level of resolution the team was able to provide regarding faults and breaks in the unconformity. This technology is without question a lens into the earth and it is now quite evident why it is deployed by majors such as Cameco and successful juniors like Hathor."

The Company expects to commence drilling within ten days.

About Athabasca Uranium

Athabasca Uranium Inc. is a uranium exploration and development company exploring an aggregate of over 60,000 hectares strategically located in the uranium-rich Athabasca Basin region of northeast Saskatchewan. The Company's stated vision is to explore the region using leading-edge technology to become a world-class uranium mining company. Additional information on Athabasca Uranium and its vision is available on the Company's website at www.athabascauranium.com.

ON BEHALF OF THE BOARD OF DIRECTORS

" Gil Schneider "

Gil Schneider , President & CEO



Neither the TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

[Pro-Life]

The sector is reversing upward...

[Pro-Life]

This newly released presentation is really terrific... TY!!!

[ariadndndough]

pretty impressive slides to say the least. sure looks like they have pretty good shot on goal here.

dough

[elmacanuck]

http://www.athabascauranium.com/images/files/uax-corp-presentation-sept-2011.pdf

[Mr. Zen]

Athabasca Uranium Reports Z-TEM Survey Results, Earns Interest At McCarthy Lake


UAX.V 0.17 0.00

Press Release Source: Athabasca Uranium Inc.

On Tuesday August 30, 2011, 12:48 pm EDT

TSXV: UAX
OTCQX: ATURF

VANCOUVER , Aug. 30, 2011 /CNW/ - Athabasca Uranium Inc. (the "Company") is pleased to report the results of its ZTEM airborne survey interpretation, and to advise of an earned interest on its McCarthy Lake Project in the Athabasca Basin region of Saskatchewan.

ZTEM Interpretation Report

The Company has received a high level interpretation report of the 2011 ZTEM airborne EM and magnetic surveys of the Company's properties from Condor Consulting of Colorado. In general, the report noted that a number of anomalous conductors had been defined by the ZTEM survey which showed correlation with earlier GEOTEM and TEMPEST surveys. All types of anomalies normally associated with uranium mineralization appear to be present: sandstone-hosted, unconformity-related and basement-hosted. These targets may represent alteration zones that warrant additional exploration. Specifically:

At McGregor Lake, five separate areas were identified as prospective and worthy of further ground investigation. All target zones were comprised of anomalous conductors, arising in the sandstone and possibly existing as a result of hydrothermal alteration. As the conductors were not closely associated with graphitic conductors, the assumed deposit model will be an "off conductor" model, along the lines of Hathor's Maverick Zone, Fission's J-Zone, Denison's Phoenix Zone and Cameco's West Millennium Deposit.


At Webb River, a single target zone comprised of a ~2.5 kilometer long northeast-trending medium conductor coincident with a magnetic low was defined by both the ZTEM and GEOTEM surveys - the zone has been identified and recommended for follow-up.


At McCarthy Lake, both the ZTEM and TEMPEST surveys confirmed a significant 2.0-3.0 kilometer north-south basement conductor, coincident with a magnetic low/faulting, in the eastern portion of the project.
Gil Schneider , Athabasca's President commented: "Our exploration team is extremely pleased with the information gleaned thus far from the ZTEM survey. Rarifying targets from the air is ground zero for exploration in the Basin and we were indeed fortunate to have multiple datasets, each of which examines the ground in a distinctly different way, to define our target zones. Over the next few months, the Company will formulate a comprehensive exploration plan for each of the projects, which may include earn-in partnerships to commence ground work and diamond drilling."

In the interpretation process, data from three other EM/mag surveys (2001 GEOTEM, 2006 GEOTEM and 2007 TEMPEST) was incorporated with the ZTEM survey to assist in verifying the ZTEM results.

McCarthy Lake Earned Interest

With the recent survey interpretation, and through geophysical and historical analysis, the Company has determined the eastern claim block of the McCarthy Lake Project to be highly prospective, and has elected to apply its McCarthy exploration credits to the eastern portion of the Project. Having met all acquisition requirements, the Company has now exercised its option and vested a 50% interest (subject to a 2.5% NSR) in the 4,082-hectare eastern block.

"Earning our interest in the McCarthy Lake Project is a significant corporate and exploration milestone for Athabasca Uranium," commented Schneider. "One year ago, McCarthy was our first property in the Basin, and the first step in our plan to become a significant explorer there. Despite a global setback, we continue to execute our plan, amassing over 52,000 hectares of high-value ground. The recent takeover bid by Cameco of Hathor Exploration as a source of future uranium supply has highlighted to the market the realities of worldwide uranium demand and continued supply shortfall, and signals a renewed interest in the Basin. We are uniquely poised to capitalize on this renewed interest - not only are we in the same region as Hathor, we have engaged much of the same exploration team which was with them during their Roughrider discovery, and are using the same seismic geophysical techniques they employed to visualize their subsurface lithology. We are highly confident that Athabasca Uranium has a compelling future ahead of it."

About Athabasca Uranium

Athabasca Uranium Inc. is a uranium exploration and development company exploring an aggregate of over 52,000 hectares strategically located in the uranium-rich Athabasca Basin region of northeast Saskatchewan. The Company's stated vision is to explore the region using leading-edge technology to become a world-class uranium mining company. Additional information on Athabasca Uranium, its properties and its vision is available on the Company's website at www.athabascauranium.com.

ON BEHALF OF THE BOARD OF DIRECTORS

" Gil Schneider "

Gil Schneider , President & CEO

Neither the TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

[ariadndndough]

See more news releases in: Mining & Metals, Oil and Gas Discoveries


Athabasca Uranium Reports Z-TEM Survey Results, Earns Interest At McCarthy Lake
0 0 0
TSXV: UAX
OTCQX: ATURF

VANCOUVER, Aug. 30, 2011 /PRNewswire/ - Athabasca Uranium Inc. (the "Company") is pleased to report the results of its ZTEM airborne survey interpretation, and to advise of an earned interest on its McCarthy Lake Project in the Athabasca Basin region of Saskatchewan.

ZTEM Interpretation Report

The Company has received a high level interpretation report of the 2011 ZTEM airborne EM and magnetic surveys of the Company's properties from Condor Consulting of Colorado. In general, the report noted that a number of anomalous conductors had been defined by the ZTEM survey which showed correlation with earlier GEOTEM and TEMPEST surveys. All types of anomalies normally associated with uranium mineralization appear to be present: sandstone-hosted, unconformity-related and basement-hosted. These targets may represent alteration zones that warrant additional exploration. Specifically:

•At McGregor Lake, five separate areas were identified as prospective and worthy of further ground investigation. All target zones were comprised of anomalous conductors, arising in the sandstone and possibly existing as a result of hydrothermal alteration. As the conductors were not closely associated with graphitic conductors, the assumed deposit model will be an "off conductor" model, along the lines of Hathor's Maverick Zone, Fission's J-Zone, Denison's Phoenix Zone and Cameco's West Millennium Deposit.


•At Webb River, a single target zone comprised of a ~2.5 kilometer long northeast-trending medium conductor coincident with a magnetic low was defined by both the ZTEM and GEOTEM surveys - the zone has been identified and recommended for follow-up.


•At McCarthy Lake, both the ZTEM and TEMPEST surveys confirmed a significant 2.0-3.0 kilometer north-south basement conductor, coincident with a magnetic low/faulting, in the eastern portion of the project.
Gil Schneider, Athabasca's President commented: "Our exploration team is extremely pleased with the information gleaned thus far from the ZTEM survey. Rarifying targets from the air is ground zero for exploration in the Basin and we were indeed fortunate to have multiple datasets, each of which examines the ground in a distinctly different way, to define our target zones. Over the next few months, the Company will formulate a comprehensive exploration plan for each of the projects, which may include earn-in partnerships to commence ground work and diamond drilling."

In the interpretation process, data from three other EM/mag surveys (2001 GEOTEM, 2006 GEOTEM and 2007 TEMPEST) was incorporated with the ZTEM survey to assist in verifying the ZTEM results.

McCarthy Lake Earned Interest

With the recent survey interpretation, and through geophysical and historical analysis, the Company has determined the eastern claim block of the McCarthy Lake Project to be highly prospective, and has elected to apply its McCarthy exploration credits to the eastern portion of the Project. Having met all acquisition requirements, the Company has now exercised its option and vested a 50% interest (subject to a 2.5% NSR) in the 4,082-hectare eastern block.

"Earning our interest in the McCarthy Lake Project is a significant corporate and exploration milestone for Athabasca Uranium," commented Schneider. "One year ago, McCarthy was our first property in the Basin, and the first step in our plan to become a significant explorer there. Despite a global setback, we continue to execute our plan, amassing over 52,000 hectares of high-value ground. The recent takeover bid by Cameco of Hathor Exploration as a source of future uranium supply has highlighted to the market the realities of worldwide uranium demand and continued supply shortfall, and signals a renewed interest in the Basin. We are uniquely poised to capitalize on this renewed interest - not only are we in the same region as Hathor, we have engaged much of the same exploration team which was with them during their Roughrider discovery, and are using the same seismic geophysical techniques they employed to visualize their subsurface lithology. We are highly confident that Athabasca Uranium has a compelling future ahead of it."

About Athabasca Uranium

Athabasca Uranium Inc. is a uranium exploration and development company exploring an aggregate of over 52,000 hectares strategically located in the uranium-rich Athabasca Basin region of northeast Saskatchewan. The Company's stated vision is to explore the region using leading-edge technology to become a world-class uranium mining company. Additional information on Athabasca Uranium, its properties and its vision is available on the Company's website at www.athabascauranium.com.

ON BEHALF OF THE BOARD OF DIRECTORS

"Gil Schneider"

[elmacanuck]

Athabasca Uranium Completes Keefe Lake Option First Phase - Prepares to Drill Athabasca Uranium Inc


UAX 8/4/2011 11:04:00 AMVANCOUVER, Aug. 4, 2011, 2011 (Canada NewsWire via COMTEX News Network) --
TSXV: UAX OTCQX: ATURF

Athabasca Uranium Inc. is pleased to announce that it has received regulatory approval for, and subsequently closed on the first phase of its option to acquire the Keefe Lake Property, a 12,832-hectare property located on the eastern margin of the uranium-rich Athabasca Basin region in northeast Saskatchewan.

As announced on July 27, 2011, the Company has the option to earn a 100% interest inKeefe Lake by paying an initial $65,000 and issuing 3,500,000 common shares to an arm's-length vendor, by paying an additional $1,500,000 on or before the fifth anniversary of the Option Agreement, and by filing $5,000,000 in qualified exploration assessment credits within five years on the Property. The Property is subject to a 2% net smelter return royalty, 1% of which may be purchased by the Company for $1,500,000. The Company has now made the initial payment of cash and shares, fulfilling its first commitment under the Option Agreement.

The 12,832-hectare Keefe Lake Project is comprised of three claims lying approximately 22 kilometers southeast of the McArthur River Mine, the world's largest high-grade uranium mine with proven and probable reserves of 335.5 million pounds U(3)O(8) and an average reserve grade of over 15%. The Keefe Lake Project was most recently explored by Mega Uranium in 2007-2008, with approximately $3,000,000 expended on exploration in a two phase work program that included an Aeroquest 737 line-kilometer Mag/EM airborne survey and a high-definition 2D seismic reflection survey consisting of 50 kilometers of access line as well as 69 line-kilometers of data acquisition over 8 seismic lines.

With this acquisition, the Company now controls over 52,000 hectares on the shallow eastern side of the Athabasca Basin. "The completion of this marquee acquisition is an important milestone for Athabasca Uranium. Based on the wealth of data from the airborne and seismic surveys, the Company is now preparing to drill high value targets at Keefe Lake shortly. Shareholders can look forward to hearing more about this drill program in the near term," commented Gil Schneider, Athabasca President & CEO.

About Athabasca Uranium

Athabasca Uranium Inc. is a uranium exploration and development company exploring an aggregate of over 52,000 hectares strategically located in the uranium-rich Athabasca Basin region of northeast Saskatchewan. The Company's stated vision is to explore the region using leading-edge technology to become a world-class uranium mining company. Additional information on Athabasca Uranium and its vision is available on the Company's website at www.athabascauranium.com.

ON BEHALF OF THE BOARD OF DIRECTORS

"Gil Schneider"

Gil Schneider, President & CEO

Neither the TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/August2011/04/c9449.html

SOURCE: Athabasca Uranium Inc.

please contact the Company: Toll-Free:[phone] E-mail:[e-mail]

Copyright (C) 2011 CNW Group. All rights reserved.

[otterman]

Athabasca Uranium Acquires Keefe Lake Property Option

Wednesday, July 27, 2011

TSXV: UAX

OTCQX: ATURF

VANCOUVER, July 27, 2011 /CNW/ - Athabasca Uranium Inc. ("Athabasca" or the "Company") is pleased to announce that it has entered into an agreement with an arm's-length vendor by which the Company has the option to earn a 100% interest in the Keefe Lake Project in northeast Saskatchewan.

The 12,832-hectare Keefe Lake Project is comprised of three contiguous claims on the eastern margin of the uranium-rich Athabasca Basin, the most productive uranium-producing region in the world. The Project is approximately 22 kilometers southeast of the McArthur River Mine, the world's largest high-grade uranium mine with proven and probable reserves of 335.5 million pounds U3O8 and an average reserve grade of over 15%. The Keefe Lake Project was most recently explored by Mega Uranium in 2007-2008, with approximately $3,000,000 expended on exploration in a two phase work program that included a Mag/EM airborne survey and a high-definition 2D seismic reflection survey.

The Company can earn a 100% interest in the Project by paying an initial $65,000 and issuing 3,500,000 common shares to the Vendor on regulatory approval, by completing $5,000,000 in qualified exploration work on the Project within five years, and by making an additional cash payment of $1,500,000 on or before the fifth anniversary of the Agreement. A 2% net smelter return royalty has been granted to the Vendor, of which 1% may be purchased by the Company for $1,500,000. The Agreement is subject to regulatory approval.

With this acquisition, the Company now controls over 52,000 hectares on the shallow eastern side of the Athabasca Basin. "The Keefe Lake Project is a marquee project which we believe is a true company-maker. The preliminary work already completed there vaults the Company forward nearly two full years on the exploration timeline. With one of the most sophisticated ground surveys in the world already completed, the Company will be able to immediately prioritize targets for diamond drilling. The acquisition of this project was an opportunity that Athabasca could not pass up - it is a project that we believe will add value to the Company in the near term and for years to come," commented Gil Schneider, Athabasca President & CEO.

In 2008, Aeroquest International Ltd. completed a 737 line-kilometer helicopter-borne geophysical survey over the Keefe Lake property. This geophysical survey consisted of an AeroTEM IV ('Oscar' System) time domain helicopter electromagnetic survey and a magnetic survey. The survey was flown at 200-meter line spacing in a NW-SE flight direction. The survey was successful in delineating multiple EM anomalies coincident with magnetic lows and interpreted faults.

In 2007-2008 Kinetex Resources completed a high-definition 2D seismic reflection survey on the northern two claim blocks of the Keefe Lake Project to: (a) define the unconformity along all the lines and generate a structural depth map of this subsurface contact; and (b) establish relevant structural trends in the basement to identify potential target areas for future mineral exploration. Approximately 50 kilometers of access line over the Keefe Lake Project were completed as well as 69 line-kilometers of 2D seismic reflection data acquisition over 8 seismic lines. This survey has been performed on several important uranium deposits and mines in the Athabasca Basin, including the McArthur River Mine, and the Millennium Deposit. Kinetex also performed this survey for Hathor Exploration, which was instrumental in the discovery of their Roughrider Zone.

Processing and interpretation of the survey data was completed by the Seismic Laboratory of the Geology Department of the University of Saskatchewan under the supervision of Zoltan Hajnal, PhD, Professor of Geophysics. The seismic survey was successful in generating high quality and regionally coherent data sets. The intersecting survey lines provided sufficient information for establishment of the prominent regional structural framework in the prospect area. The data revealed, with significant details, the multi-phase deformation of the subsurface. The high level of correlation between the seismic trends and the magnetic signatures is a clear indication that the seismic data reveal structural environments in the basement very promising for mineral exploration in the prospect area.

About Athabasca Uranium

Athabasca Uranium Inc. is a junior uranium exploration and development company trading on the TSX Venture Exchange under the symbol UAX. The Company's stated vision is to acquire and explore prospective properties located in the uranium-rich Athabasca Basin in northeast Saskatchewan, utilizing leading-edge technologies to become a world-class uranium mining company. Additional information on Athabasca Uranium, its properties and exploration activities is available at the Company's website: www.athabascauranium.com.

ON BEHALF OF THE BOARD OF DIRECTORS

"Gil Schneider"

Gil Schneider, President & CEO

Neither the TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information:

please contact the Company Toll-Free at: [phone] or by e-mail at [e-mail].

http://www.theglobeandmail.com/globe-investor/news-sources/?date=20110727&archive=cnw&slug=C7721

[ariadndndough]

surprised we not drilling yet


anyone heard anything

[Pro-Life]

For the week: +2.63%

[ariadndndough]

aturf mentioned agian

http://www.theenergyreport.com/pub/co/3170

[ncstatewolfpacker]

Athabasca Uranium Inc. Closes on Hamilton Lake Option First Phase.

[url][/url][tag]insert-text-herehttp://www.streetinsider.com/Press+Releases/ATHABASCA+URANIUM+CLOSES+ON+HAMILTON+LAKE+OPTION+FIRST+PHASE/6501669.html[/tag]

[Gan]

ATURF.PK mentioned by seekingalpha.com..05/11/2011.
__________________________

http://seekingalpha.com/article/269270-8-uranium-bargains?source=yahoo
__________________________

Athabasca Uranium (ATURF.PK) is trading for about 20 cents, well off its highs of nearly 50 cents per share. Canada is the Saudi Arabia of uranium and the Athabasca region is the richest region for uranium in Canada. The Athabasca Basin is estimated to hold about 1/3rd of the world's uranium. This company is exploring about 80,000 acres of land in the Athabasca Basin within close proximity to major uranium companies like Denison Mines. An analyst report on Athabasca Uranium can be read here. The tsunami was on March 11, and Athabasca completed private place placement at about 38 cents per share within days of that event in Japan. You can read about the private placement here and here. This gives current investors a chance to buy for about 50% less than the recent private placement price. I believe these shares could easily rise to $1 or more in the next 12-18 months based on the possibility of good news with this company's exploration results and a general rebound in uranium prices and stocks. With a strong balance sheet (just over 10 cents per share in cash) and no long term debt, there is lots of potential here, with limited downside from these levels. You can see the financial data which shows about $4.6 million in cash and no debt in the investor presentation here.

[otterman]

ATHABASCA URANIUM ACQUIRES HAMILTON LAKE PROPERTY OPTION

Thursday, April 28, 2011

TSXV: UAX

OTCQX: ATURF

VANCOUVER, April 28 /CNW/ - Athabasca Uranium Inc. ("Athabasca" or the "Company") (TSXV: UAX) (OTCQX: ATURF) is pleased to announce that it has entered into an agreement with an arm's-length vendor by which the Company has the option to earn a 100% interest in the Hamilton Lake Property in northeast Saskatchewan.

The 5,873-hectare Hamilton Lake Property is located on the eastern margin of the uranium-rich Athabasca Basin, the most productive uranium-producing region in the world. The Company will earn a 100% interest in the Property by paying $25,000 and issuing 600,000 common shares to the Vendor on Closing, and by filing $3,000,000 in qualified exploration assessment credits either on the Property itself or on Athabasca's other properties under option within its Webb River Project area within four years. A 1% net smelter return royalty has also been granted to the Vendor, which may be purchased by the Company for $1,500,000. The Agreement is subject to regulatory approval.

The Property is contiguous with the Company's Webb River Project, and is the third of three strategic acquisitions in the Athabasca Basin on which the Company had negotiated an exclusive right of first offer, as announced January 20, 2011. "The Hamilton Lake prospect, as part of the overall Webb River Project, is an excellent addition to our property portfolio in the Basin. The Z-TEM heli-borne survey conducted this past winter season over Webb River and Hamilton Lake showed indicators of uranium prospectivity on both properties, and our upcoming resistivity ground survey should delineate targets for drilling", commented Gil Schneider, Athabasca President & CEO.

Results of the Z-TEM (Z-Axis Tipper EM) airborne survey conducted over the Project area strongly correlate with the Saskatchewan government's EXTECH IV regional Mag/EM survey conducted in 2004. The center of the property, which has a relatively low magnetic response, appears to be strongly dilated to the northeast. An array of northeasterly trending conductors was also identified by the Z-TEM, correlating strongly with airborne and ground VLF-EM and magnetometer surveys carried out by Sander Geophysics and Phantom Exploration Services in 1979-1980. Strong magnetic features appear to be acting as controls for the northeasterly trending conductors. Refinement of the Z-TEM data is expected to produce viable exploration targets within the conductive array.

About Athabasca Uranium

Athabasca Uranium Inc. is a junior uranium exploration and development company trading on the TSX Venture Exchange under the symbol UAX. The Company's stated vision is to acquire and explore prospective properties located in the uranium-rich Athabasca Basin in northeast Saskatchewan, utilizing leading-edge technologies to become a world-class uranium mining company. Additional information on Athabasca Uranium, its properties and exploration activities is available at the Company's website: www.athabascauranium.com.

ON BEHALF OF THE BOARD OF DIRECTORS

"Gil Schneider"

Gil Schneider, President & CEO

Neither the TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information:

please contact the Company Toll-Free at: [phone] or by e-mail at [e-mail]

http://www.theglobeandmail.com/globe-investor/news-sources/?date=20110428&archive=cnw&slug=C7520

[Pro-Life]

Dr. Peter B. Lyons in for Nuclear Energy
April 15, 2011

Dr. Peter B. Lyons Confirmed as Assistant Secretary for Nuclear Energy

http://www.energy.gov/news/10269.htm

Washington, D.C. - Dr. Peter B. Lyons was confirmed by the Senate on Thursday, April 14, as the Department of Energy's Assistant Secretary for Nuclear Energy.

"Pete Lyons' depth of expertise and experience make him uniquely qualified for this role, and I am confident he will continue to serve the Department, the President and the Nation with distinction," said Energy Secretary Steven Chu. "I applaud the Senate for quickly taking action to approve his nomination, and I look forward to our work together to ensure that safe nuclear power plays an important role in America's clean energy future."

As Assistant Secretary for Nuclear Energy, Dr. Lyons will serve as the primary policy advisor to the Secretary of Energy and the Department on key issues involving nuclear energy research, development and demonstration, as well as international nuclear activities. His responsibilities will include managing Federal programs aimed at fulfilling the potential of nuclear power as a major contributor in meeting our Nation's energy supply, environmental and energy security needs.

Before his Senate confirmation to his new position, Dr. Lyons served as the Acting Assistant Secretary for Nuclear Energy since November 2010, and as the Principal Deputy Assistant Secretary of the Office of Nuclear Energy at the Department of Energy (2009-2010). Prior to this appointment, Dr. Lyons served as a Commissioner of the Nuclear Regulatory Commission from 2005 until his term ended in 2009. From 2003 to 2005, Dr. Lyons served as Science Advisor on the staff of U.S. Senator Pete Domenici and the Senate Committee on Energy and Natural Resources, where he focused on military and civilian uses of nuclear technology, national science policy, and nuclear non-proliferation.

From 1997 to 2003, Dr. Lyons was assigned by the Los Alamos National Laboratory to serve as Science Advisor on the staff of U.S. Senator Pete Domenici and the Senate Energy and Natural Resources Committee, where he focused on military and civilian uses of nuclear technology, national science policy, and nuclear non-proliferation. From 1969 to 1996, Dr. Lyons held several positions at the Los Alamos National Laboratory including: Director for Industrial Partnerships, Deputy Associate Director for Energy and Environment, and Deputy Associate Director-Defense Research and Applications.

Dr. Lyons has published more than 100 technical papers, holds three patents related to fiber optics and plasma diagnostics, and served as chairman of the NATO Nuclear Effects Task Group for five years. Dr. Lyons is a Fellow of both the American Nuclear Society and the American Physical Society. He received his Ph.D. in Nuclear Astrophysics from the California Institute of Technology (1969) and his undergraduate degree in Physics and Mathematics from the University of Arizona (1964).

[Pro-Life]

-8.7% is the scorecard for the week... great close Friday.

[Mr. Zen]

a mineral exploration company working in the far north and it is the middle of winter, and you wanted a good quick return? I strongly urge you to understand mining plays, they are different from manufacturing or retail companies.

[Mr. Zen]

claims map overview

[Mr. Zen]

Athabasca Uranium Acquires Hodges Lake Property Option

Click Here for a Free Real-time Stock Quote on TSX-V: UAX

VANCOUVER, March 31 /CNW/ - Athabasca Uranium Inc. ("Athabasca" or the "Company") is pleased to announce that it has entered into an agreement with an arm's-length vendor by which the Company has the option to earn a 100% interest in the Hodges Lake Property in northeast Saskatchewan.

The 4,722-hectare Hodges Lake Property is located on the eastern margin of the uranium-rich Athabasca Basin, the most productive uranium-producing region in the world. The Property is contiguous with the Company's McGregor Lake Project, which is itself adjacent to Denison's Moore Lake Deposit.

The Company will earn a 100% interest in the Property by paying $25,000 and issuing 600,000 common shares to the Vendor on Closing, and by filing $3,500,000 in qualified exploration assessment credits either on the Property itself or on Athabasca's other properties under option within its McGregor Lake Project area within four years. A 1% net smelter return royalty has also been granted to the Vendor, which may be purchased by the Company for $1,500,000. The Agreement is subject to regulatory approval.

The Hodges Lake Property is the second of three strategic acquisitions in the Athabasca Basin on which the Company has an exclusive right of first offer, as announced January 20, 2011. "The Hodges Lake prospect, as part of the overall McGregor Lake Project, is a key part of our development plans for this portion of the Basin. The preliminary results of our recent 3,246-hectare Z-TEM survey confirmed the need for us to acquire the Hodges property immediately", commented Gil Schneider, Athabasca President & CEO.

Results of the Company's heliborne Z-TEM (Z-Axis Tipper EM) survey at the McGregor Lake Project, of which Hodges Lake is now a significant part, correlate strongly with a 2006 GEOTEM survey commissioned by International Uranium Corp. In general, the southern extent of the now 24,000-hectare Project is dominated by a strongly magnetic northeasterly striking feature. In the north, several conductors, each several kilometers in length, were identified. Conductor E lies at the northern edge of a magnetic feature and its northwesterly strike crosscuts the predominantly northeasterly magnetic features. Two conductors, F and G, correspond to the southern extent of the Moore Lake Complex. Several other conductive anomalies also were noted.

About Athabasca Uranium

Athabasca Uranium Inc. is a junior uranium exploration and development company trading on the TSX Venture Exchange under the symbol UAX. The Company's stated vision is to acquire and explore prospective properties located in the uranium-rich Athabasca Basin in northeast Saskatchewan, utilizing leading-edge technologies to become a world-class uranium mining company. Additional information on Athabasca Uranium, its properties and exploration activities is available at the Company's website: www.athabascauranium.com.

ON BEHALF OF THE BOARD OF DIRECTORS

"Gil Schneider"

Gil Schneider, President & CEO

Neither the TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

[Pro-Life]

UAX.V for the week: +4.35%

[Mr. Zen]

Seems like the risk is going down and the reward is going up.

[ariadndndough]

doubloon thanks agian for this one. there drilling program will sure be interesting as it looks like we got some nice drill targets.

dough

[Mr. Zen]

No problems raising money for this one and The Company is currently refining the Z-TEM dataset and results which will be crucial in prioritizing the projects for ground surveying


Well on it's way to becoming something larger

[Dobie Lama]

Athabasca Uranium Identifies Multiple Targets By Z-TEM

http://www.athabascauranium.com/news/press-releases/51-athabasca-uranium-identifies-multiple-targets-by-z-tem.html

VANCOUVER, March 24 - Athabasca Uranium Inc. ("Athabasca" or the "Company") is pleased to announce preliminary results of its 3,246 line kilometer heliborne Z-TEM (Z-Axis Tipper EM) survey of the East Key Lake, McGregor Lake, Webb River and McCarthy Lake uranium projects, located on the southeastern margin of the Athabasca Basin, Saskatchewan.

Z-TEM is effective at identifying discrete vertical conductive anomalies as well as features at the unconformity and basement. In general, conductive anomalies existing within magnetic discontinuities may represent primary exploration indicators for altered sandstones and mineralized zones. In the Athabasca Basin, the vast majority of uranium mines and exploration deposits - including Denison's Wheeler River Project, Fission's Waterbury Lake Project, Hathor's Roughrider Zone and JNR/Denison's Moore Lake Project - are associated with subsurface graphitic conductors.

Multiple, highly prospective targets were successfully identified through the Z-TEM survey as follows:

McCarthy Lake (50% Interest)

Two significant conductive zones were identified in the Z-TEM survey, confirming and augmenting the results of the Tempest Mag/EM survey flown in 2007. Conductor A appears to be a two-lobed structure, roughly 5km in length, originating in the southeast and striking northwest. This target, which exists within a magnetic low, persists through all channels of the Tempest survey and appears to extend to the unconformity, and possibly into the basement. Conductor B is approximately 6 kilometres in length in the northwestern quadrant of the McCarthy Property. The target has a northeastern strike and again lies within a magnetic low. In addition, a prominent northwest magnetic feature, interpreted as a 10 kilometer fault, appears to cut across Conductor A and B.

Webb River (100% Interest)

Results of the Z-TEM strongly correlate with Saskatchewan government's EXTECH IV regional Mag/EM survey conducted in 2004. The center of the property, which has a relatively low magnetic response, appears to be strongly dilated to the northeast. An array of northeasterly trending conductors was also identified by the Z-TEM, correlating strongly with airborne and ground VLF-EM and magnetometer surveys carried out by Sander Geophysics and Phantom Exploration Services in 1979-1980. Strongly magnetic features appear to be acting as controls for the northeasterly trending conductors. Refinement of the Z-TEM data is expected to produce viable exploration targets within the conductive array.

McGregor Lake (100% Interest)

Results of the Z-TEM correlate strongly with a 2006 GEOTEM survey commissioned by IUC. In general, the southern extent of this 18,699ha project is dominated by a strongly magnetic northeasterly striking feature. In the north, several conductors, each several kilometers in length, were identified. Conductor E lies at the northern edge of a magnetic feature and its northwesterly strike crosscuts the predominantly northeasterly magnetic features. Two conductors, F and G, correspond to the southern extent of the Moore Lake Complex. Several other conductive anomalies also were noted.

East Key Lake (100% Interest)

Z-TEM data shows excellent correlation with the Saskatchewan government's EXTECH IV regional Mag/EM survey conducted in 2004. An examination of total magnetic intensity (TMI) revealed a roughly northeast-trending magnetic feature, interpreted as an archean granitic fold or body. In addition, electromagnetic (EM) data revealed a significant conductive anomaly coincident with a magnetic low, just west of the magnetic high. This conductive region has been preliminarily evaluated as a high priority target zone at East Key Lake.

The Company is currently refining the Z-TEM dataset and results which will be crucial in prioritizing the projects for ground surveying. Final interpretation is expected over the next thirty days. Athabasca's VP Exploration Dr. Peter Born, P.Geo, commented: "The quality of anomalies will be assessed and then prioritized to establish areas for subsequent ground surveys and drilling".

Dr. Peter Born, P.Geo, is responsible for the technical content in this release.

About Athabasca Uranium

Athabasca Uranium Inc. is a uranium exploration and development company using leading-edge technology to explore an aggregate of over 80,000 acres strategically located in the uranium-rich Athabasca Basin region of northeast Saskatchewan. Additional information on Athabasca Uranium and its exploration projects is available on the Company's website at www.athabascauranium.com.

ON BEHALF OF THE BOARD OF DIRECTORS

"Gil Schneider"

Gil Schneider, President & CEO

Some of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as "expects", "intends", "is expected", "potential", "suggests" or variations of such words or phrases, or statements that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company's control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.

Neither the TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Click here for contact information

[Pro-Life]

Bullish commentary: In the wake of Japan's nuclear catastrophe, uranium investors have taken it on the chin. Uranium stocks have sold off sharply as radiation fears spread around the world.

The Global X Uranium ETF tumbled -17% last Monday and opened down another -15% on Tuesday.

So what's a uranium investor to do? Is it time to cut and run... or double down?

If I were you, I'd listen to Warren Buffett: "Be fearful when others are greedy and be greedy when others are fearful."

I'm with Warren on this one. This is a major buying opportunity to pick up quality stocks at a discount as nervous investors unload uranium like crazy. Here's why:

This kneejerk reaction is grossly overdone. The iShares Japan index fund is down just -6% since the earthquake yet uranium producers in North America with minimal ties to the situation are down -25% or more. That doesn't make sense.

The ruined reactors consume just 2% of the world's uranium. The other 435 reactors worldwide will be as hungry as ever for uranium, even if Japan scales back its usage.

India and China are still fully on board. China plans to triple the size of its reactor fleet from 13 to 40 over the next decade. India wants 10 times as much nuclear power. That puts steady pressure under uranium prices.

No matter what happens in Japan, nuclear energy is not going away. Think about the BP oil spill in the Gulf of Mexico. Naysayers said there would be a permanent ban on exploration -- but we're drilling again. At the end of the day, our voracious energy needs outweigh the risk of an isolated incident.

As Buffett suggests, it takes guts... but taking stocks off the hands of panicky sellers almost always pays off in the long run.

So I'm a buyer at today's prices. I think uranium stocks will regain all their lost ground and a whole lot more.

Not to mention... there's a looming squeeze on uranium prices coming out of Russia that few people are aware of. When it hits, uranium could go through the roof.

[Bruce the Stock Guy]

Wadda ya think bruce, good price yet? <<<<<Zero volume says..Not low enough..

[otterman]

Wadda ya think bruce, good price yet?

[Pro-Life]

Some uranium companies are down 20-40%... ouch!!!

[CHA$E]

This low float startup Uranium Explorer is doing everything right...

... solid land bank in a most prolific area,
... working with a state of the art new Induced Polarization system and a solid bankroll.


This will be an interesting story to follow.


:)

[CHA$E]

February 2011 layout for Athabasca Uranium

...presentation

http://www.athabascauranium.com/images/files/UAX-Corp-Presentation-feb-2011.pdf

...worth a view

:)

[CHA$E]

Moore Lake Info....


...found here

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


:)

[Pro-Life]

This company is operating in a perfect area.

[Pro-Life]

Share price has moved significantly in the last 4 months...