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CMF & OBV
Check it out, link back. This will go, when it's ready. Soon.
fringe
Now She Runs From Here -e-
EMC.TO Now.....
... and time for a new look. Getting ready to make a move.
Energy Metals Announces Completion of $28,600,000 Non-Brokered Private Placement
Friday April 21, 3:11 pm ET
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 21, 2006) - Energy Metals Corporation ("EMC" or the "Company") (TSX VENTURE:EMC - News) announced the closing on April 7, 2006 of the brokered portion of its previously announced private placement financing for gross proceeds of $30,250,000.
The Company's non-brokered financing announced March 17, 2006 of 4,000,000 units (the "Units") with an over allotment of 1,200,000 Units, was fully subscribed. Directors, officers and employees of the Company purchased a total of 247,200 Units of the placement totaling $1,359,600 and representing 5% of the non brokered private placement proceeds.
Each Unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant is exercisable for a period of two years from the closing date, for one common share of the Company at a price of $6.50 per share. The Company shall have the right, 180 days after Closing, to call the outstanding warrants should the common shares trade above $7.50 for 20 consecutive trading days.
In connection with the non-brokered portion of the private placement the Company has paid finders fees totaling $265,700 in cash and issued 47,764 Shares Purchase Warrants to 9 finders. The Share Purchase Warrants are exerciseable into one common share of the Company, at a price of $5.50 per share until April 13, 2008.
All of the securities issued pursuant to the non-brokered private placement are subject to a hold period expiring August 14, 2006.
The gross proceeds for both the brokered private placement, which closed on April 7, 2006, and the non-brokered private placement totaled $58,850,000.
Proceeds from the brokered and non-brokered private placements will be used to fund further exploration and development of the La Palangana uranium property in Texas, refurbishment of the recently acquired Hobson Central ISL uranium processing facility, the advancement of its Wyoming properties, for potential acquisitions and for general corporate purposes.
The Company also wishes to announce that it has granted stock options to directors, officers and employees of the Company in the amount of 450,000 common shares in the capital stock of the Company, at a price of $7.10 per share exercisable up to and including April 21, 2010.
The securities described herein have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States unless registered under the Act or unless an exemption from registration is available.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
Time for a Consolidation Break...
Don't go too far away LOL.
fringe
Huge Continuation -e-
$6.50 Almost Attained Now -e-
Now... Big Bang Coming
The one I have bene waiting for.
fringe
Reversal Completed, Time for a Breather -e-
Looking for a Reversal Here, Soon...
Bottom Channel Line approacheth.
Chart is now in iBox above.
fringe
Chart Went Negativo Today....
But has given out lots of warning of the impending turnover.
Time for a review of the fundamentals.
fringe
Major hanlde forming here...
...for a huge continuation play. Link back to the chart, above.
fringe
Energy Metals Corporation and Standard Uranium Inc. Business Combination Update
Vancouver, British Columbia, January 30, 2006: Energy Metals Corporation (TSX-V: EMC) ("Energy Metals") announces the following update further to its news release dated November 10, 2005, whereby Energy Metals and Standard Uranium Inc. (TSX-V: URN) agreed to enter into a business combination, such that Standard Uranium will become a wholly owned subsidiary of Energy Metals (the "Standard Uranium Transaction").
Standard Uranium has set its annual and special general meeting for March 10, 2006 to seek shareholder approval for the Standard Uranium Transaction. The Standard Uranium Transaction contemplates Energy Metals acquiring all of the issued and outstanding common shares of Standard Uranium, on the basis of 0.64 common shares of Energy Metals for every 1.00 common share of Standard Uranium.
The Company has also granted 100,000 stock options exercisable at a price of $4.15 per share for a period of four years to officers and employees of the Company. The stock options are subject to vesting as to 25% upon issuance and 25% each six months thereafter pursuant to Company's Stock Option Plan.
Energy Metals is a Canadian listed company involved in developing resources to power the 21st century. The Company has adopted a corporate strategy to focus on the acquisition and development of uranium assets in politically favorable and mining-friendly jurisdictions within the United States to take advantage of the continuing growth in the U.S. and worldwide of demand for electrical energy. This increasing consumption is occurring at a time when uranium mine supplies are dwindling and inventories are being depleted.
The Company is targeting advanced uranium prospective properties in Wyoming, Texas and New Mexico that are amenable to ISL (in-situ leaching). This form of uranium mining was pioneered in Texas and Wyoming. It utilizes water wells and oxygen-fortified groundwater to mine the uranium in place. Energy Metals is also actively advancing other conventional mining and ISL opportunities for uranium properties in the States of Utah, Nevada, Oregon and Arizona.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Energy Metals Corporation
Paul Matysek, CEO and President
604-684-9007
Bill Sheriff, Corporate Development, Director
1-972-333-2214
Ran Davidson, Corporate Communication
604-697-5688
Arctec... Huge! Thanks -e-
Energy Metals Announces Closing Of Us$7 Million Loan Agreement With Standard Uranium Inc.
Vancouver, British Columbia: January 12, 2006 Energy Metals Corporation (TSXV: EMC) ("EMC") is pleased to announce that it has closed the US$7 million Loan Agreement (the "Loan") with Standard Uranium Inc. (TSX-V: URN) ("URN") announced November 10th 2005 .
The Loan, evidenced by way of a secured convertible debenture of up to US$7,000,000 issued by URN to EMC, bears an interest rate of 4% per annum and is secured against certain assets acquired by URN from Everest Resources Company with US$5,205,000 of the Loan proceeds. The remaining proceeds available under the convertible debenture will be advanced upon URN providing notice to EMC. Certain portions of the principal amount of the Loan (the "Conversion Portion") shall be convertible, from time to time, into common shares of URN at the rate of CDN$1.45 per common share of URN (the "Conversion Shares") upon 60 days written notice to URN from EMC (the "Exercise Notice"). The Conversion Portion cannot exceed the dollar value equal to CDN$1.45 multiplied by 19.5% of the common shares of URN issued and outstanding on the date of the Exercise Notice. However, upon receipt of the Exercise Notice, URN shall have the option, within the 60 day notice period, of (i) prepaying the Conversion Portion and all outstanding interest; or (ii) issuing the Conversion Shares. Any shares issued on the conversion of the debenture will be subject to a four month hold period commencing January 5, 2006.
The amount advanced has been applied by Standard's indirect subsidiary to the acquisition of the Hobson processing plant, the associated satellite mining facilities and a Texas database, as well as certain leases covering the Palangana mining property, located in Karnes County and Duval County respectively, as announced in Standard's January 10, 2006 press release.
The TSX Venture Exchange has conditionally approved the Loan, subject to URN filing final documentation.
EMC and URN are advancing the business combination that was previously announced on November 10, 2005. The parties have completed their initial due diligence procedures in accordance with the terms of the November letter of intent and are currently preparing the various required documents to obtain all the necessary approvals, including shareholder approval.
Energy Metals Corporation is a Canadian listed company involved in developing resources to power the 21st century. The Company has adopted a corporate strategy to focus on the acquisition and development of uranium assets in politically favorable and mining-friendly jurisdictions within the United States to take advantage of the continuing growth in the U.S. and worldwide of demand for electrical energy. This increasing consumption is occurring at a time when uranium mine supplies are dwindling and inventories are being depleted.
The Company is targeting advanced uranium prospective properties in Wyoming, Texas and New Mexico that are amenable to ISL (in-situ leaching). This form of uranium mining was pioneered in Texas and Wyoming. It utilizes water wells and oxygen-fortified groundwater to mine the uranium in place. Energy Metals Corporation is also actively advancing other conventional mining and ISL opportunities for uranium properties in the States of Utah, Nevada, Oregon and Arizona.
For further information, please contact:
Energy Metals Corporation
Paul Matysek, CEO and President
604-684-9007
Bill Sheriff, Corporate Development, Director
1-972-333-2214
Ran Davidson, Corporate Communication
604-697-5688
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
EMC.V
At this point it's a breakout play. If it holds these levels (and I think it will) it will really go places.
fringe
Sorry wrong choice of words not watch but its a continuation buy! Nice play so far on your part Jeff!
Watch?
I have 13.5K shares. I am laughing from $3.20... it just broke out.
Jeff
Hey Fringe,
Time to watch more closely, wouldn't u say?
>
>
TSX Breaking Out Into New Territory
.
fringe
Nice Pop.
RSI heading into power zone. Cannels are working nicely.
fringe
Nice chart thanks, the $6.50 part is working for me.
Annotated Six Month Chart w/ Targets
... showing Resistance/Support levels going forward. First one at $3.45 was met and broken on the close, Friday Dec. 09, on a run from 3:30 P.M. Very smart investros getitng in at teh last minute... and bullish on the chart.
Interestingly enough, the chart is at a bit of a cusp... failure at these levels would imply an H&S Top.
Except, that isn't going to happen. This is a continuation pattern here, MACD's and PP and Money Flow and ChiOsc building and growing.
The PPS is at the beginning of a new trend, the channel lines fully described and set. Notice the inclusion, use and relevance of the mid-channel line, almost Raff Regression-style.
I expect that the possibility of the published analyst $6.50+/- target could be met on the next leg up.
.
fringe
For EMC Info See iBox Header ^ABOVE^
I Spoke Too Soon!
Strong buying into the EOD!!!!
Love it!
fringe
Big DOJI on the Day.....
... taking place, on decent volume for the stock. Nice 5MA bounce.
fringe
Will Run Off the MA5 Later Today or Monday -e-
Energy Metals Acquires 16 New Mexico State Leases
Vancouver, British Columbia, December 5, 2005: Energy Metals Corporation (TSXV: EMC) ("Energy Metals") is pleased to announce that it has acquired, by competitive sealed bid, 16 New Mexico State Land Office Mining Leases for General Mining. These leases are primarily located within the Grants Uranium District of northwestern New Mexico, principally in McKinley County. None of the leases are on the Navajo Indian Reservation. All of the properties are considered to have potential to host uranium mineralization. The properties consist of 16 separate leases totaling 8792.76 acres. Several of the properties have seen past exploration indicating the potential for significant uranium mineralization.
The principal parcel of interest, Section 32, is a 640 acre tract that was identified as part of the Nose Rock Project uranium deposit, formerly held by Phillips Uranium Corporation, in an Internal Correspondence report from Union Carbide Corporation, dated December 17, 1982. This correspondence noted a presentation made by Phillips on November 11th of the same year where the Phillips' Nose Rock Project was reviewed. The Nose Rock Project encompassed parts of 7 Sections with historically identified uranium resources, including Section 32 which was reported to contain 8 million pounds of U3O8. The overall resource calculations were done by a number of methods and that Phillips Uranium Corporation was satisfied with the numbers calculated for the entire deposit. The data were computerized and statistical analysis had been completed. Drill holes were spaced at 125 to 150 foot intervals, with close spaced drilling on selected fences. The overall grade of the larger deposit was calculated to be 0.143% U3O8 fully diluted, based on a cutoff of 8 feet at 0.075% U3O8. The ore thickness of the deposit averaged 10 feet. The resource calculations were based on more than 550 drill holes of which at least 10% were core holes. The mineralization occurs as roll front deposits in the Westwater Canyon Member of the Morrison Formation and shows no apparent disequilibrium, with no reported vanadium and trace amounts of molybdenum. The anticipated mining method was underground, although the deposits in this area may be amenable to ISL production.
Other leases are located in the Crownpoint, Rio Puerco, and Ambrosia Lake areas. The Grants Uranium District is considered one of the premier uranium mining districts in the world. It is the largest uranium producer in the United States with documented past production exceeding 340 million pounds U3O8.
Readers are cautioned that while the historical resource estimate is considered relevant, Energy Metals Corporation has not done the necessary work to verify the classification of the resource, and the reader should not rely upon the historical resource estimates. The Company's management and consultants intend to carry out a mineral resource estimate to National Instrument 43-101 requirements in due course.
The Company is also pleased to announce it has completed the sale of 2,000,000 shares at a price of $3.10 per share for gross proceeds of $6,200,000. The Shares are subject to hold a period under Canadian securities laws and the policies of the TSX Venture Exchange, and may not be traded in Canada until April 2, 2006.
Energy Metals Corporation is a Canadian listed company involved in developing resources to power the 21st century. The Company has adopted a corporate strategy to focus on the acquisition and development of uranium assets in politically favorable and mining-friendly jurisdictions within the United States to take advantage of the continuing growth in the U.S. and worldwide of demand for electrical energy. This increasing consumption is occurring at a time when uranium mine supplies are dwindling and inventories are being depleted.
The Company is targeting advanced uranium prospective properties in Wyoming, Texas and New Mexico that are amenable to ISL (in-situ leaching). This form of uranium mining was pioneered in Texas and Wyoming. It utilizes water wells and oxygen-fortified groundwater to mine the uranium in place. Energy Metals Corporation is also actively advancing other conventional mining and ISL opportunities for uranium properties in the States of Utah, Nevada, Oregon and Arizona.
Andrew W. Gourlay, P. Geol., a qualified person as defined by National Instrument 43-101, supervised the preparation of the technical information in the release.
For further information contact:
Paul Matysek, CEO and President of Energy Metals Corporation
Tel: (604) 684 - 9007
Email: pm@energymetalscorp.com
Or
William M. Sheriff, Director of Corporate Development
Tel: (972) 333-2214
Email: wms@energymetalscorp.com
ON BEHALF OF THE BOARD OF
DIRECTORS OF ENERGY METALS CORPORATION
Per: "signed"
Paul Matysek, M.Sc., P.Geo.
CEO and President
trosh
Thanks, and good to see you here.
EMC.V is one of my top spots in my RRSP. Solid build on this one. Weekly chart is a bull.
fringe
Congratulations for the new board.
EMC has moved up my charts to enter the top 5 also. Seeing some developments lately that look good for the next several years. Look forwrd to checking in from time to time.
Best
Terry
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