Green Shift Commodities Ltd. (GRCMF)

[Tommy]

$UWEFF - U3O8 Corp. is proving that the Berlin Project in Colombia has the size
and market advantage due to its suite of commodities to deliver robust
project economics.

http://u3o8corp.com/docs/News%20Brief/UWE%20October%20Update_Final_oct%202%2012.pdf

[Tommy]

Nuclear Power’s Critical Role in World Energy Mix Will Boost Uranium Demand

http://uraniuminvestingnews.com/12660/nuclear-power-uranium-demand-price-merger-acquisition.html

Ask a room full of resource analysts whether they’re bullish or bearish on uranium and most will answer bullish — then break into a half-hour lecture on why.

Rick Rule, resource investment guru and chairman of Sprott US Holdings, recently called uranium’s weak spot price an “anomaly that won’t last very long.” He asserted, ”[t]here are more nuclear plants under construction today than in the past three decades. They’re going to be buying uranium.”

David Sadowski, geologist and Raymond James analyst, said his firm is “definitely bullish on the outlook for uranium. Although prices have softened in recent months, we have a very strong conviction that this trend is soon to reverse and investors should be exposed to uranium today.”

The Fukushima Disaster 18 months ago continues to weigh heavily on the uranium market and is casting a shadow of uncertainty. Utility companies, noted for their cautious conservatism, are holding back on purchases in the U308 spot market and are waiting to see whether or not Japan and Germany are serious about shelving their nuclear programs. Last week, TradeTech’s spot price indicator slid another 90 cents to $46.50/lb, its lowest level in two years.

Turning away from nuclear power “not feasible”

Jeb Handwerger, analyst and founder of Gold Stock Trades, told Uranium Investing News that he believes “we are very close to the bottom in spot prices. The market is beginning to realize that nuclear power has a future in the world’s energy mix.”

Handwerger sees the post-Fukushima government rhetoric against nuclear power in Japan and Germany as purely political and shortsighted. “For modern industrial nations facing skyrocketing electricity prices it’s impossible to meet energy demands without incorporating nuclear power into their energy mix.”

He noted that the crisis in Fukushima was the result of a natural disaster — a magnitude-9 earthquake that resulted in a cataclysmic tsunami — not a nuclear accident. That same earthquake caused a hydroelectric dam in the Fukushima district to collapse, destroying thousands of homes and killing hundreds of people; yet there was no huge public outcry against the use of hydroelectric power.

Today, governments around the world are looking to increase energy production from reliable sources while reducing their carbon footprint. Most understand that nuclear power is a crucial part of the solution to rising energy demand. “It’s not feasible to turn away from nuclear power without grave economical costs to a modern industrial nation,” explained Handwerger. “It’s ridiculous to bet your energy future on one solution, like solar or coal or natural gas.”

Nuclear power’s importance recognized globally

Countries are building nuclear reactors. Sadowski pointed out in his interview with The Energy Report that “there are nine more reactors in the planned and proposed category today than there were before [Fukushima].”

Nuclear power reactors are under construction not only in energy-hungry nations like China and India, but also in oil-rich Saudia Arabia and the United Arab Emirates. “What this means to me is that even the countries with tons of oil know nuclear is the future. The 21st century is going to be nuclear,” said Jeb Handwerger.

It’s not just governments. According to Handwerger, “big money is also realizing where the future of energy is going.” For example, Shaw Group (NYSE:SHAW), which is building four reactors in Georgia and South Carolina, was recently taken over by Chicago Bridge & Iron (NYSE:CBI) for $3 billion because of its position in the nuclear industry. The new company, CB&I Shaw, will have a hand in building nuclear power plants, gas-processing plants and oil storage tanks.

Another great example, according to Handwerger, is Bill Gates’ position as one of the primary investors in TerraPower, a nuclear reactor design company. “Gates has invested tens of millions of dollars. To me, that’s a testament that forward-looking people know that when it comes to power, you need a mix. And that mix has to include nuclear,” he said.

All this nuclear development will require more uranium than above-ground supplies can provide, creating opportunity for uranium miners and the investors who believe in them.

“We’re seeing countries around the world building reactors. So we can expect to see more utilities signing long-term supply deals like the one Paladin just signed,” noted Handwerger. Paladin Energy (TSX:PDN,ASX:PDN) recently hooked a six-year supply deal under which an unidentified utility will give the Australia-based miner an upfront payment of $200 million for 13.73 million pounds of U308. Payment will be made in 2013, but Paladin does not have to start delivering until 2019. Handwerger calls the deal “a significant development that tells me utilities are in disparate need of uranium.”

Uranium set to rebound

The world consumes nearly 180 million pounds of uranium annually, yet production only totals about 140 million pounds. Secondary supplies from the highly-enriched uranium agreement (HEU) with Russia is set to expire next year, which, said Handwerger, has yet to be factored into uranium share prices. Sadowski has said the end of the HEU agreement will remove about 13 percent of global annual supply.

Raymond James is forecasting a three-year supply shortfall beginning in 2014, with prices climbing past $70/lb in 2014 to average about that in the long term. Morgan Stanley sees prices starting to rebound in 2014 on a supply deficit to average $69.50/lb in 2020.

Notable improvements in the share prices of uranium stocks signal the beginning of a turn in the uranium sector, Handwerger believes. “Risk-on appetite is growing. Supply/demand fundamentals are healthy. Cameco (TSX:CCO,NYSE:CCJ) and Paladin shares, among others, are rebounding and beginning to move above the 200-day moving average, a key pyschological level, for the first time in many months.”

He also pointed out that several uranium stocks have had huge volume days recently, including Denison Mines (TSX:DML,AMEX:DNN) and Uranerz Energy (TSX:URZ,AMEX:URZ). “Uranium investors are beginning to sense that the uranium price is bottoming and that uranium miners are on the verge of a potential upswing. As we’ve seen in the past, when this sector turns it does so aggressively.”

M&A activity likely to increase

Most in the industry say spot prices must reach around $70/lb to make the majority of uranium projects economical. The general consensus is that spot prices will probably sit low for at least the next year or so since major utilities are covered for supplies in the short term. Given that environment, it will be hard for some juniors to weather the storm. Handwerger told Uranium Investing News that investors can expect to see a lot more merger and acquisition (M&A) activity in the coming months and years. “There are so many juniors out there with ridiculously low valuations — they’re sitting at a huge discount,” he said.

Besides Cameco, which has admitted it is hungry for acquisitions, other majors in the uranium space that no doubt have an eye out for possible takeover targets include Uranium One (TSX:UUU), AREVA (EPA:AREVA) and Rio Tinto (NYSE:RIO,ASX:RIO,LSE:RIO). Handwerger believes that companies in Europe and the Americas that are close to production will be the most favored.

Uranium companies to keep an eye on

Europe, which boasts 160 nuclear reactors, is the highest per capita user of nuclear power as a continent in the world, according to Handwerger. In Europe, he likes European Uranium Resources (TSXV:EUU), which counts AREVA (10 percent) as one of its major shareholders. The company controls the Kuriskova deposit in Slovakia, which could become one of the lowest-cost uranium mines in the world.

The United States — home to nearly a quarter of the world’s nuclear reactors — presents an interesting and potentially lucrative opportunity for investors. It consumes 55 million pounds of uranium a year and produces as little as 4 million pounds. Here, Handwerger likes three near-term producers: Uranium Energy (AMEX:UEC), Uranerz, and Ur-Energy (AMEX:URG,TSX:URE).

Handwerger especially favors well-propertied companies like Denison, UEX (TSX:UEX) and Fission Energy (TSXV:FIS), all of which have projects in Canada’s Athabasca Basin. “In this region you have extremely economic deposits and high grades — grades that are not seen anywhere else in the world.” Canada recently signed a uranium supply agreement with China that allows Canadian companies to export uranium to the Asian nation.



Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

Jeb Handwerger holds direct investment interest in European Uranium Resources, Ur-Energy, Uranerz Energy and Denison Mines.

[Tommy]

U3O8 Corp's Exploration Drilling Extends Mineralization a Minimum of 6.3km Along Trend on the Berlin Project, Colombia

http://finance.yahoo.com/news/u3o8-corps-exploration-drilling-extends-104500122.html

[riskybiz1]

from 7 million pounds to 50 million pounds in a year.

http://www.dailymarkets.com/stock/2012/08/13/this-junior-uranium-miner-has-grown-resource-base-seven-fold/

[riskybiz1]

this one lookin good here. company growing fast.

[Tommy]

U308 Projects

http://www.u3o8corp.com/main3.aspx?id=9

[Tommy]

Radiation

http://www.u3o8corp.com/main3.aspx?id=99

[Tommy]

Nuclear Energy

http://www.u3o8corp.com/main1.aspx?id=97

[Tommy]

Uranium Mining

http://www.u3o8corp.com/main1.aspx?id=100

[Tommy]

Uranium Industry

http://www.u3o8corp.com/main1.aspx?id=20

[Tommy]

U308 Fact Sheet

http://u3o8corp.com/docs/Fact%20Sheet/2012%20Fact%20Sheets/FactSheet_Final_may%2028%2012_to%20press.pdf

[21ZNA9]

Very nice trading day today.

[sumisu]

Uranium spot price continues to firm up

under News . Trading October 27th, 2010 by IFandP Newsroom

http://www.ifandp.com/article/007859.html

In the week ended October 25, 2010, the uranium spot price continued its upward trend by advancing US$2.75/lb, breaking the US$50-mark and settling at US$52.00/lb.

The Ux Consulting Company reported an increase in the uranium oxide price of US$5.50 over the past month. In terms of conversion rates, North American and European conversion rates both stood at US$13.00/kgU, remaining unchanged over the same monthly period while UF6 values per kgU increased US$14.37 both in Europe and across the pond, reaching a value of US$148.87.

[sumisu]

U3O8 Corp. Extends Near-Surface Uranium Mineralization Over a 28km2 Area in the Laguna Salada Project, Argentina

Free-Digging Surficial Uranium in Sandy Gravel Offers Low-Cost Mining Potential

TORONTO, ONTARIO--(Marketwire - Oct. 27, 2010) - U3O8 Corp.

http://finance.yahoo.com/news/U3O8-Corp-Extends-NearSurface-ccn-2860292155.html?x=0&.v=1

[sumisu]

U3O8 Corp. Confirms Continuity of Uranium, Vanadium & Phosphate Mineralization Over 3km in Sandstones in the Berlin Project, Colombia

Exploration Results Underscore Potential for a Large Multi-Commodity Resource

Press Release Source: U3O8 Corp. On Thursday August 26, 2010, 6:45 am

http://finance.yahoo.com/news/U3O8-Corp-Confirms-Continuity-ccn-3415366805.html?x=0&.v=1

[sumisu]

U3O8 Corp. Confirms Continuity of Uranium, Vanadium & Phosphate Mineralization Over 3km in Sandstones in the Berlin Project, Colombia

Exploration Results Underscore Potential for a Large Multi-Commodity Resource

Press Release Source: U3O8 Corp. On Thursday August 26, 2010, 6:45 am

http://finance.yahoo.com/news/U3O8-Corp-Confirms-Continuity-ccn-3415366805.html?x=0&.v=1

[basserdan]

India's growing appetite for uranium

With India's nuclear market pegged to grow to $40 billion by 2020, the country's annual uranium requirement is expected to jump by 1,500-2,000 tonnes.

Shivom Seth
Tuesday , 13 Jul 2010

MUMBAI -

India is keen to shore up its uranium stockpile. Even as several state-owned firms identify mineral assets and are in the midst of floating separate ventures in foreign countries to buy out uranium reserves to feed the country's voracious appetite for power and to maintain energy security, the Asian major's civil nuclear plants are set to benefit from imports from friendly countries.

Russia, which holds about a tenth of the world's uranium reserves, is aiming to be a major supplier to the Indian nuclear power industry. The two countries have decided to work on the creation of a joint venture for geological exploration and production of uranium.

Currently, India produces only about 450 metric tonnes of uranium. Given the recent announcements of construction of new nuclear power plants, which is second only to China, India is keen to source regular supplies at low prices. The country's annual uranium requirement is expected to jump by an additional 1,500-2,000 tonnes. Analysts havesaid that India's nuclear market is set to grow to around $40 billion by 2020. But firm prices could play spoil the party.

A newswire agency report had indicated that worldwide demand for uranium was eroding stockpiles and would result in prices rising to $55 a pound next year. Adam Schatzker, a metals analyst at RBC in Toronto, and Max Layton, at Macquarie Bank Ltd in London, had also forecast that uranium prices were set to climb to $56.25 next year, and $60 in five years.

Though nowhere close to the record $136 a pound registered in July 2007, India is keen to ensure that it has assured supplies of uranium to provide fuel for nuclear reactors, that will generate energy to drive its ensuing economic boom.

The country has 14 nuclear power plants that are used for peaceful purposes. But these contribute only 4% a year to the country's electricity needs. Plans are afoot for a massive increase in atomic power generation aimed at reducing the country's reliance on polluting fossil fuels.

Seeking to buy uranium, government officials in India recently had several meetings with their business counterparts in Canada and Australia. The previous Liberal government in Australia had received international standard safeguard agreements from India and thus had cleared the way for uranium sales. However, this year, major uranium exporter Australia, has refused to sell uranium to India unless it signs the Nuclear Non-Proliferation Treaty. Despite the setback, several other countries are eager to breast the tape.

Ban lifted

In September 2008, a three-decade ban on nuclear supplies to India was lifted, following which the government signed civil nuclear agreements with several countries. In Africa, Gabon has said that it was not averse to supplying uranium to India and was willing to enter into a commercial transaction. The Indian government is said to be studying the possibility of reciprocating by enhancing its civil and military cooperation with Gabon. India has already signed agreements with USA, France, Russia and Kazakhstan to supply uranium. Of these, France has already completed its supply, whereas part supplies have been received from Russia, a top government official said. Now, the country is evaluating picking up stake in one of the world's largest uranium fields in Russia.

Russia's state-owned mining firm, ARMZ Uranium Holding Company, has the licence to the Elkon field. A stake was offered to India in the course of bilateral negotiations during the Russian Prime Minister Vladimir Putin's visit to India earlier this year. The possibility of a minority equity stake in the Elkon field in Russia's Yakutia province, which is estimated to hold 344,000 tonnes of uranium or about 5.3% of the world's recoverable reserves, is being seen by analysts as a step by India towards securing long-term supplies.

Confirming the trend, an official in India's foreign ministry said: ``India plans to grow its stockpiles of uranium in anticipation of a nuclear plant building boom. This is set to have a direct implication on uranium price targets and supply-demand fundamentals.''

Not so long ago, Russia had entered into an agreement to supply 2,000 tonnes of nuclear fuel to India. The Russian state-owned firm TVEL Corporation was deputed to supply about 210 tonnes of uranium during 2010-11. Sources indicated that during the last fiscal, about 120 tonnes of natural uranium and 58 tonnes of enriched uranium were received from Russia.

Last month, India also signed a civil nuclear pact with Canada, which would enable the South Asian nation to secure uranium at a set price. Cameco, one of the world's largest uranium miners, has said that Canada could soon be exporting 2,000 tonnes of uranium to India annually.

``India does not have a domestic uranium supply that is capable of supporting its expansion plans. Our agreement will give us the opportunity to serve this market,'' Cameco director Lyle Krahn has been quoted as saying. Cameco, which is based in Saskatoon, is also setting up an office in Hyderabad.

Buy out

Not that the country is only interested in imports. India is also looking at buying out uranium reserves. State-owned aluminium major, Nalco, has identified mineral assets in Chile, Namibia and Indonesia. ``We have zeroed in on three mining reserves and are considering floating special purpose vehicles in the countries concerned for the acquisition,'' Nalco director, B L Bagra, told reporters recently.

In a bid to secure raw material to run its diversified portfolio, the aluminium producer has been scouting for uranuim, bauxite, coal and copper reserves outside India. Nalco has identified a bauxite mine in Chile, a copper mine in Namibia and a coal block in Indonesia. For uranium assets overseas, the company is to team up with the Nuclear Power Corporation of India, with whom it already has a joint venture to set up nuclear power plants.

India is also expected to produce indigenous uranium to feed its existing and upcoming reactors in the near future. Earlier, an Indian firm had discovered high grade uranium 600 km from Bangalore, at Gogi village in Gulbarga district. It was touted as the highest value uranium deposit found outside Canada and Australia. Relentless exploration for 12-years by the Hyderabad-based Atomic Minerals Directorate for Exploration and Research found large traces of the rare mineral.

Several Indian firms too have invested in uranium fields. Back in 2008, Jindal Steel & Power (Mauritius) Ltd, bought the entire stake in a uranium asset in Mongolia, which was jointly owned by Canadian firms Bluerock Resources and Uranerz Energy Corp, for $2.6 million. Mongolia has about 2% of the world's uranium reserves.

Another small Mumbai-based firm, Taurian Resources, bagged exclusive rights for the exploration and mining of uranium in the Arlit region of Niger, which is the fifth largest supplier of uranium globally. The initial foray into Niger's uranium mining industry has had other Indian firms lining up.

India expects to have 12 new reactors running by 2020, consuming an extra 1,500 tonnes of uranium per year. With India reportedly leading the biggest atomic expansion since the decade after the 1970's oil crisis, the country's high-powered efforts could well pay off, ensuring guaranteed uranium supply.

http://www.mineweb.co.za/mineweb/view/mineweb/en/page72103?oid=107883&sn=Detail&pid=102055

[sumisu]

Uranium Bottoming as China Boosts Stockpiles

By Bloomberg News - Jul 12, 2010

http://www.bloomberg.com/news/2010-07-11/uranium-bottoming-as-china-boosts-stockpiles-with-10-000-tons-from-cameco.html

[sumisu]

U3O8 Corp. Intersects 36.5 Metres at 0.09% (1.8 Pounds Per Short Ton) U3O8 in a New Target in the Kurupung Project, Guyana
Scout Drilling Showing That the Kurupung Could Host a Potentially Large Uranium Resource

Press Release Source: U3O8 Corp. On Wednesday July 14, 2010, 6:45 am EDT

TORONTO, ONTARIO--(Marketwire - July 14, 2010) - U3O8 Corp. (TSX VENTURE:UWE - News), a Canadian-based company focused on uranium exploration and resource expansion in South America, reports the discovery of a ninth uranium-bearing structure, the Aricheng C target, in the Kurupung Batholith in Guyana (Figure 1). Assay results from the scout drilling suggest that the Kurupung structures identified to date may contain a conceptual target of 10-15 million tonnes at a grade of 0.08% to 0.10% U3O8 (for an estimated 20-25 million pounds U3O8) including the initial National Instrument 43-101 ("NI 43-101") resource estimate of 5.8 million pounds U3O8 Indicated and 1.3 million pounds U3O8 Inferred(1).

"The discovery of Aricheng C marks a break-through in the exploration of the uranium-bearing fault system in the Kurupung," said Dr. Richard Spencer, U3O8 Corp's President and CEO. "We knew that uranium occurred within faults that could be identified through geophysics, but with Aricheng C, we now know which parts of the fault system are more likely to contain greater uranium content. Given the efficiency and success of our geophysical targeting, the scout drilling required to test those targets has been extended to December 2010 with the aim of further increasing the potential size of the Kurupung uranium district. We have drilled only a small part of the extensive fault network in the Kurupung and we believe that further drilling will add to our inventory of mineralized structures poised for resource estimation."

Uranium in the Kurupung Batholith is geologically similar to albitite-hosted deposits worldwide that typically host resources in the 50-130 million pound range, contained within multiple structures(2).

continued in following link:

http://finance.yahoo.com/news/U3O8-Corp-Intersects-365-ccn-2655419810.html?x=0&.v=1