Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Athabasca Upbeat on Saskatchewan Results
6/26/2012 12:43:09 PM | Stockhouse Editorial
“Athabasca’s exploration team will further examine all results with an eye to making a world class discovery,’’ said President Gil Schneider.
Athabasca Uranium Inc. (TSX: V.UAX, Stock Forum) said it is encouraged by exploration results from its Keefe Lake uranium project in the Athabasca Basin area of Saskatchewan.
“The company is extremely pleased with results to date,’’ remarked UAX President Gil Schneider in a press release. “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,’’ he said.
“Athabasca’s exploration team will further examine all results with an eye to making a world class discovery.’’
Unchanged at 13.5 cents on Tuesday, Athabasca has a market cap of $7 million, based on 52.2 million shares outstanding. The 52-week range is 27 cents and 13 cents.
Hey Doubloon,
I know the Keefe Lake survey is quite promising but what was that about Volhoffer Lake? Any ideas?
Im not sure if they snuck in something or if it was just status quo with the process.
I like the way "world class discovery" sounds in any case.
Athabasca Uranium Encounters Additional Uranium Intervals at Keefe Lake
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.
Source: PR Newswire (http://s.tt/1fWUX)
A Major Uranium Supply Gap Is Looming
By: The_Energy_Report
With Japan set to restart reactors and Russia's Megatons to Megawatts program near its expiration date, Analyst Edward Sterck thinks uranium stocks could pick up momentum, even if uranium prices show no inclination of heading north. In this exclusive interview with The Energy Report, Sterck warns of a supply-demand gap that could hit the world as early as 2015. In the meantime, consolidation is the name of the game.
The Energy Report: Why is the uranium market still down more than a year after the Fukushima accident?
Edward Sterck: While the uranium price is lower than it was immediately prior to Fukushima, it's important to remember that it is at a higher level than we saw in mid-2010, which was only six months before Fukushima. At that time, the uranium price was in the mid- to low-$40s, and we're now in the mid- to low $50s. From that perspective, I think the market is looking more robust than it did in 2010 despite the impact of Fukushima.
Uranium prices appear to have established a base in the mid- to low-$50s, but are now drifting along without any particular inclination to head higher. The main things keeping a brake on uranium prices are the current supply-demand balance and also some residual uncertainty regarding Japanese reactor restarts and the issuance of new reactor licenses in China, which were suspended after the Fukushima accident. I think we could see some positive news on both fronts in the not-too-distant future.
It looks increasingly likely that Japan will begin to restart reactors. Local opposition to reactor restarts was overcome last week, and the government appears to be getting closer to a definite restart decision, although the exact timeframe remains unknown.
In China, some nuclear regulators have come out publicly over the course of the last few months, saying that they will begin to issue new reactor licenses again, potentially as early as June. We could possibly see those licenses issued fairly shortly. In addition, at the beginning of June, the Chinese cabinet reportedly reconfirmed the country's commitment to its nuclear program, although exact details are yet to be released.
In summary, Japan and China's unfolding nuclear policies are potential catalysts we may see in the near future. These two short-term catalysts may not necessarily result in an increase in the uranium price, but I view them as being potentially positive for uranium stocks. Such events may derisk the outlook for the nuclear industry in the investment community, and therefore for uranium demand. This could draw capital back into uranium stocks and potentially result in a rerating of the market valuation multiples applied to them.
TER: Could a catalyst like the end of the reprocessing program in Russia turn the prices up again?
ES: The downblending of Russia's highly enriched uranium, derived from decommissioned Russian nuclear weapons, ends at the end of 2013. The so-called Megatons to Megawatts program currently produces the equivalent of about 23 million pounds (Mlb) per year. Although it's possible Russia may continue to downblend some material for internal purposes or sell its reactor technology to third-party countries, the resulting production will be greatly reduced. Even in 2013, the last year of the current deal, the quantity of material available to the market is expected be somewhat lower, at around 16 Mlb. However, the impact of that is somewhat difficult to ascertain with absolute certainty.
The program's output does represent a fairly large part of the market—around 12% of annual uranium demand. As such, one would expect some price appreciation after that material is no longer available to utilities. However, when you look at the procurement process for nuclear fuel, the utilities typically look at supply levels 18+ months ahead. So we're actually already coming into the timeframe where the Russian material is all spoken for, and the utilities should need additional sources of material from 2014 onward. But we haven't really seen a huge price movement to reflect any supply-demand shortfall there.
It's probably fair to assume that the increase in production from various parts of the world, particularly Kazakhstan, has been sufficient to offset the Russian material, at least for the time being, although we could see a supply-demand deficit opening up in the years after 2014.
TER: Given what you've said about China and Japan, will things pick up in the market over the summer? Or is it going to take a little longer than that to bounce back?
ES: The summer is traditionally a very quiet time in the nuclear space, as it is in capital markets in general. It's possible we could see some movement toward the end of the summer, but I think the world is still somewhat fixated on the uncertainty surrounding the Eurozone and the broader macroeconomic impact that any continued problems with the Eurozone might have. Until those are resolved, it's very difficult to make absolute calls on these sorts of things.
TER: Quite a few of the uranium stocks are down right now. Is this going to make them ripe for acquisitions?
ES: I think it's possible we could see a period of consolidation. There have been some transactions over the last year or so. ARMZ Uranium Holding Co. and Uranium One Inc. (UUU:TSX) bought Mantra Resources Ltd. (MRU:TSX) a little over a year ago. Extract Resources Ltd. (EXT:TSX; EXT:ASX) has been bought by China Guangdong Nuclear Power Group and another Chinese investor. In addition to that, Hathor Exploration Ltd. was purchased by Rio Tinto (RIO:NYSE; RIO:ASX) in December 2011. Given the current valuations, it's possible we could see some consolidation.
Most of the current producers are already currently spoken for, with the exception of Paladin Energy Ltd. (PDN:TSX; PDN:ASX). The other major listed producers have significant shareholders who can block any takeover acquisition, whereas Paladin has a broad shareholder base. In addition, its balance sheet is looking a little bit stretched at the moment and this could make the company vulnerable.
There are a couple of others out there that could be of interest. Denison Mines Corp. (DML:TSX; DNN:NYSE.A) is one. It has a couple of interesting projects, one in the Athabasca area with the Wheeler River project, on which it has a joint venture with Cameco Corp. (CCO:TSX; CCJ:NYSE). Cameco owns about 30% of that joint venture. Denison also has the Mutanga project in Zambia, which already has its mining license but probably needs to undergo some further exploration to develop critical mass. In addition, Denison has a 22.5% interest in the McLean Lake mill operated by AREVA (AREVA:EPA) at present.
TER: What about Bannerman Resources Ltd. (BAN:TSX; BMN:ASX)? It backed away from a cash offer from China's Sichuan Hanlong last year, but in your January interview, you told us it was still talking to some other potential buyers. Has the feasibility study that it has completed for Etango in Namibia changed things? Could these talks send the price up?
ES: We haven't really heard anything more on the talks from them. Bannerman has completed all of its technical and environmental studies. I suspect the company is probably in the process of consulting with various parties and seeing what interest there might be out there, but there is nothing specific in the market.
TER: Did that feasibility study show it would be viable?
ES: The feasibility study showed that the project is economic, but that it probably needs higher uranium prices, upwards of $70/lb, for it to be a viable stand-alone entity in current market conditions. Bannerman's primary project is the Etango project in Namibia. Its metallurgy is similar to Rio Tinto's Rössing operation, which is not too far to the north, and also similar to what was Extract Resources' Husab. The problem that Bannerman faces is that it appears to be just a little bit too low grade at current uranium prices.
For its share price to appreciate, Bannerman probably needs to see an element of merger and acquisition (M&A) interest. One of the interesting things about the Etango project is that although it's low grade and doesn't appear to be economic at least on my current estimates at existing uranium prices, it could be of interest to a strategic parastatal (quasi government-owned) organization. I think this is one of the reasons that the company has had discussions with various Chinese and other Asian groups in the past, the reason being that if you're a parastatal organization, possibly out of China, with a low cost to capital, then obviously the economics of the project are quite different. It has a very large resource base. So from a strategic perspective, it could be interesting.
TER: Which companies do you think will be hunting for bargains with the stocks down? Cameco plans to raise some money, so is it on the prowl right now? Which companies may be of interest?
ES: Cameco has just filed a short-form shelf prospectus. That doesn't necessarily mean it's actually going to raise money. I think it is just putting things in place to give itself some flexibility if it does decide to make a move. Cameco also has a strategy to double uranium production organically by 2018, for which it will need a certain amount of capital. But it should be able to fund the bulk of its needs from operational cash flow. The shelf prospectus just gives it some flexibility if there are any capex overruns or if it does want to consider making acquisitions.
Paladin may be of interest to Cameco, because it has two projects that are mostly technically derisked. It offers about 8 Mlb/year in production straight off the bat. Given the fact that its balance sheet is a bit stretched at the moment, it's possible that it could be vulnerable. The enterprise value is about $1.7 billion, so it would definitely be at the top end of what Cameco may be able to afford. Beyond Paladin, Denison, as I mentioned earlier, could also be of interest. Additionally, it is worth highlighting that while Paladin may demonstrate M&A appeal, the stretched balance sheet also means that potential investors could be faced with a liquidity event at some point in the future.
TER: Paladin experienced a labor strike in Kayelekera. Production was back up again in May, but could the strike further impact the company?
ES: I don't think it's going to have a significant impact. Paladin experienced around five days of reduced production at about 65% of normal capacity, so I don't expect the strike to significantly dent output unless there have been further issues that have not yet been publicly reported. However, Paladin has been fairly upfront about all of this, so I'm not really expecting any significant surprises there.
TER: In FYQ3, Paladin had a loss of $18 million. How is it going to do in Q4?
ES: We are expecting it to achieve breakeven in Q4. Looking into next year, I'm expecting it to move into a very modest profit over the course of the subsequent four quarters of the next year.
TER: What will propel Paladin's climb back into the black?
ES: Reducing operating costs at Kayelekera and perhaps tweaking the operating costs at Langer Heinrich may become a focus. However, the principal problem that Paladin faces is servicing its debt, because it's quite leveraged. The interest payments are pretty much offsetting the profitability from the mining assets at present, so restructuring its balance sheet is probably a priority for it to move toward sustained profitability.
TER: Aside from Cameco, are there other companies looking for bargains to pick up?
ES: If we look at the list of uranium producers, Uranium One has the option to buy the Mkuju River project off ARMZ, so I think from its perspective, it already has a fairly comprehensive pipeline of potential projects it could develop. I'm not necessarily sure that it would be going after or making any major acquisitions. Paladin's balance sheet probably couldn't support an acquisition currently, so I think that it will be focusing on its existing portfolio of projects and trying to pay down its debt position, perhaps focusing on reducing costs at Kayelekera. Then, if we look at Energy Resources of Australia Ltd. (ERA:ASX), a one-asset company majority owned by Rio Tinto, I think it's unlikely that it would be out making acquisitions. Cameco is really the most likely consolidator as I see it.
TER: Where will Cameco look to expand capacity?
ES: Its plan is to double production from around 20–40+ Mlb by 2018. The biggest component of that is Cigar Lake, which is gradually coming close to first production. Cameco's target is first production in mid-2013. I think the first tangible commercial production will probably take place in 2014. That should provide about 9 Mlb/year for Cameco on an attributable basis. Cigar Lake is largely funded already, although there is some capex still to be spent over the course of the next couple of years. For the remaining 11+ Mlb that Cameco would be looking to grow, Inkai in Kazakhstan is one possibility. It has the potential for production to be doubled there, but that depends on whether the company obtains the various licenses from regulators in Kazakhstan. Then Cameco also has the Kintyre project in Australia, for which it completed a prefeasibility study, but it hasn't released very many details as yet.
TER: Thank you for your time, Ed.
Edward Sterck covers uranium, diamond and platinum group metal mining companies for BMO Capital Markets. He joined BMO in 2007, prior to which he was a mining analyst at Hargreave Hale. Before working in mining research, he spent more than four years trading government bond futures on a proprietary basis. Sterck holds a Bachelor of Science in geology with honors from the Royal School of Mines, Imperial College London.
If you didnt look at the pps you would think that by this article UAX is already at 1$.
.16 isnt a deal. Its a steal.
And thats no bull.
Why Canada’s Athabasca Basin Uranium Explorers May Soar On Foreign Investment?
By Jeb Handwerger on May 10, 2012
Canadian producers can now compete with Kazakhstan, Australia and Russia to sell uranium to China. Canada produces about 20% of the world’s uranium and exports over 80% of annual production. The fast growing nuclear industry has never been open to China and will create a boom in the Athabasca Basin for uranium explorers.
This deal will allow Cameco, the largest publicly traded uranium company to deliver 52 million pounds of uranium to China by 2025. The contract is worth about $2.5 billion in sales. China is hungry for nuclear with dozens of reactors planning to be built over the next 10-15 years.
Investors are well aware that the agreement between Russia and the United States expires in 2013. New demand is rising rapidly
as stated by the World Nuclear Association who expects world uranium consumption to grow and new demand will require double the amount of current production by 2020.
Cameco and Rio Tinto is predicting a supply shortage within 18 months. The last time this happened the spot price of uranium rose to $138 per pound.
Today there are 435 nuclear reactors in operation all over the world. Add to this another 100 nuclear reactors are under construction or on the drawing boards.
Projections by the World Nuclear Association expects 650 nuclear reactors over the next twenty years. Saskatchewan, Canada may turn into “The Next Saudi Arabia” over the next twenty years. Nuclear power is reemerging as the go to energy source for expanding Asian economies.
Recently, Prime Minister Harper signed a deal with China that brings almost $3 billion dollars worth of energy supply which includes uranium from the Athabasca Basin to satisfy China’s insatiable hunger for its expansion into nuclear power. Now may be the right time to look for uranium explorers in the Basin.
We have expected to see an increase in Mergers and Acquisition activity in this region for some time. We observed the transaction by Rio Tinto who outbid Cameco in 2011 for Hathor Exploration’s Roughrider Deposit, Denison and Energy Fuels recently signed a deal to create a large U.S. producer. Fission Energy just acquired Pitchstone Exploration for its 13 Athabasca exploration properties. These are all signs that M&A activity is on the rise.
Uranium stocks have pulled back after a significant rally in the first quarter and we believe that now may be a good time to look for junior uranium explorers in the Athabasca Basin such as Athabasca Uranium (UAX.V or ATURF) who is delivering on its stated exploration goals and making excellent progress this year, yet the price has surprisingly remained around $.18.
We believe Rio Tinto bought out Hathor as a strategic move to gain a presence in this mining friendly region, free of rising resource nationalism, geopolitical risk and lower grade uneconomic uranium mines. Different sources within the Basin are mentioning that the big boys are looking at potential projects for acquisition or joint ventures.
CITIC Group, which is a Chinese tentacle, are interested in uranium explorers in the Athabasca Basin. The interest from them in the Athabasca Basin is evidenced by the signing of large future supply contracts with Cameco. The recent spin off of Denison’s Canadian assets specifically its Wheeler River Deposit, (higher grade and larger than Hathor’s Roughrider) partnered with Cameco may be indicating that Denison is setting itself up as a potential acquisition target.
The big boys such as Cameco, Rio Tinto, Sovereign Asian Funds and possibly BHP are realizing that large profits from uranium production will come from the Athabasca Basin. This is where deposits have grades tens to hundreds of times greater than conventional projects worldwide.
The majors are having problems dealing with the ever rising threat of resource nationalism as exemplified by their experience in Namibia, which is making noises that they may institute a super tax on miners. We have witnessed the uprising in Mali and growing Black Empowerment movements in South Africa. Of these aforementioned entities Rio Tinto and China is finding a warmer welcome in the mining friendly Athabasca Basin.
This brings directly into focus a small company Athabasca Uranium (UAX:TSXV or ATURF:OTC) which stands out as a promising uranium junior explorer. Remember that this Basin is different than the conventional deposits found around the world. The deposits may be smaller in size but have grades hundreds of times greater.
Looking at the map, Athabasca Uranium is surrounded by hungry giants such as Cameco, Rio, Denison, AREVA among others. The maps reveals that the majors such as Cameco, Denison, AREVA engulf UAX prospects. The Keefe Lake area is undergoing active exploration by this company which has encountered massive alterations zones for which results have currently been released
Indeed, this young company has made sure that they retained Dr. Zoltan Hajnal who was the seismic exploration expert for Hathor. Hathor’s exploration success was based on a the use of seismic data to efficiently pinpoint targets. The success rate of their drilling rose to approximately 70% which heretofore had been much less. Dr. Hajnal played an integral role in the Roughrider Discovery.
Now with Athabasca Uranium he has been instrumental to help the company already pinpoint promising targets. On their first drill hole the company hit uranium alteration and mineralization.
Recently Athabasca Uranium reported that two holes encountered significantly anomalous alteration and another containing chloritic alteration at various intervals below the unconformity, a common feature found in the host rocks containing uranium mineralization. The identification of a quartzite lithology and uranium metals in the sandstone validated work done by UAX’s geological team.
Recently Athabasca Uranium just released news that they found additional uranium mineralization at its flagship Keefe Lake Property demonstrating that the alteration zone is widespread and that continued exploration is necessary.
Regarding the assay results, Gil Schneider, President commented, “The discovery of additional uranium mineralization found within the Keefe Lake Alteration Zone is extremely encouraging for Athabasca Uranium. The basement alteration style encountered at Keefe Lake is widespread and seems to be unique, thus representing an excellent opportunity for continued research and discovery.”
Athabasca Uranium is currently drilling its Keefe K-2 (Volhoffer Lake) targets, 7.7 kilometres to the south. Athabasca Uranium CEO Gil Schenider commented “Given the potential of the Volhoffer project, we felt compelled to implement a first pass of exploration drilling of the ground conductors.”
The development prospects appear to be a ground floor opportunity to acquire shares at bargain basement prices here below $.18. Athabasca Uranium is oversold and finding support indicating an upward reversal possibly very soon.
We expect with the geological progress they are making that the project will be carefully looked at by the big boys. We would not be surprised of a joint venture or a buyout of this fast growing explorer. Relating to financing and corporate development, Athabasca Uranium recently announced the appointment of Kim Goheen to its Professional and Technical Advisory Committee. Mr. Goheen recently retired from Cameco, the largest publicly traded uranium producer as Chief Financial Officer, where he played a pivotal role in Cameco’s growth.
On his appointment Mr. Goheen commented: “I remain quite bullish on the longer term prospects for nuclear energy and look forward to helping UAX continue its growth in the highly prolific Athabasca Basin.”
Gil Schneider, Athabasca CEO also commented: “We are very excited at Kim’s decision to join our Advisory Committee. He brings a wealth of direct uranium experience to the Company, and we feel his joining us is a strong endorsement to the Company’s vision. We look forward to capitalizing on his considerable experience in the uranium field.”
With Mr. Goheen, Thomas Drolet and Dr. Zoltan Hajnal on the Advisory Committee, this company is being transformed into a junior powerhouse with the right people on board to rapidly develop this company. The company has shown success with the use of Dr. Hajnal’s seismic interpretations.
Gil Schneider, President commented, “The value of the surface seismic survey and subsequent interpretation by Dr. Hajnal has exceeded all expectations. With the first drill hole at Keefe Lake, we encountered massive alteration and uranium mineralization. Downhole geophysics should further enhance our resolution and accordingly increase our chances of making an early discovery.”
Listen to my recent interview with Reza Mohammed, Exploration Manager for Athabasca Uranium, where he explains the significance of hitting alteration in the basin and some of the exciting developments taking place.
holding a few, not an overly large position for me but enough to provide some good return potential.
Thanks. I know its just a guesstimate as we are still early in the valuation process but you know more about this stuff than I do it appears so I appreciate the insight.
Are you holding a significant position at this point?
Forward price points are almost impossible (and illegal if you do not have a series 7 license). That being said, the company will no doubt sell it off to a tier two mining company for it's insitu net worth which has not been determined yet, so $2.00 per share is just as possible as $20.00 per share. It all depends on the value in the ground, and although they now know the value is there, they do not know how much. Infill drilling and deposit size determination is next...
personally I am betting on $10.00 per share within 2 years, but I could be way off either direction, you just do not know.
Based on your experience and insight what is the potential market cap and pps here? Assuming everything turns out in a positive way.
I understand its dependant on negotiated contracts with those who mine the ore but any ideas?
Totally agree with you. I am adding as much as I can.
The amount of positive indicator news coming out is glorious and we are being completely undervalued and beaten down for no good reason.
The tide will turn and I believe UAX will see significant pps growth. Low float and positive uranium assets will see to it.
These prices are a gift. ~eom~
Athabasca Uranium Completes Spring Drill Program
VANCOUVER, May 16, 2012 /PRNewswire/ - Athabasca Uranium Inc. ("Athabasca" or the "Company") is pleased to report the completion of its spring 2012 diamond drilling program at the Keefe Lake (Phase 2) and Volhoffer Uranium Projects in the Athabasca Basin, Saskatchewan. Continuing November 2011's Keefe Phase 1 drilling, four Keefe Phase 2 holes (1,648 meters total) were drilled to test the dimensions of the Keefe Lake Alteration Zone, bringing the total Keefe Lake drilling to 3,293 metres in nine holes. An additional four holes (894 meters total) were completed on the adjacent Volhoffer property, bringing the total drilled for the Spring 2012 program to 2,542 meters. Samples of interest, several of which tested positive for anomalous gamma radiation with a hand scintillator, have been sent to the lab for assay. Results are expected shortly.
In addition to the drilling, downhole geophysical surveys (including sonic, gamma and magnetics) were completed on Holes KEF-12-08 (552 meters) and KEF-12-09 (357 meters) by SEMM Logging. The sonic data, which tests the acoustic properties of rock types in situ, is of special interest as it will be used to help refine the Company's historic 2D seismic dataset, the primary tool used to develop the drill targets that intersected the Keefe Lake Alteration Zone and the uranium mineralization reported in the Company's first Keefe Lake hole. Comprehensive modeling of the Zone and the surrounding area is to begin immediately.
Gil Schneider, President, commented, "While these are early days, the Company is extremely pleased with the results of the program, as it is quite rare to encounter radioactivity on a first pass program. We attribute our success to the excellent preparatory and interpretative work performed by USASK's Dr. Hajnal and our exploration team."
Dr. Peter Born, P.Geo, 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.
This is getting very interesting. Summer season is approaching.
The stock much like other jr. mining and TSV stocks are all very under-valued right now.
Just sayinnn...
Athabasca Uranium to Perform SEMM Survey at Keefe Lake
VANCOUVER, May 10, 2012 /PRNewswire/ - Athabasca Uranium Inc. ("Athabasca" or the "Company") is pleased to announce the engagement of SEMM Logging Inc. to perform a state-of-the-art downhole geophysical survey at the Company's Keefe Lake Uranium Project. The proposed geophysical survey will consist of a suite of logs, including triple receiver full-wave sonic, spectral gamma, optical televiewer, dual induction, focused resistivity and uranium content, and will provide data to assist the Company in building a comprehensive sub-surface model of Keefe Lake. The primary inspection hole is AU2012-08, which was drilled to a depth of 552 meters.
Additionally, the Company has re-engaged the University of Saskatchewan Seismology Department, under the direction of Zoltan Hajnal, PhD, P.Geoph to further analyze and interpret all drill holes from the Keefe Lake drill programs (November 2011 and April 2012) together with all available surface geological and geophysical data from the immediate region of boreholes, including data derived from the current SEMM survey. The culmination of the interpretation will result in comprehensive 3D modeling of the Keefe Lake Alteration Zone and recommendations for the Company's next phase of drilling.
SEMM's sonic borehole survey will be of particular interest to the Company's seismic investigation, as it measures the response of different rocks at depth to acoustic wave vibrations. The integration of this data with the surface seismic data (which examines responses over a larger area and in time) is highly effective at establishing direct regional and depth detection of rock types, as well as providing indications of alterations and fractures, associated with specific rock types. The combinations of these properties are potential indicators of mineralization.
On the commencement of the SEMM survey, Gil Schneider, President commented, "The value of the surface seismic survey and subsequent interpretation by Dr. Hajnal has exceeded all expectations. With the first drill hole at Keefe Lake, we encountered massive alteration and uranium mineralization. Downhole geophysics should further enhance our resolution and accordingly increase our chances of making an early discovery."
About S.E.M.M. Logging Inc.
SEMM Logging specializes in electric wireline logging and borehole geophysics for numerous applications in the mining, oil & gas, hydrogeological and geothermal industries, utilizing ISO 9001-certified state-of-the-art technology. Headquartered in France with subsidiaries throughout Africa and Canada, SEMM's client list includes Goviex, BRGM, MagIndustries, BHP Billiton and Tata Steel.
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.
This appointment should bring more credibility to the company and peace of mind to investors that the company is on the right track.
Kim has a pedigree for success and would not allow his name to be associated with anything less than a winning proposition in my opinion.
Athabasca Uranium appoints Kim Goheen to Advisory Committee
VANCOUVER, May 2, 2012 /PRNewswire/ -Â Athabasca Uranium Inc. is pleased to announce the appointment of Kim Goheen, MBA, CMA, ICD.D, to its Professional and Technical Advisory Committee.
Mr. Goheen's business career spans over 30 years, with extensive experience in major publicly listed companies in both the mining and oil and gas sectors, including the uranium industry. Prior to retiring in 2011, he was the Senior Vice-President and Chief Financial Officer of Cameco Corporation, one of the world's largest uranium producers. At Cameco, he led in establishing the financial platform that supported its growth plans and in building its formidable position of financial strength.
As Senior Vice-President at Cameco, Mr. Goheen played a key role in overseeing Cameco's investment in Bruce Power and in determining and implementing Cameco's plans for its future with the partnership. Bruce Power is a private partnership that operates four nuclear power reactors in Ontario. Mr. Goheen also served as a Director of Centerra Gold, a company controlled by Cameco. He directed the creation and listing of Centerra in 2004, with a market capitalization in excess of $1 billion and oversaw its evolution as a public company.  Its market capitalization at the time of Cameco's exit in December 2009 was approximately $2.4 billion.
On his appointment Mr. Goheen commented: "I remain quite bullish on the longer term prospects for nuclear energy and look forward to helping UAX continue its growth in the highly prolific Athabasca Basin."
Gil Schneider, Athabasca CEO commented: "We are very excited at Kim's decision to join our Advisory Committee. He brings a wealth of direct uranium experience to the Company, and we feel his joining us is a strong endorsement to the Company's vision. We look forward to capitalizing on his considerable experience in the uranium field."
Mr. Goheen joins Thomas Drolet and Dr. Zoltan Hajnal on the Advisory Committee, which consults with the UAX Board of Directors and management on the development of the Company's exploration projects and its global profile. With the addition of Mr. Goheen, the Committee is comprised of leading experts in the technical, commercial and financial fields who can make significant contributions to the advancement of Athabasca Uranium's projects.
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.
Great news on signs of exteremly encouraging samples.
Low float and huge upside.
Looking forward to seeing how this pans out.
Athabasca Uranium Re-assays & Expands Phase 1 Uranium Zone, Completes Keefe K-1 drilling
VANCOUVER, April 30, 2012 /PRNewswire/ - Athabasca Uranium Inc. ("Athabasca" or the "Company") is pleased to announce that additional drill core from Hole AU 4-1 has been sampled and analyzed. Three additional samples were collected continuously below the 155 ppm sample (previously reported on March 28, 2012) and revealed a weighted average of 112ppm U* over 2 metres, between 400-402 metres, including a sample that returned 169 ppm U* over 0.66 metres. The mineralized section is associated with a sheared/fractured granitic pegmatite unit that lies at depth in the Keefe Lake Alteration Zone.
Regarding the assay results, Gil Schneider, President commented, "The discovery of additional uranium mineralization found within the Keefe Lake Alteration Zone is extremely encouraging for Athabasca Uranium. The basement alteration style encountered at Keefe Lake is widespread and seems to be unique, thus representing an excellent opportunity for continued research and discovery."
Additionally, the Company reports that it has completed second phase of drilling at the Keefe Lake, which was a continuation of the 2011 drilling. The exploration program was designed to examine the limits of the Keefe Lake Alteration Zone, first discovered in Hole AU4-01, which exhibited the most pronounced mineral enrichment and alteration/silicification. In total, 1,648 metres in four holes was completed, expanding the drilling at Keefe Lake to a total of 3,293 metres in nine holes. Hole KEF-12-08 was drilled to a depth of 553 metres (374 metres beyond the unconformity) in order to expand on the results encountered at the bottom of Hole AU4-01. Basement alteration continued beyond the normal regolith alteration to the bottom of Hole KEF-12-08. All holes in the 2012 program encountered pronounced alteration, which consisted of quartzo-feldspathic gneiss with minor intervals of biotite gneiss and amphibolite.
The company intends on testing this deep hole with geophysical down-hole surveys in order to provide additional rock-property data to aid in continued interpretation of the high-definition 2D seismic survey. Samples with anomalous gamma radiation have been sent for optical mineralogy, geochemical and spectral analysis; results are expected in the near term.
The Company has moved the rig and is currently drilling its Keefe K-2 (Volhoffer Lake) targets, 7.7 kilometres to the south of Keefe K-1, and expects drilling to be completed within the next ten days. Targets at K-2 Volhoffer are interpreted as subsurface conductors, identified in a ground VLF EM survey (completed in 1980 by Uranerz Exploration and Mining) which reside in magnetic lows defined through a GEOTEM Mag/EM survey completed by International Uranium Corp., now Denison Mines. K-2 Volhoffer has the potential to host a shallow unconformity-style deposit, with basement depth of only approximately 160 metres. It is expected that the company will complete approximately 1,000 metres of drilling in 3-4 holes. Gil Schenider commented "Given the potential of the Volhoffer project, we felt compelled to implement a first pass of exploration drilling of the ground conductors."
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.
Great indicators for future prospecting and potential here.
Cant wait for this to come to fruition so we can all reap the benefits.
GO UAX!
Keefe Phase 1 Analytics Show Significant Uranium Indicators in Sandstone & Anomalous Uranium in Basement - Keefe Phase 2 Drilling Continues
VANCOUVER, March 28, 2012 /PRNewswire/ - Athabasca Uranium Inc. is pleased to report that it has received the analytical results of its 2011 diamond drilling program at the Keefe Lake Uranium Project in the Athabasca Basin region of Saskatchewan. Five holes (1,645 metres total) were completed in Phase 1 drilling conducted 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 mineralization.
As previously reported in a release dated November 24, 2011, Hole AU4-1 intersected a large zone of alteration that started in the sandstone column, and continued well into the basement. In addition to the visible alteration in the sandstone, elevated levels of uranium indicator metals have been identified, which include: Cobalt (up to 12 times background), Arsenic (up to 3 times background), Lead (up to 5 times background) and Nickel (up to 9 times background).
Samples from basement lithologies within Hole AU4-1 revealed elevated levels of uranium (up to 155 ppm U) within a sheared/fractured granitic pegmatite. The basement of Hole AU4-1 consists predominantly of quartzite with minor intervals of arkosic quartzite, semipelitic gneiss and amphibolite.
The goals for the current Phase 2 drilling are two-fold. The first priority is to intercept the boundary of the quartzite unit where it meets the unconformity in order to test a possible paleo-topographic high that may have provided a conduit for mineralizing fluids. Quartzite ridges have recently been identified as an important feature for localizing uranium mineralization at the unconformity; including the McArthur River mine and the Phoenix Zone.
The second priority will be to test additional high-priority targets from the regional seismic survey and other subsurface conductors on the property.
UAX President Gil Schneider commented: "We are extremely pleased with the results from Keefe Phase 1 - we believe that the identification of a quartzite lithology in addition to the uranium indicator metals in the sandstone marks a significant milestone for the Keefe Lake Project. Our Phase 2 drilling, moving to its second hole at present, will help to validate our theories for the Keefe area".
Samples were analysed by SRC Geoanalytical Laboratories (an SCC ISO/IEC 17025: 2005 Accredited Facility) of Saskatoon for analysis, which included a 16 element ICP-OES partial digestion, a 46 element ICP-OES total digestion. The uranium content above is uranium by fluorimetry (partial digestion, ICP-OES).
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.
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.
Athabasca Uranium Mobilizes Keefe Lake Drill Camp & Completes McCarthy Lake Acquisition
VANCOUVER, March 15, 2012 /PRNewswire/ - Athabasca Uranium Inc. is pleased to announce mobilization of its Keefe Lake drill camp and the completion of the acquisition of a 100% ownership interest in the McCarthy Lake Project.
Keefe Lake Drill Program
The Company is pleased to report the mobilization of crew and equipment to its Keefe Lake drill camp in anticipation of resuming drilling for its 2012 Phase 2 drilling program. The Company is following up its successful 2011 drill program, in which alteration was encountered in three of its five holes. A total of up to ten 350-meter holes (3,500 meters total) are planned, including drilling a minimum of one to two holes at Volhoffer Lake (Keefe K-2) to test subsurface conductors. Comprehensive interpretation of drill results from Phase 1 is ongoing and should be available shortly.
On mobilizing the camp, UAX CEO Gil Schneider commented "With the positive results from the program last winter, the company is extremely excited about exploring the Keefe alteration zone. While all alteration zones and deposits in the basin are unique, they do share commonalities, such as silicification and base metal enrichment. The Keefe alteration zone has both of these features as well as quartz enrichment, which suggests that this zone has been subject to high temperate hydrothermal activity."
The Keefe Lake Phase 2 program is a continuation of last year's drilling and has been designed to test the limits of the alteration zone as well as to drift on Hole AU4-01, which exhibited the most pronounced mineral enrichment, silicification and gamma radiation readings.
McCarthy Lake Acquisition
The Company has completed the acquisition of the remaining 50% interest in its McCarthy Lake Project, details of which were announced in the Company's news release dated February 28, 2012. Athabasca Uranium is now the 100% owner (subject to a 2.5% NSR royalty) of the 4,082-hectare Project, located in the Athabasca Basin region near the West Bear uranium deposit. The Company is designing an exploration program for McCarthy Lake which will likely include an IP resistivity survey and drilling to test the RZ10 conductor array, also as announced in February.
Regarding the completion of the McCarthy Lake transaction, UAX CEO Gil Schneider commented "The recent resurgence of interest in the uranium sector, a hot-button topic in the US political arena, has led to an increased interest in exploration of the Athabasca Basin. The McCarthy Lake Project represents a solid joint venture opportunity and the Company is extremely active in this regard."
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.
No this is an exploration company, they locate uranium in the ground, drill it to prove up it's worth, then they will most likely sell the property to a producer and keep a smelter fee.
These things take time so if you can overcome impatience it should give a return of outstanding results.
Thanks for the insight. Are they actually producing anything at any of their sites yet?
Yes I still have my position here, I think these guys are on to something and the only question in my mind is:: how big is the deposit. Prime area between two working mines, area is quite far north but supply and support services have already been set up by the neighbors.
Anything around .20 pps is a BUY in my opinion.
Hi Doubloon,
Are you still with a position here in UAX?
cheers.
No debt here. Uranium will spike again. UAX is in a good spot to capitalize.
Athabasca Uranium Engages New Exploration Team, Acquires additional McCarthy Lake Interest
VANCOUVER, Feb. 28, 2012 /CNW/ - Athabasca Uranium Inc. is pleased to announce the engagement of Dahrouge Geological Consultants Inc. as a part of its uranium exploration team, the launch of its Phase 2 drilling program, and the acquisition of a 100% ownership interest in the McCarthy Lake Project.
New Exploration Team
The Company is pleased to report that Dahrouge Geological Consultants Inc. of Edmonton, Alberta has been engaged to assist with the Company's Phase 2 drilling and exploration program at its Keefe Lake Project located within the eastern part of the Athabasca Basin, northeast Saskatchewan. Dahrouge Geological was instrumental in assembling and developing all of Strathmore Minerals Corp.'s Canadian assets between 2004 and 2007, when they were spun-out to form Fission Energy Corp.
Dahrouge Geological has a long history of uranium and other mineral exploration within the Athabasca Basin and northern Saskatchewan, extending over 25 years. With over 25 employees and technical staff, Dahrouge offers the unique ability to quickly assess past exploration results and offer proven solutions to the evaluation of the Keefe Lake Project.
On the engagement of Dahrouge Geological, Gil Schneider, UAX CEO commented: "Following on the heels of our very successful Phase 1 drilling program in late 2011, we engaged Dahrouge on the rationale that with the identification of a strong alteration zone, the Company may be on the road to discovery. Athabasca is extremely fortunate to be working with industry luminaries such as Zoltan Hajnal, PhD (GeoPh) and Irvine Annesley, PhD PGeo, and we feel that Dahrouge will add significantly to our team."
Phase 2 Exploration
The Company is gearing up for the follow up to its 2011 drill program at Keefe Lake, in which the Company encountered alteration in three of its five holes. Drilling is expected to begin in the third week of March. A total of ten holes 350m holes (3500m total) are planned. Concurrently, drill results for 2011 will be used to re-evaluate the seismic data and refine targets. Drilling is also planned to test a subsurface conductor series at Volhoffer Lake.
McCarthy Lake Acquisition
The Company is pleased to report that it has entered into a property purchase agreement to acquire the remaining 50% interest in its McCarthy Lake Project. McCarthy Lake is a 4,082-hectare prospective uranium property the initial 50% interest in which was the Company's qualifying transaction in 2010. The project lies 25 kilometres east of Cigar Lake, and 11.5 kilometres southwest of the West Bear Deposit, the most significant deposit in the area. A NI43-101-compliant Preliminary Feasibility Study (Golder Associates 2010) of the West Bear Deposit gives a Probable Mineral Reserve estimate of 1,492,261 pounds of U3O8 grading 0.94% at a cut-off of 0.18% U3O8, which represents 96% of the mineral resource.
High value targets at McCarthy Lake have been identified through two airborne geophysical surveys: a Tempest MAG/EM survey (Fugro 2007); and a Z-TEM MAG/EM survey (Geotech 2010). The primary target at McCarthy Lake is the RZ-10 conductor, which was evident in both surveys. RZ-10 begins slightly above the unconformity and appears to persist at lower depths. This conductor appears to correlate by a significant north-south fault. This is consistent with unconformity deposit models elsewhere in the Basin. McCarthy Lake could be drill-ready within six months.
The Company will purchase the remaining 50% interest in McCarthy Lake by paying $20,000 in cash and issuing 3,000,000 common shares to the arm's-length vendor on Closing. A pre-existing 2.5% net smelter return royalty in favour of the Vendor will remain on the property, 2% of which may be purchased by the Company for $500,000. The Agreement is subject to regulatory approval.
On the McCarthy Lake acquisition, CEO Gil Schneider commented: "McCarthy Lake has from the outset been considered one of our finest and most prospective projects, and a key part of our development plans in the Basin. The preliminary results of our 2011 Z-TEM survey, combined with interest heating up in both the Basin and the uranium sector generally confirmed the need for us to acquire the balance of the Project. Being a 100% owner of this Project increases our visibility on the uranium stage and gives us ultimate flexibility in our development plans."
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.
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: (866) 869-8072
E-mail: info@athabascauranium.com
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 : info@athabascauranium.com
1040– 885 West Georgia Street
Vancouver, BC V6C 3E8
This message wasintended for
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.
New presentation out:
http://www.athabascauranium.com/images/files/UAX-Corp-Presentation-feb-2011.pdf
Athabasca closes Second Tranche of Financing for $1.6 Million
Click Here for a Free Real-time Stock Quote on TSX-V: UAX
Athabasca Uranium Inc. (“Athabasca” or the “Company”) is pleased to announce that it has now completed it’s previously announced private placement (see news releases dated November 25, 2010 and December 7, 2010) of up to 7,826,087 flow through units (the “FT Units”) at a price of $0.23 per FT Unit and up to 6,500,000 units (the “NFT Units”) at a price of $0.20 per NFT Unit for aggregate gross proceeds of up to $3,100,000 (the “Offering”). Each FT Unit consists of one common share in the capital of the Company which will be designated as a flow-through share pursuant to the Income Tax Act (Canada) and one share purchase warrant (a “FT Warrant”). Each FT Warrant entitles the holder to purchase one common share in the capital of the Company (a “Share”) at a price of $0.35 per Share for a period of one year from the closing of the Offering. Each NFT Unit consists of one Share and one share purchase warrant (a “NFT Warrant”). Each NFT Warrant entitles the holder to purchase one Share at a price of $0.30 per Share for a period of one year from the closing of the Offering.
The Company has now closed the second tranche of the Offering consisting of 1,348,695 FT Units and 6,500,000 NFT Units for aggregate gross proceeds of $1,610,199.86. Each FT Warrant issued entitles the holder to purchase one Share at a price of $0.35 per Share until December 22, 2011 and each NFT Warrant entitles the holder to purchase one Share at a price of $0.30 per Share until December 22, 2011. The Company will renounce an amount equal to the gross proceeds derived from the sale of the FT Units to the purchasers thereof in accordance with the provisions of the Income Tax Act (Canada).
In connection with the closing, the Company paid certain finders (each a “Finder”) a cash commission equal to 7% of the proceeds of the sale of FT Units and NFT Units by such Finder (being $89,954.09 in total) and issued finder’s compensation warrants (the “Finder’s Warrants”) equal to 10% of the number of FT Units and NFT Units sold by such Finder (being 550,869 Finder’s Warrants in total). Each Finder’s Warrant entitles such Finder to purchase a Share (a “Finder’s Warrant Share”) at an exercise price of $0.30 per Finder’s Warrant Share until December 22, 2011.
All securities issued in the closing of the second tranche will be subject to a hold period which expires April 23, 2011. The proceeds of the Offering will be used for exploration on the Company’s properties in the Athabasca Basin region of Saskatchewan, for property acquisition and for general working capital and corporate purposes.
About Athabasca Uranium
Athabasca Uranium Inc. is a uranium exploration and development company acquiring and exploring properties located in the uranium-rich Athabasca Basin in 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, President & CEO
For information, please contact the Company:
Toll-Free: (866) 869-8072
E-mail: info@athabascauranium.com This e-mail address is being protected from spambots. You need JavaScript enabled to view it
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
FORWARD LOOKING STATEMENTS: This press release contains 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 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
Here's the first part of another notice. Looks like at least one investment firm likes this one...
EARLY WARNING REPORT AND PRESS RELEASE FILED PURSUANT TO
NATIONAL INSTRUMENT 62-103
1. Name and address of the offeror:
Joe Dwek Management Consultants Inc. (“JDM”)
1110 Finch Avenue West, Suite 210
Toronto, ON M5A 2K7
2. Name of reporting issuer with respect to which this report is filed:
Athabasca Uranium Inc. (“Athabasca”)
3. Designation and number or principal amount of securities and the offeror’s
security-holding percentage in the class of securities of which the offeror acquired
ownership or control in the transaction or occurrence giving rise to the obligation to
file the news release and whether it was ownership or control that was acquired in
those circumstances:
JDM has indirect control and direction over 4,456,523 common shares of Athabasca (the
“Shares”), 489,130 options to purchase units (the “Units”) comprised of shares and
warrants with a total number of 4,891 underlying warrants to purchase shares, and
4,456,523 warrants to purchase shares (the “Warrants”) representing approximately
29.09% of the outstanding Shares on a partially diluted basis.
12-07/12-08-10 Private placement news...
http://sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00026079
Yes I think this is a quality play, there are two iffs...
if they can get the funding through Cannacord (which should not be a problem since some of the brokers at Cannacord already hold a boat load of shares) and
if this new technology mounted on the backs of earthmovers can pinpoint the uranium (and they have an 85% sucess rate so far) and the deposit is on trend between two working Uranium mines and is reported to be near surface.
Then you will have a working Uranium mine out of this play, most likely it will get sold to a major but the price will be at par value to the proven reserves, which is much higher than where it is now.
Thanks. This is one of those quality "plays" that one really likes to see develope as planned.
Will look forward to your update ... in meantime have a great visit and be sure to bring Doberman some sirloins for the pup.
Ralph
Well actually they have not mentioned the brokered deal yet, I may have let the cat out of the bag a little early, should see a PR on it soon though. I will be talking to Todd Hanus on Monday at the Hard Assets conference in San Francisco. Doberman and I plan to grill him (err talk to him) on this project. Will fill you in next week, remind me if I forget
Doubloon .... did they announce the brokered deal on the 15th? I could not find any reference albeit I just scanned looking for it.
You still be high on this one? Kinda lonely here.
Ralph
re Athabasca Uranium ATURF UAX.V
Alright should have known Todd was up and at em.
first of all the IP crew is just a subcontractor, Athabasca Uranium has the same concerns as other investors in Kenetics but they are just under contract and nothing more
They now have 32,000 hectors of property surrounded by Hathor, Dennison and JNR shallow end of the basin.
The funding was cancelled because they will be announcing a Brokered funding deal with Canacord on Nov 15th
In one week they will be fully listed on the pink sheets and off the grey sheets in the US, In Canada they are listed on the venture
There are 18 million shares out, that is it, Todd said do not bid over .21 this week, he want to hold it here before it runs.
Uranium has gone from $41 to $57 per pound in the past 4 months, and one company just sold 20 tons to china at $79 per pound.
They will be in San Francisco on 21st/22nd, I will be there
Thank you for your recent symbol request.
Based on your suggestion, we have added [UAX.V] to our charting database:
http://stockcharts.com/h-sc/ui?s=uax.v
Thanks for using StockCharts.com,
StockCharts Support
support@stockcharts.com
http://stockcharts.com
NEWS: ATHABASCA URANIUM CLOSES ON WEBB RIVER OPTION PHASE 1
TSXV: UAX US Symbol: ATURF
VANCOUVER, Sept. 24 /PRNewswire-FirstCall/ - Athabasca Uranium Inc. is pleased to announce that it has received regulatory approval for, and subsequently closed on the first phase of the option to acquire the Webb River Property ("Webb River"), a 5,386 hectare property located on the eastern margin of the uranium-rich Athabasca basin in northeast Saskatchewan.
As announced on September 15, 2010 the Company has the option to earn a 100% interest (subject to a 1% net smelter return) in Webb River by paying an initial $50,000 and issuing 1,500,000 common shares to an arm's-length vendor and making additional payments totalling $600,000 plus filing $2,500,000 in exploration expenditures on the Property within four years. The 1% NSR may be purchased by the Company for $1,500,000. The Company has now made the initial payment and issued the 1,500,000 shares, fulfilling its first commitment under the Option agreement.
Webb River covers an area of 5,386 hectares and lies approximately 29 kilometers southwest of the Company's McCarthy Property on the eastern edge of the Athabasca Basin, the most productive uranium-producing region in the world. It lies within the same geological setting and is proximal to two significant eastern basin uranium deposits: West Bear and Moore Lake.
The Company is currently developing its exploration program for Webb River in conjunction with its McCarthy Project, and will likely expand the overall 2010-2011 program to include elements such as were employed at both West Bear and Moore Lake. The West Bear Deposit, part of UEX Corporation's Hidden Bay project, is approximately 50 kilometers northeast of Webb River, and is a classic unconformity-hosted deposit at very shallow depths. At Moore Lake, approximately 29 kilometers southeast of McCarthy and contiguous to Webb River, the JNR/Denison joint venture has undertaken a series of aggressive exploration programs on the Maverick Zone and on numerous historic and newly identified regional prospects. Drilling has focused on geophysical anomalies defined by ground TEM, gravity, and seismic work over the Maverick Zone. In addition to assessing the potential type and dimensions of a deposit that could exist in similar and nearby, local geological settings such as West Bear and Moore Lake, the focus of the Company's exploration program at Webb River will be on delineating drill targets from a combination of earlier and expected survey work on the property. Several north-east trending conductors were successfully delineated in 1980 when an 850-kilometer line airborne VLF-EM and magnetometer survey in an east-west direction with 200-meter line spacing and 85 kilometers of ground VLF-EM, plus another 678 kilometers were completed by Sander Geophysics and Phantom Exploration Services, respectively.
In conjunction with the now expanded proposed exploration program, the Company is currently planning a private placement financing, a significant portion of which will likely include a private placement of flow-through common shares. Terms of the private placement and a detailed use of proceeds are being finalized and will be announced when available.
About Athabasca Uranium
Athabasca Uranium Inc. is a uranium exploration and development company acquiring and exploring properties located in the uranium-rich Athabasca Basin in 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.
SOURCE Athabasca Uranium Inc.
http://www.prnewswire.com/news-releases/athabasca-uranium-closes-on-webb-river-option-phase-1-103715764.html
NEWS: ATHABASCA URANIUM ACQUIRES WEBB RIVER PROPERTY OPTION
TSXV: UAX / US Symbol: ATURF
VANCOUVER, Sept. 15 /PRNewswire-FirstCall/ - Athabasca Uranium Inc. 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 Webb River Property in northeast Saskatchewan. The Property consists of a single 5,386 hectare disposition located on the eastern margin of the uranium-rich Athabasca basin, lying 29 kilometers southwest of the Company's McCarthy Property and contiguous to the Denison/JNR Resources Moore Lake Project.
The Company can earn a 100% interest in the Property by paying $50,000 and issuing 1,500,000 common shares to the Vendor upon receipt of regulatory approval, by making additional payments totalling $600,000 over the next 42 months and filing $2,500,000 in exploration expenditures on the Property within four years. A 1% net smelter return 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 Webb River Property is located on the eastern edge of the Athabasca Basin, the most productive uranium-producing region in the world. In winter 1980, Sander Geophysics conducted an 850-meter line airborne VLF-EM and magnetometer survey in an east-west direction with 200-meter line spacing. Later that year, 85 kilometers of ground VLF-EM was completed by Sander and another 678 kilometers were completed by Phantom Exploration Services. Both surveys were successful in delineating north-east trending conductors, which will be the focus of the Company's exploration program.
"Webb River is an excellent addition to our portfolio of properties, and conforms perfectly to our corporate strategy of acquisitions in the Basin on which we can employ our exploration partner's leading-edge uranium-finding technology. On trend and in the proximity of several recent U-308 discoveries, we look forward to ramping up this winter's exploration - with the McCarthy property just down the road already scheduled and permitted, we'll be expanding the program to include Webb River" commented Gil Schneider, UAX President & CEO.
About Athabasca Uranium
Athabasca Uranium Inc. is a uranium exploration and development company acquiring and exploring properties located in the uranium-rich Athabasca Basin in 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
http://www.prnewswire.com/news-releases/athabasca-uranium-acquires-webb-river-property-option-102963094.html
You are in good company ... in more ways than one.
Ralph
PS The bike still looks the same ...
Thanks for this background and cost information.
Any estimate of when they would start Phase One and how long that would be projected to take?
And then, presuming Phase One is encouraging, how long after Phase One is completed and evaluated would you estimate they would begin Phase Two?
Can you plug in another number how long that Phase would take to complete the drilling and get the core samples reviewed?
Finally (no, this is not "Twenty Questions" ...)the company would need to raise a miniumu of $600K to $700K more than they have in cash currently just for this work. How do you suppose they would raise this?
Perhaps these questions are rhetorical for the moment but they need to be asked at some point depending upon their schedules.
thanks for all the input.
Ralph
Don McCarthy property 43-101 summary
The Property is situated along the southeastern edge of the Athabasca Basin,
approximately 35 kilometers east of the McArthur River mine, 50 kilometers
southwest of the past-producing Rabbit Lake uranium mine, and 30 kilometers south
of the Cigar Lake uranium mine.
The Property consists of a contiguous block of two unsurveyed mineral dispositions,
S-110884 (Don McCarthy) and S-110885 (Geikie River), totaling 7,584 ha.
Access to the Don McCarthy Property area is by helicopter from the settlement of Points
North, Saskatchewan, which is located approximately 45 kilometers north-northeast of
the Property and 600 kilometers north of Saskatoon. Float and ski-equipped aircraft can
land on most of the larger area lakes.
The Don McCarthy Property is situated approximately five kilometers northwest of the
contact between Wollaston Group metasediments and the overlying Athabasca
Group sandstones.
Two broad magnetic highs, located in the northeastern and south central portions of
the block, could indicate the base of the Athabasca formation. The two highs are
separated by a magnetic low. The dominant magnetic trend is east-northeast.
Two zones of strong EM response occur on the property. One zone is located in the
northwestern property area and one in the eastern area. Both correlate with
magnetic lows. The eastern conductive zone flanks the broad magnetic high to the
east, and coincides with two intersecting bedrock faults. EM profiles over this zone
suggest that the EM response is deep-sourced.
The Don McCarthy Property is of sufficient merit to justify the following two-phase
exploration program:
Phase 1
Phase 1 work should consist of establishing a four-person fly-camp consisting of a
project geologist, a prospector, and two assistants. The cost of establishing and
maintaining the camp is estimated to be $500 per man day. Due to the lack of
connecting waterways allowing boat access, occasional helicopter support would be
necessary. Camp mobe/demobe and occasional supply would be by helicopter or
fixed wing if the larger lakes are suitable. The budget is based on a helicopter being
used. Phase 1 work would include prospecting, geological mapping, and
geochemical rock sampling. The estimated cost of Phase 1 work is $305,000.
Phase 2:
Phase 2 is contingent upon Phase 1 identifying areas suitable for follow-up. Phase 2
work should consist of up to five drill holes averaging 200 meters in depth, and
totaling 1,000 meters (3,050 feet). Phase 2 drilling is estimated to cost approximately
$1,200,000.
The proposed budgets assume that:
• Phase 2 drilling will be helicopter supported. A base cost of $3,200/day plus 4
hours @ $1,500/hour for $9,200/day; and
• Total per day drill camp costs are estimated $3,500 (7 people x $500 day).
Followers
|
6
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
174
|
Created
|
09/02/10
|
Type
|
Free
|
Moderators |
Athabasca Uranium Inc. ( UAX.v / ATURF)
The CUSIP Number is 04682Q109 and the ISIN number is CA 04682Q1090
http://www.athabascauranium.com
~~~~~~~~~~~~~~~~~~~~~~~
Share structure
Shares Outstanding Basic 15,000,000
Float 4,000,000
Shares Fully Diluted 20,325,000
Cash Position $ 800,000
Fully Diluted Cash $ 1,825,000
Debt $ 0
Insider Holdings ~ 27% 4,000,000
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
NEWS
09 July 2010 BOE Capital Announces Closing of its Qualifying Transaction and Concurrent Private Placement
21 July 2010 BOE Announces change of name to Athabasca Uranium Inc. & New Symbol "UAX"
04 August 2010 Athabasca Uranium appoints Maddison as Director - Grants Options
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Athabasca Uranium Inc. is a Vancouver-based junior resource company focused on uranium exploration in the Athabasca Basin of northern Saskatchewan, home to some of the highest grade deposits and mines in the world.
Athabasca Uranium's strategy is to acquire and develop conceptual and early stage exploration opportunities and, through the use of cutting edge technology and geological understanding, advance towards resource development through the creation of strategic alliances or joint venture partnerships with major exploration and mining companies, investment funds and government agencies
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Applying Science
In 2001, Leonard Van Betuw founded Kinetex Resources Corporation as an “applied sciences" company rather than just another seismic company, by designing and bringing to market (with ION Geophysical of Houston) a new generation of seismic sensors - digital accelerometers called VectorSeis, incorporating advantages in miniaturization, digital signal capture, much higher resolution, and true spatial wave capture - basically a better mousetrap.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Don McCarthy Property
The Don McCarthy claims (S-110884 & S-110885) cover 7,584 hectares (18,580 acres) and lie 40 kilometers east of the MacArthur River Mine and 29 kilometers southeast of the Cigar Lake Mine (both owned by Cameco Corp.) on the eastern edge of the Athabasca Basin in Northern Saskatchewan, the heart of uranium in Canada.
The Company owns 50% of the claims with no encumbrances save a 2.5% net smelter royalty. The property acquisition constitutes the Company’s Qualifying Transaction.
In 2007, a 4,600 kilometer airborne Tempest MAG/EM survey was flown over the Property to test for the presence and extent of graphitic zones that can host uranium mineralization, as well as to map contacts and faults on the property.
The results of the survey were extremely positive, mapping several large conductors identified at shallow basement depths that were coincident with magnetic lows and with faulting on the property. The survey also showed the northern and northwestern parts of the area to exhibit higher conductivity for the most attributable to conductive cover. A smaller area of higher conductivity with increasing conductivity at depth can be seen near the southeastern corner of the block, coincident with a small elongated magnetic high.
full profile
http://www.athabascauranium.com/projects/don-mccarthy-property.html
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
MANAGEMENT AND BOARD
Gil Schneider - President & CEO , Director
•Founder / CEO / Director - Kinetex Resources Corporation
•32+ years senior management experience
•Director - AgriMarine Holdings Inc. / AXEA Capital Corp.
Leonard Van Betuw BSc - VP Exploration
•Founder / CEO / Director - Kinetex Multi-Component Services
•Geophysical experience – participation in over 100 projects world-wide
•20+ years technical experience - 3D seismic design, modeling & processing
D. Barry Lee, BA - Chairman & CFO
•Founder / former Co-Chairman - Canadian Phoenix Resources Corp.
•Co-founder / former COO - Choice Resources Corp
•20+ years senior management experience & resource sector M&A expertise
Ken Maddison, FCA - Director
•Former partner - KPMG (retired 1997) with 30+ years audit & business advisory experience
•Former Director & Officer - uranium explorer Northern Continental Resources
•Elected a Fellow of the Institute of Chartered Accountants of BC in 1975
Steven Bruk, BA - Director
•Resource sector management expertise
•Co-founder / former President & CEO - Choice Resources Corp.
•Corporate finance for natural resource and hi-tech industries
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Power point presentation
(required reading)
http://www.athabascauranium.com/images/files/UAX-Corp-Presentation-August-2010.pdf
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Other Notes of Interest
Currently applying for pink sheets US ticker.
Property is situated in the middle of a heavy Uranium basin.
Property is 40KM from the largest Uranium mine in the world.
Shallow strike zone, means open pit mining potential
Property is 7,584 hectares (18,580 acres) in size
Radical new mobile imaging technology is holding a very high success rate on previous discoveries.
NI 43-101 has been completed on June 4th 2010.
Other properties to be announced shortly.
Extensive winter drilling program scheduled.
Complete financials and NI43-101 report at www.sedar.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Contact
Suite 1040, 885 West Georgia Street
Vancouver, B.C.
V6C 3E8
1-866-869-8072
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
[chart]stockcharts.com/c-sc/sc?s=ATURF&p=D&b=5&g=0&i=t04537810686&r=1638[/chart]
DISCLAIMER
Nothing in the contents transmitted on this board should be construed as an investment advisory, nor should it be used to make investment decisions. There is no express or implied solicitation to buy or sell securities. The author(s) may have positions in the stocks discussed and may trade in the stocks mentioned. Readers are advised to conduct their own due diligence prior to considering buying or selling any stock. All information should be considered for information purposes only. No stock exchange has approved or disapproved of the information ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |