UUU.v in Vancouver STOCK MARKET
UUU LONDON STOCK MARKET
UrAsia Energy is a listed un-hedged Uranium Producer with annualized production of 1.8M lbs U308 net to the Company. Fully funded with $50M CDN for future growth, strategic business alliances and acquisitions, UUU offers direct leverage to the price of Uranium.
By 2015, produce 10 million pounds of uranium from three assets
Build/upgrade mines with project financing
Be one of the lowest cost producers with ISL production
Upgrade substantial resource base to reserves
Create the most compelling growth story for resource investors
Second largest Canadian-listed Uranium producer
Growing production profile (Potentially 10M lbs U3O8/yr by 2015 at cash costs of US$10 per lb)
Substantial reserve upgrades potential on development projects
Attractive exploration potential
Favourable uranium market fundamentals
Strong management and financial support
UrAsia Energy Ltd. -
("UrAsia") is one of the four listed uranium producers in Canada.
UrAsia's annualized production is an estimated 1.4 million
pounds of uranium, which comes from its 70% interest in the
Akdala in-situ leach uranium mine in Kazakhstan.
The Company's goal is to be producing in excess of 10 million
pounds annually by 2015 from at least three assets in Central
Kazakhstan holds 18% of the world’s uranium resources, and is
a key country in filling the large supply/demand gap in
annual uranium production -- some 80 million pounds.
All of the Company’s deposits are low cost ISL (in-situ leach)
uranium mines -- low operating cost and low capital cost.
The country holds the most obvious potential for increasing
Cameco is slated to begin production from their Inkai JV in
Kazakhstan in the first quarter of 2006.
UrAsia’s development stage assets have a large Russian P1
One of the Company’s first goals is to re-drill these assets
to convert the known Soviet resources into Canadian NI 43-101
Management intends to put these assets into production with
project financing, using little or no equity dilution.
As of November, 2005 UrAsia's cash position was CAD$75 million.
UrAsia Energy Ltd. is a new, uranium producer, with low-cost, in-situ leach mining operations in the Republic of Kazakhstan. The Company is led by former ERA Managing Director, Mr. Phillip Shirvington.
The Company currently produces 1.8 million pounds of U3O8 per year; this production rate is set to increase over the coming decade as the Company, along with its joint venture partners, embark on the accelerated development and construction of two additional operating mines within the Republic of Kazakhstan.
With annual production in 2005 of approximately 11.0 million pounds U3O8, Kazakhstan is the world's third largest producer of uranium.
In today's nuclear fuel market, the introduction of new supply is critical in all three front-end markets. This is especially true for the uranium and enrichment markets, which have experienced considerable upward price pressure this year, pressure that shows no signs of abating anytime soon. In uranium, the Cigar Lake flood has further delayed an important source of new supply, with attendant market impacts. In UxC's just-completed Uranium Market Outlook report, we examine the potential impact of this flood on supply and price through analyses of various market scenarios that could play out in the future. Also included are a review of recent market activity and a look a current and prospective activity, and a detailed listing of reactor and production developments that promise to shape the future market.
¨World Uranium Mining (Production from mines in tonnes U) <= Click link for full information from World Nuclear Assoc.
Country 2001 2002 2003 2004
Canada 12 520 11 604 10 457 11 597
Australia 7756 6854 7572 8982
Kazakhstan 2050 2800 3300 3719
Niger 2920 3075 3143 3282
Russia (est) 2500 2900 3150 3200
Namibia 2239 2333 2036 3038
Uzbekistan 1962 1860 1598 2016
USA 1011 919 779 846
Ukraine (est) 750 800 800 800
South Africa 873 824 758 755
China (est) 655 730 750 750
Czech Repub. 456 465 452 412
Brazil 58 270 310 300
India (est) 230 230 230 230
Germany 27 212 150 150
Romania (est) 85 90 90 90
Pakistan (est) 46 38 45 45
Spain 30 37 0 0
France 195 20 0 7
Portugal 3 2 0 0
Total world 36 366 36 063 35 613 40 219
(42 886 t U3O8) (42 529 t U3O8) (41 998 t U3O8) (47 430 t U3O8)
Australia 1,074,000 30%
Kazakhstan 622,000 17%
Canada 439,000 12%
South Africa 298,000 8%
Namibia 213,000 6%
Brazil 143,000 4%
Russian Fed. 158,000 4%
USA 102,000 3%
Uzbekistan 93,000 3%
World total 3,537,000