Canada produces about one third of the world's uranium mine output, most of it from two new mines. After 2007 Canadian production is expected to increase further as more new mines come into production. About 15% of Canada's electricity comes from nuclear power, using indigenous technology. 18 reactors provide over 12,500 MWe of power.
Canada is the world's largest producer of uranium. In 2004 production at 13,676 tonnes of uranium oxide concentrate (11,597 tonnes U) was about 30% of total world production. Its value was about C$ 800 million.
Canada¹s known uranium resources (Reasonably Assured Resources plus Inferred Resources to US$ 130/kgU) are 524,000 tonnes of U3O8 (444,000 tU, 9% of world total), compared with Australia's reserves of 2.5 times that.
Some $539 million was spent on U exploration in Canada 1986-97 (over twice as much as Australia's $226 million) and this led to a sharp increase in recoverable resources to 507,000 tonnes U3O8 (measured, indicated & inferred resources). Despite depletion from mining, this remains much the same. Of the total at 1/1/04, 297,000 tonnes (252,000 tU) was "measured", possibly equivalent to "proven reserves" in some of the company data quoted on p3 below.
Exploration expenditure in 2004 was C$ 44 million, mostly at established projects. However, the C$26 million of this on grassroots exploration in Saskatchewan - double the 2003 level - represented a major proportion of world uranium exploration.
Canada and Australia are the main countries able to expand production strongly as required to meet increases in world uranium demand.
Location of claims on new website (under construction):
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No, I am here Dog, actually added a few today. I was reading another board and a chartist said if we stay above .04 we will be ok. we will see if he is right. TMAN...
-------------------- In the end, trust only yourself when trading stocks. Posts: 2048 | From: Texas | Registered: Feb 2006
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quote:Originally posted by dog: We'll blow past a quarter so fast... I mean that one day it moved with no stopping it. Made money then... gonna do it again and dim sum.
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Globex, Inc. Announces Acquisition of Additional Uranium Mining Claims in Northern Quebec Tuesday February 13, 8:30 am ET Company in Negotiations to License Ethanol Technology in the US
NEW YORK, Feb. 13 /PRNewswire-FirstCall/ - Globex, Inc. (GLXI: Pink Sheets), today announced that it has signed a letter of intent for the acquisition of 109 claims near the town of Tasjujaq in Northern Quebec, Canada. The Operations team is continually searching for and evaluating additional mining claims that may be acquired, in order to build a substantial asset base in the in the Northern Quebec uranium sector. ADVERTISEMENT
This region has significant proven Uranium reserves, and major players including Uranor Inc. and Canadian Royalties Inc are already exploring sites in the area surrounding Globex's claims.
Lead Project Manager Mr. Detinger stated: "We are very fortunate to be in the process of securing these valuable uranium mining claims."
Mr. Detinger went on to state: "Once we start rolling out the drilling equipment, we will move systematically from the areas further north to the southern region. Secondly, our initial exploration drilling will be concentrated in the key areas where our data revealed the presence of a large number of conductive responses occurring as conductive zones."
Globex also announced that its executive committee has organized the Company's operations into two distinct business segments: (i) Mining Exploration and Development and (ii) Ethanol technology development. This operational structure will allow Globex to effectively manage both of its businesses by allocating the personnel and resources as per the requirements of each segment.
Globex's Ethanol technology segment involves the development of an innovative pre-treatment method for the production of bioethanol. This process is an integral part of the biomass conversion method to produce ethanol from cellulose waste products; namely residues from crops, wood chips and pulp & paper. By transforming wood waste into bioethanol, it is a win-win scenario - greenhouse gases are reduced, air quality is improved and the forest and pulp & paper industries valorize their residues.
Globex is currently negotiating the terms related to the licensing of its leading-edge ethanol technology, with high level US public authorities. The vision of Globex's ethanol division is to identify new sources of energy and develop alternative 'green' energy solutions that not only protect but enhance the environment.
Forward-Looking Statements
Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.
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This ones strong today, just freed up some funds to buy more. This one should be a good runner soon!
Posts: 56 | From: Massachusetts | Registered: May 2006
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This will make RGNO look like childs play. I'm in both, but this thing moves with the quickness! Last time it went up 1000% on 4 million in volume. Happen to know without a doubt the entire float is being held by some friends of mine. An who...keep your eye on this, it will be movin REAL soon! GLTA
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We're both in RGNO and GLXI cassity, great last few days, better days to come. I still need some more GLXI, Ive been buying small blocks as funds free up. GLTA buddy
Posts: 56 | From: Massachusetts | Registered: May 2006
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I am not one to play the MM card but it sure seems like they or someone wants to keep this under 10. Maybe the flippers are keeping it in this range. It is a great flipping stock. TMAN...
-------------------- In the end, trust only yourself when trading stocks. Posts: 2048 | From: Texas | Registered: Feb 2006
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quote:Originally posted by tmanfromtexas: I am not one to play the MM card but it sure seems like they or someone wants to keep this under 10. Maybe the flippers are keeping it in this range. It is a great flipping stock. TMAN...
Look at the L2's VERY thin all the way to .55!! This breaks .10 and it will be very exciting!
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