URANIUM ONE ACQUIRES INVESTMENT IN PALADIN ENERGY

VANCOUVER and JOHANNESBURG, April 30 /CNW/ - Uranium One Inc. ("Uranium One" or the "Company") today confirmed that it has acquired an investment in ordinary shares of Paladin Energy Ltd. ("Paladin"). The share purchases were made through Uranium One's 100% owned Luxembourg-based subsidiary Cheetah Resources SARL.

The shares of Paladin were purchased for investment purposes. Uranium One continually reviews its investment alternatives and may, from time to time, acquire additional shares or dispose of its holdings of shares in Paladin.

Although not at a level requiring the lodgement of a substantial shareholder notice, the shareholding raises questions about the identity of the buyer.

Based on publicly available information, Cheetah Resources appears to be a 100% owned subsidiary of TSX/JSX listed uranium company, Uranium One Inc (TSX:UUU).

Uranium One has a market capitalisation of approximately US$1.5 billion. However, upon further investigation, the company has links to Rosatom, the State Corporation controlling all of Russia’s nuclear activities.

Paladin is the largest independent, pure play publicly traded global uranium producer with a market capitalisation of approximately A$2.7 billion. Paladin has two operating mines in Africa and advanced exploration and development assets globally.

A strong production growth profile is expected to expand Paladin’s current production base to in excess of 14Mlb of U3O8 by 2014.

John Borshoff, Managing Director, said to date, Paladin has not been contacted by either Cheetah Resources or Uranium One in regard to this shareholding and is not aware of their intentions in relation to the holding.

As at 22 April 2010, and based on available information, Paladin believes a minimum of 9,839,156 shares has been purchased, which would be equivalent to 1.4% of issued capital.

Interestingly, Uranium One’s largest shareholder is Effective Energy NV, a 100% owned subsidiary of ARMZ Uranium Holding Co. (ARMZ), which is the appointed and authorised uranium feedstock supplier to the Russian Nuclear Industry.

ARMZ is part of Rosatom. According to the World Nuclear Association, Russia is moving steadily forward with plans for a much expanded role of nuclear energy, with the intention to double output by 2020.

Paladin said the information should be conveyed to the market for the purposes of keeping the market fully informed, particularly in view of the concentrated nature of the global uranium industry and the role Paladin plays in this exclusive sector.

About Uranium One

Uranium One is one of the world's largest publicly traded uranium producers with a globally diversified portfolio of assets located in Kazakhstan, the United States and Australia.

AUSTRALIAN URANIUM MINER ENERGY RESOURCES HIT BY LOWER PRODUCTION

ENERGY Resources of Australia says softer market conditions are taking their toll and will influence average sale prices expected during the first half of 2010.

The Darwin-based miner had previously given guidance that average realised sales prices in 2010 were expected to be similar to 2009, but said today that softer market conditions now looked set to have an influence on prices in the first half.

ERA produces about 10 per cent of the world's uranium from its Ranger mine in the Northern Territory.

The miner also said production fell sharply in the first quarter of 2010, after lower grades and weather impacts took their toll. First quarter uranium output was down 27 per cent on year to 888 tonnes.

The Rio Tinto subsidiary said in a statement that average ore grades processed during the quarter of 0.17 per cent uranium were down 41 per cent on the previous corresponding period.

Material mined also fell 60 per cent on year and ERA said this was mainly due to precautionary work on an area of instability on the south wall of the Ranger open pit and seasonal weather impacts.

ERA had previously indicated it was expecting to experience lower grades in the first half of 2010 and the miner said it expects second quarter output to be in line with the first quarter.

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BERKELEY RESOURCES LATEST SALAMANCA URANIUM PROJECT DRILL RESULTS LOOKS ENCOURAGING

Salamanca Uranium Project

Berkeley Resources (ASX:BKY) has received drill results from exploration at the Águila and Alameda areas and final results from the program at the Alameda South deposit at the Salamanca Uranium Project in Spain.

A total of 19 diamond holes (1,667m) were drilled at the Alameda South deposit, all of which intercepted their intended targets.

The thickness and grade of the intercepts continues to provide a high level of confidence in the historical drilling information upon which Berkeley has based its exploration targets. The Alameda exploration target is 25.5 - 29 million tonnes @ 450 - 500 ppm U3O8.

The Alameda deposits have been extensively explored by ENUSA but are not classed as Mineral Resources. The Alameda South deposit is located 12km west of the ENUSA Quercus Plant and is accessible via sealed highway and a sealed secondary road.

Best drill intersections based on down-hole gamma logging were: Hole ASD_001 3.2m @ 5,904ppm eU308 and Hole ASX_002 47.5m @ 2,120ppm eU308.

It is anticipated that a Mineral Resource Estimate will be completed for the Alameda area by the end of the 1st Quarter.

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SOUTHERN URANIUM IDENTIFIES 6 NEW URANIUM - COPPER - GOLD TARGETS IN STH AUSTRALIA

Wednesday, March 03, 2010

Southern Uranium (ASX: SNU) has completed a large gravity survey around the Ridgeback magnetic targets near Bute on Yorke Peninsula, South Australia.

The results have added six new "high priority" copper-gold-uranium targets within the highly prospective Pine Point Fault Zone.

This resulted from a gravity survey of the 30km length of prospective Pine Point Fault Zone (PPFZ) within Exploration Licence (EL) 4278 that is held 100 percent by Southern Uranium.

John Anderson, Southern Uranium’s managing director, said the survey work had produced excellent results.

“The gravity results are very exciting as the new targets firmed up our view that the Ridgeback area is one of South Australia’s best exploration addresses with potential for greenfields IOCGU discoveries.” Mr Anderson said.

“The combined gravity and magnetic targets support the presence of a large mineral system that warrants a substantial exploration program. The pattern of targets is close to our structural prediction of where IOCGU deposits are likely to have formed, so we look forward to being able to start drill testing soon.”

The February survey was designed to detect gravity targets with potential for iron oxide copper gold uranium (IOCGU) deposits in association with the two Hillside-style magnetic targets already identified at Ridgeback.

Consequently, six new targets were identified as gravity anomalies adjacent to the Ridgeback targets and other magnetic anomalies along a highly prospective 20km segment of the PPFZ.

The magnetic targets are proposed for drill testing as soon as access agreements are finalised with landowners.

The Pine Point Fault Zone hosts the Hillside copper-gold and uranium deposits recently discovered by Rex Minerals (ASX:RXM) and located 60km south of EL 4278. The Hillside deposits are hosted by magnetite-altered rocks and are considered variants of the IOCGU family of deposits.

Gawler Craton is a world-class copper gold uranium province with growing discoveries of IOCGU deposits at Prominent Hill, Carrapateena and Hillside add to the best known example of Olympic Dam.

Gravity was the primary exploration method used to discover the Olympic Dam, Prominent Hill and Carrapateena deposits adjacent to lead-in magnetic anomalies.

Each discovery has added more information that improves the ability to choose locations and exploration techniques to make the next generation of discoveries within the craton.

The Ridgeback magnetic targets may be the core of a large mineral system that also contains haematite-hosted IOCGU deposits. Haematite is another iron oxide that can form IOCGU deposits but unlike magnetite is not magnetic.

The recent gravity surveying was therefore undertaken over an approximate 7km by 30km area centred on the Ridgeback magnetic targets.

This work identified six new high potential targets as being semi-coincident with or along the PPFZ from the magnetic targets. The new targets have prospective sizes of one to two kilometres length.

The pattern of gravity anomalies relative to the initial magnetic targets is encouragingly consistent with the structural prediction of IOCGU targets interpreted from the regional magnetics and used to select the area of the survey.

The pattern and extent of anomalous geophysical signatures may indicate a large mineral centre.

Southern Uranium’s initial priority is the drilling of the two Ridgeback magnetic targets to test for Hillside-style deposits or to at least demonstrate the presence of a large IOCGU mineral system.

The positive gravity results have significantly expanded the target portfolio at Ridgeback and additional drill programs are being planned.

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BANNERMAN RESOURCES PROGRESSES DFS AT ITS ETANGO URANIUM PROJECT NAMIBIA

BANNERMAN Resources has revealed its Definitive Feasibility Study (DFS) is underway on its Etango uranium project in Namibia, southwest Africa.

The Perth-based uranium development company says the announcement follows the results received from a range of continuous flotation tests conducted last month and earlier this month.

“These tests followed on from the batch flotation testwork undertaken in 2009,” Bannerman Resources says.

According to Bannerman Resources, further investigations are being undertaken into the metallurgical parameters, prior to progressing to the larger scale pilot plant test work.

Bannerman Resources says it has already completed 284,000m of drilling within the Etango project and expects the inclusion of the latest drilling into the resource model is expected to significantly improve the confidence of the resource.

Bannerman chief executive, Len Jubber says the project is making significant progress.

"We now have greater confidence in our understanding of the Etango mineralisation and are exploring some exciting opportunities to optimise the mining scenario, with the potential to reduce operating costs," Jubber says.

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ARGENTINA'S THIRD NUCLEAR POWER PLANT NEARS COMPLETION

Atucha II Nuclear Facility

BUENOS AIRES, Feb. 9 (UPI) -- Amid deepening economic woes, Argentine consumers have been told they can look forward to more stable electricity supplies from the country's third nuclear power generation plant before the end of this year.

Argentine power consumption has gone up with industrial growth and extension of modern amenities to the country's burgeoning middle classes. But supply has not kept pace with demand, and blackouts and outages in the capital are endemic, costing hundreds of thousands of dollars in lost productivity and perishable foods and other merchandise.

The recent power and water shortages in neighboring Venezuela caused widespread concern in Argentina, which also experienced frequent outages. The government of President Cristina Fernandez de Kirchner played down their severity, but her critics said the shortages pointed to government failures.

The shortages in Venezuela were blamed on chronic drought, but opposition critics of President Hugo Chavez also cited mismanagement.

In Argentina, criticism has centered on inadequate modern amenities in the outlying rural areas due to poor infrastructure and bureaucratic neglect.

Officials insist the impact of outages has been minimal. Opposition critics say the government takes little account of power breaks in the outlying areas of Argentina and refers only to blackouts in the capital.

News of new electricity supply likely to join the national grid was announced by Planning Minister Julio De Vido, who said work had been advanced on the commissioning of the new nuclear power generation plant.

The statement contrasted with his announcement in April 2009 that work on the Atucha II plant could not be finished before 2011.

Argentina's nuclear power generation program dates back to the 1970s but was mired in controversy and environmental and factional politics. Argentina's former military dictators saw nuclear power as a military option and even attempted uranium enrichment and missile production. As a result, the end of the military regime in the 1980s led to the nuclear program being abandoned altogether.

Argentina relaunched its nuclear power program nearly three years ago, as the government could argue for its urgent need amid worsening conventional energy supplies.

The rising prices for oil and gas also enabled the government to make a convincing case for nuclear power. Currently Argentina imports gas from Bolivia and liquefied natural gas from Trinidad and Tobago.

The Atucha II plant is expected to generate about 700 megawatts of electricity, but it is two decades late. Argentina's first nuclear power plant, the 360-megawatt plant Atucha I, came on stream in 1974, and the second plant, the 650-megawatt Embalse, began operations a decade later. However, nuclear power still accounts for no more than 5 percent of Argentina's electricity grid.

De Vido said plans were under way to speed up the commissioning of the Argentine-Paraguayan Yacyreta hydroelectric plant this year. Once finished, the two projects will add 2,000 megawatts to the national power grid, he said.

The completion of the Atucha II nuclear power plant and the hydroelectric plant will increase Argentina's total power generation capacity by about 10 percent, De Vido said.

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Australian Uranium Explorer Northern Uranium Discovers Prized Heavy Rare Earth Elements

Rare Earths

Rare earths are a particular class of elements in the Periodic Table that were once difficult to extract and purify. They are used in many high-technology applications including magnets, rechargeable batteries, electronic displays, lasers, superconductors, catalytic converters, smart bombs, and wind turbines. China supplies about 95% of world production. Given the strategic importance of rare earths, China has been stockpiling them and restricting exports. A Chinese government report has recommended an outright ban on exporting the scarcest of these elements.


NORTHERN URANIUM - NTU

Northern Uranium (ASX: NTU) has followed up December discoveries of significant rare earth elements targets at its 100%-owned Gardiner-Tanami project, with today's news of high concentration of heavy rare earth elements (HREE) in the mineralization.

Heavy REE's have a significantly higher market value on a per pound basis than the more common light REE's.

NTU identified unusually high concentrations of HREE in hydrothermal quartz-xenotime mineralisation in the Browns Range Dome area at Gardiner-Tanami.

NTU has targeted rare earths exploration as a significant focus in 2010 at at the Gardiner-Tanami project, bordering the Northern Territory and Western Australia, in tandem with the company's core uranium project.

The results of an age-dating study pointed to the possibility of large scale HREE ore-deposit potential in the area.

The company's HREE discovery represents an interesting value-adding component for NTU investors and shareholders.

Executive chairman Kevin Schultz said that a further study of the HREE bearing mineralisation at the company's tenements showed that at current REE prices it has extremely high in-ground value.

In fact, analysis to date indicated it has an estimated in-ground value of US$1,270 per tonne.

Xenotime (a yttrium and rare earths bearing phosphate mineral) was first identified in the western Browns Range Dome area in the 1980s by Japanese nuclear energy organization PNC Exploration while exploring for uranium.

PNC named the area of quartz-xenotime mineralisation “Area 5 Prospect” and one of the larger quartz-xenotime veins gave extremely high grade results up to 16% yttrium, 0.2% uranium, 0.5% light Rare Earth Elements (LREE) and 12% HREE.

Then in 2009, previously unknown quartz-xenotime mineralisation was encountered by NTU - 4km to the northnortheast of Area 5 Prospect during Northern Uranium’s uranium exploration program.

These newly discovered hydrothermal xenotime-quartz stockworks, referred to as “NNE Prospect”, are similar to the Area 5 occurrences. Xenotime concentration was recorded as being up to 3-4 wt-%.

Interestingly, the rare earths and Yttrium distribution from assay results of the quartzxenotime mineralisation at NNE Prospect at typical current market prices for rare earth metals, demonstrates NTU's HREE's at Browns Range compares favourably with other major global REE deposits.

The Browns Range Dome area could conceivably become an important new province for highgrade Yttrium-HREE mineralisation.

NTU will proceed with the HREE exploration program, in conjunction with the 2010 uranium exploration programm including review and re-processing of airborne mapping data and airborne radiometrics.

An extensive rare earths target zone has been identified by NTU at the project.

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White Canyon Uranium Signs Toll Milling Agreement With Denison Mines Corp.

US-focussed Uranium producer White Canyon Uranium (ASX: WCU) has executed a toll milling agreement with Denison Mines Corp. (TSX:DML, NYSE AMEX:DNN).

Denison will process all material produced from White Canyon’s owned and operated Daneros uranium mine in Utah.

White Canyon has confirmed that based on the conditions in the toll milling agreement the Daneros mine is viable even at current spot prices.

The agreement has a three year term with an optional two year extension and commences in January 2010.

The earlier than expected execution of the Toll Treating Agreement concludes the Company’s participation in the Ore Purchase Programme with only the first ore lot sold to Denison.

Denison used samples from the first ore lot to conduct amenability tests and derive the processing variables necessary for the completion of a Toll Milling Agreement.

Under the terms of the agreement, White Canyon will transport material produced to Denison’s White Mesa Mill for processing of up to 55,000 tons per annum.

The Company will pay to Denison the costs to mill its ore, a capital charge plus a toll milling fee per ton of ore, which will be partly linked to the long-term uranium price.

Processing will be scheduled by Denison and first processing of Daneros ore is expected in H1 2011 allowing White Canyon to meet expected delivery dates in H2 2011.

Initial production is expected to be sourced from the Daneros mine, which is located approximately 100kms from the White Mesa complex and has been the source of material provided to date for analysis to derive critical processing parameters in determining this toll milling agreement.

Additional production is expected to be sourced from the Company’s Lark Royal, Geitus, Blue Jay, Marcy Look and Yellow Cat projects, which are also in close proximity to the White Mesa Mill.

The total tonnage will be negotiated at the completion of each 12 month production period for the subsequent full production year dependent on mill availability.

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Todays 24th Sept 2009 Top ASX Uranium Performer Forte Energy Limited

Brief Overview of Forte Energy FTE

Forte Energy NL is an Australian-based minerals company focused on the exploration, evaluation and development of uranium and energy-related projects worldwide.

The Company changed its name from Murchison United NL on 25 November 2008.

Forte Energy has secured an extensive portfolio of uranium projects in the Republics of Guinea and Mauritania in West Africa, where it is pursuing intensive exploration programs. The Company also holds copper and cobalt interests in Queensland and Western Australia, Australia.

Forte Energy's shares are listed on both the Australian Stock Exchange (ASX - FTE) and the Alternative Investment Market (AIM - FTE) of the London Stock Exchange.

Thursday 24th Sept 2009
Forte Energy Limited (FTE)
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CASH FLOW REPORTS


Volume: 14,091,179
No. of Trades: 279
Opening Price: 0.185
High Price: 0.22
Low Price: 0.18

Closed at 0.22 Up 25.71%
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Charting Analysis Overview Of FTE's Current Trading
# Closed outside top Bollinger
# Closed Today at Record High
# 2 Day's Rising Volume

5-day EMA: 0.171
10-day EMA: 0.167
15-day EMA: 0.162
30-day EMA: 0.155
Average Daily Volume 2,086,204

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Chart Below Showing Cross-Over of
Buyers~~~~ over Sellers~~~~~


Forte Energy Limited Announcement


Recent News - Resource Drilling Commences at Bir En Nar in Mauritania
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HERE'S THURSDAY'S 24th SEPT 2009
TOP 10 ASX URANIUM PLAYS

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To View Some Excellent Archived 1970's Video's

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