A recently completed Pre-Feasibility Study by Tetra Tech Consultants of Golden, CO demonstrates that this project could be one of the lowest cost producing uranium mines in the entire world, especially on the European continent which is hungry for product. Europe has only one currently operating uranium mine in the Czech Republic. There are 160 reactors with more under construction requiring an additional indigenous source of uranium. This uranium asset may provide a timely solution.
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Why This Alaska Heavy Rare Earth Mine Is Unique
Recent headlines inform us that the Obama Administration has finally decided to increase pressures on China in the rare earth quandary by joining Japan and the EU in the case before the World Trade Organization. This may be a move motivated by the upcoming national elections as well as the pressures placed upon the President to say something or anything in response to Romney’s support of Bokan Mountain (Ucore) where he wrote an open letter to Alaskans emphasizing that their state is in the vanguard of America reclaiming rare earth independence.
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Mining Giants Are Looking To Lockup Long Term Supply Of Uranium and Rare Earths
Global miner Rio Tinto announced that there were increasing risks of a supply shortfall in strategic metals. The majors are dealing with the rise of resource nationalism and rising permitting difficulties for new mines. Countries such as China, Indonesia, Namibia and Argentina among others have already expressed that they want a bigger slice of the pie adding export taxes and forex requirements.
Recently one of our recent rare earth/uranium recommendations Pele Mountain announced an Updated PEA for its 100% owned Eco Ridge Mine Rare Earths and Uranium Project. The numbers are very compelling especially considering its dual advantage of potentially producing rare earths and uranium at a time where we may witness a supply shortfall in these metals. Already there are uranium mines operating at much lower grades than Eco Ridge's.
With the growing rise of resource nationalism and the supply shortfall in critical rare earths and uranium, Pele's Eco Ridge seems to be a logical choice for majors desperate for new, economic, long life supplies of uranium and critical rare earths. The Ontario Province may see Elliot Lake as a strategic supplier of critical metals and uranium required for cheap and clean energy.
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Why This Gold Miner Has Considerably Outperformed The Sector Since 2008
China is easing financial and fiscal policies for at least the first 6
months of this year. This action is letting the world financial markets
know that carefully chosen mining equities are the place to be. China has
flipped the “risk on”switch for precious metal equities.
Inflationary forces, possibly gut wrenching are in the cards. The losers
may well be the possessors of dollars and purportedly safe treasuries.
This will be the impetus to move capital out of cash,treasuries and
overvalued banks into mining equities and commodities.
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Smart Long Term Precious Metal Investors Are Buying This Junior Gold Miner Despite Sector Weakness
The long term trend remains up in gold/silver and we may be approaching a turning point
sooner rather than later. The equity markets are overbought while precious
metals are once again on sale at a discount.
One of our gold miners has been significantly outperforming in a weak general gold mining equity market.
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Quantum Rare Earth Development Announces Updated Resource Estimate: Highest Grade Niobium In N. America
Quantum's resource is the highest grade primary niobium deposit under development in North America and the only major deposit of Niobium in the U.S., where 100% of this strategic metal is imported.
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Ucore Rare Metals (UCU) Assembles Highly Experienced Mine Development Team
Ken Collison is assembling the Ucore mine development team and taking on
the responsibility of advancing this mine closer to production. He was the
Chief Operating Officer of Thompson Creek from 2005-2009. During Ken's
tenure at Thompson Creek the stock went from $.50 to $24. He has over 40
years of experience in the mining industry and extensive experience in
operations as well as permitting and preparation of feasibility studies.
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General Moly (GMO) Advancing One Of The Highest Grade and Largest Moly Projects In The World
General Moly should begin construction on its world class Mt. Hope
molybdenum mine in mining friendly Nevada later this year. Mt. Hope is
considered one of the largest and highest grade moly mines in the world.
Many major institutions such as Posco, Hanlong, Arcelor Mittal and Sojitz
have done their due diligence in this asset and are confident investing
taking a long term approach. This provides General Moly with strong
financial backers from Korea and China.
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Uranerz Energy (URZ): “Best Hole Ever Drilled By Company”
Uranerz is positioned to become America’s next uranium producer and is the rare gem that is poised on the cusp of providing near term rewards. In the interest of time and space, it should suffice that we have researched this company and hasten to bring it to your attention. Production is slated to begin in 2012.
Today Uranerz reported that it continues to receive good uranium grades in holes drilled for well-field installation. The recent hole was the best hole ever drilled by the Company.
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Edgewater’s (EDW) Corcoesto Project In Spain Continues To Return Exciting Infill Drilling Results
The major miners are looking for economically viable mines capable of profitable development that are moving into the feasibility stage. The big companies are flush with cash and are eager to buy projects at wholesale prices.
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