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Maruwa Co. Ltd | MAW | London | Ordinary Share |
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Posted at 09/10/2006 00:33 by energyi The Lundin family together with International Uranium and Denison Mines. Lukas Lundin becomes chairmen in the new mining company with a market capitalisation of 7 billion sek and two large plants for production of uranium. The company will search uranium in Sweden. "we will become number four or five in the world for the production of uranium. The industry needs to be consolidated and we are looking at two, three small companies that we want to buy ", says Lukas Lundin. The new group is joint owners in two uranium mines and has several own projects with significant reserves that will mined the coming years. Until 2010 the company plans to open four new uranium mines in North America. The preparations are taking place. Moreover, an potential exists in other prospecting sites.. Denison and International Uranium searchs today for uranium in USA, Canada, Mongolia and Australia. Lukas Lundin discloses also that he intends to begin to drill here at home in Sweden. "We are looking at Argentina and Sweden. Our exploration budget is 20 millions Canada dollars per year. Sweden is a prospective country. " Other foreign companies are already searching for uranium in Sweden, despite the politicians says no to mining. Lukas Lundin feels that things will change. "The situation will change, although perhaps not tomorrow but in the long run. Energy is a very important question. " The market price has risen 430 percent in two years and the sector believes that the upturn will continue. The prospecting companies have attracted many new investors. "World production this year is lower than the previous year and the situation is extremely bullish' . The market price has risen 3 percent in a month and now lies at 53,25 dollars per pound. In order for new plants to be contructed in the USA 100 dollars per pound is required ", says Lukas Lundin. The new company is joint owners in a large production plant in Canada and a sole owner of a plant in the USA. Production will be 4 millions pounds in 2008 and 6 millions and 2010. "There are only four plants in North america and we have two of them. The two plants have capacity to produce 13 millions pounds, but we will commence with four. " Your position as chairmen in one of the world's largest uranium companies is not so politically correct, have you considered this? "I think that it is politically correct. The best we can do now is to find more uranium. Nuclear power is the world's purest energy form if global warming should welcome us. " Lukas Lundin do not eliminate a listing of Denisons shares in Stockholm. "I have not thought, but perhaps." |
Posted at 19/9/2006 10:02 by princey0 Denison Mines and International Uranium to merge, creating company worth $1BVANCOUVER (CP) - Denison Mines Inc. (TSX:DEN) and International Uranium Corp. (TSX:IUC) plan to merge in a share-swap deal to create a mid-tier uranium producer with a market capitalization of roughly $1 billion, the companies said late Monday. The new company will be stronger due to its diversified production, including Denison's projects in Saskatchewan and International Uranium's assets in the United States, said International Uranium's president and CEO Ron Hochstein. "We'll fill a niche for the investors in terms of a new intermediate producer," Hochstein said in an interview. Under the deal announced after the close of markets, Denison shareholders will exchange each of their shares for 2.88 International Uranium shares. International Uranium shareholders will continue to hold their existing common shares. The deal values Denison at about $518 million and its shares at $17.02 based on share prices Monday, a slight premium to the company's closing price of $16.75. IUC has a market capitalization of about $523 million. Hochstein, who will be president and chief operating officer of the combined company, said his focus will be on integrating the two company's operations and growing the company. "We see some management compliance cost savings, but really what's kind of very exciting about this is both management groups were running so lean that both groups are very complementary," he said. "We bring the U.S. operating experience and U.S. assets. Denison brings the interest in operations in some of the richest deposits in the world." Denison Mines has a 22.5 per cent interest in McClean Lake in northern Saskatchewan and a 25.17 per cent interest in the Midwest uranium project, while International Uranium's holdings include uranium and vanadium deposits in the U.S. as well as the White Mesa mill in Utah. Denison chief executive Peter Farmer said the combined financial strength of the new company will help it grow. As of June 30, the combined company would have had cash and short-term investments of $127 million and no long-term debt. "While focusing on developing additional production at our licensed McClean Lake and White Mesa mills, we will also combine our excellent global exploration prospects," Farmer said in a statement. "This transaction will significantly increase our production in the short term while adding potential long-life assets." Existing IUC and Denison shareholders will each own approximately 50 per cent of the new company, which will have about 176 million common shares outstanding after the merger. The combined company will be named Denison Mines Ltd. and keep its primary listing on the Toronto Stock Exchange. Farmer will be chief executive of the combined company, while International Uranium chairman Lukas Lundin will be chairman of the combined company. Both Denison and International Uranium will be equally represented on the board. The transaction requires the approval of two-thirds of Denison's shareholders and option-holders and a majority of the IUC shareholders. It is also subject to other customary conditions and regulatory approvals. The deal includes a break fee of $16 million payable under certain circumstances. The directors and senior executives of each company have entered into agreements to vote their shares in support of the deal. Lundin family interests, holding 19.9 per cent of International Uranium, have also pledged their support. Each company is expected hold a special shareholder meeting in November to vote on the transaction. The deal is expected to close by the middle of December. |
Posted at 11/7/2006 23:03 by holdontightuk csmyth - 12 Jun'06 - 11:41 - 43 of 4543101 reports are out in 2-4 weeks. I would expect the stock to start firming up in anticipation of these as the analysts will then see Mawson with over 120m lbs of uranium. Didnt quite happen that way did it! Dear Investors, Brokers and Friends: I am pleased to announce that a NI43-101 technical report on three uranium properties has been prepared by Andrew Browne of GeoSynthesis Pty Ltd, who has 35 years resource experience within the uranium industry. He was team leader during the discovery of the Ranger 68 uranium deposit and is the current Qualified Person for the reserves at the Jabiluka uranium project, owned by Energy Resources of Australia Ltd (ERA). The technical report will soon be available on SEDAR. The main findings of the report are: * The Kläppibäcken project contains 2.0 million pounds of uranium oxide in an indicated category as per CIM guidelines. This estimate is regarded as a minimum, since the mineralization is still open laterally and at depth. * The Duobblon project contains 11.6 million pounds of uranium oxide in an inferred category as per CIM guidelines. * The magnitude of the exploration target at Tåsjö has been confirmed. * The proposed total budget for the three uranium projects over the next 18 months exceeds CAD$2,000,000. Below you will find today's press release with further information. Regards, Michael Hudson President & CEO NEWS RELEASE ● JULY 11, 2006 MAWSON RESOURCES NI43-101 TECHNICAL REPORT CONFIRMS URANIUM RESOURCES IN SWEDEN Vancouver, Canada Mawson Resources Limited ("Mawson" and/or the "Company") TSXv MAW; Frankfurt MRY. Mr Michael Hudson, President & CEO, is pleased to announce that a NI43-101 technical report on three uranium properties has been prepared and will soon be available on SEDAR. The main findings of the report are the Kläppibäcken project contains 2.0 million pounds of uranium oxide in an indicated category and the Duobblon project contains 11.6 million pounds of uranium oxide in an inferred category as per CIM guidelines. In addition, the magnitude of the exploration target at Tåsjö has been confirmed. The estimate at Kläppibäcken is regarded as a minimum, since the mineralization is still open laterally and at depth. The proposed total budget for the three uranium projects over the next 18 months exceeds CAD$2,000,000. The independent qualified person authoring the report is Andrew Browne of GeoSynthesis Pty Ltd, who has 35 years resource experience within the uranium industry. He was team leader during the discovery of the Ranger 68 uranium deposit and is the current Qualified Person for the reserves at the Jabiluka uranium project, owned by Energy Resources of Australia Ltd (ERA) and located in the Northern Territory of Australia. Mr. Browne visited Sweden in early May to conduct his due diligence on the projects. Mawson is the 100% owner of three advanced uranium exploration areas in Sweden, two of which contain drilled uranium deposits, and one containing a partially-drilled uranium occurrence. The projects are named Kläppibäcken (209 hectares granted and 7,555 hectares under application, totalling 7,764 hectares), Duobblon (5,169 hectares), and Tåsjö (17,563 hectares), together covering 30,496 hectares. All of these exploration licenses lie within the northern half of Sweden, south of the Arctic Circle, and along the Caledonide mountain front just east of the border with Norway. Kläppibäcken is accessible from a power line access track, Duobblon via two wheel drive forestry roads and Tåsjö via major paved roads. Kläppibäcken Kläppibäcken is part of the intrusive-related uranium deposit spectrum. The uranium mineralization occurs in a cataclastic to brecciated granite which is generally strongly enriched in fluorite. The fluorite content increases with the degree of brecciation, and is generally highest in the central parts of the mineralisation. The width of mineralisation is generally greater than 30m, and locally up to 50m or more. The historical drilling has shown that mineralisation exists to greater than 150m below the surface, at least 150m along strike, and remains open both at depth and along strike. Historical resource estimates were completed at Kläppibäcken by the Exploration Division of the Swedish Geological Survey ("SGAB") in 1984, using XRF and NAA analytical data separately and using two separate cut-off grades. Thirty-two drill holes for 3,951m were completed and drilling was carried out within an area approximately 150m by 200m, along a total of 6 drilling sections, with a distance of 25m between sections. The distance between holes in the same section was generally 25m. The ore resource estimation was completed using SGAB's in-house computer program, based on a polygonal sectional technique. Following a review of the SGU documentation and the auditing of the calculation methodology, GeoSynthesis concludes that the historical SGU estimates at Kläppibäcken should be classified as Indicated Resources as per CIM guidelines, on the basis of the close density of drilling, checked composited grades and inter-hole continuity. Using a 300ppm uranium lower cut-off the indicated resource at Kläppibäcken is: * 929,756 tonnes at 0.10% U3O8 for 897 tonnes (2.0 Mlbs) of uranium oxide (U3O8) These estimates are regarded as a minimum, since the mineralization is still open laterally and at depth. Duobblon Duobblon is part of the acid volcanic-related uranium deposit spectrum, hosted within a locally developed, shallowly dipping suite of sedimentary and pyroclastic lithologies. Mineralization extends from 3m below surface to at least 300m vertical depth. The host ignimbrite sequence is approximately 60m thick and is known over a strike length in excess of 5 kilometres. The richest uranium concentrations occur as several 5-25m thick and 1,000m long horizons within the ignimbrite. Uranium occurs as fine pitchblende disseminations, as complex uranotitanates in association with Fe-Ti-Mn oxides and as molecular coatings associated with the sericite matrix. Drilling was completed between 1976 to 1979 within a 200m by 100m drilling pattern by the Swedish Geological Survey ("SGU") along twenty-three sections spaced approximately 200m apart over 6000m of east-west strike. In total 55 drill holes for 10,316m of core were completed at Duobblon. The deposit was divided into three zones western, central, and eastern. The central zone comprises the resource area and has a strike extent of approximately 1,000m which was tested by 35 drill holes containing 7,346m within twelve, 200m spaced cross sections. Hole spacing along the sections was approximately 100m. Uranium block grades were estimated as metre-% within each mineralised zone in the sections, utilizing a minimum 0.01 metre-% uranium grade-thickness. The main limitation with this technique is that a high grade thin zone has the same average as a thick low grade zone. The ore resource estimation was completed using a polygonal sectional technique based on planimetry. GeoSynthesis concludes that, following this review of the SGU historical resource estimate completed at Duobblon by the SGU in 1979 and the auditing of the calculation methodology, that the following historical SGU estimates at Duobblon should be classified as Inferred Resources as per CIM guidelines, on the bases of the geological continuity, wider density of drilling, checked grades and inter-hole continuity: * 16.271 million tonnes at 0.0342% U3O8 for 5266 tonnes (11.6 Mlbs) of uranium oxide Over 70% of this occurs within three of the cross-sections, one of which has an average uranium content of 0.051% U3O8. Tåsjö Tåsjö is part of the sedimentary uranium deposit spectrum. Uranium mineralisation associated with phosphate concentrations are known globally, although the Tåsjö deposit is perhaps the oldest known to date, being Cambro-Ordovician. At Tåsjö, the 83 drillholes that have been drilled into Mawson's project over an area of approximately 10 kilometres by 20 kilometres do not provide sufficient density of data for the calculation of a NI43-101 compliant resource. However, the uranium mineralized horizon has been drill intersected over a large area. Uranium mineralization is associated with concretions of the apatite mineral carbonate-fluorapati up to 20% of the rock. Mass balance calculations indicate that the uranium grade of the apatite is 0.16%, while the grade of the host Lycophoria Schist ranges between 0.03 - 0.07% U3O8 and 0.11 - 0.24% rare earth metals. The combination of rare earth metals has been confirmed by check sampling. G. Armands (1964) of the Swedish Atomic Energy Agency estimated that 75 to 150 million tonnes exist within the Tåsjö field at a grade between 0.03 - 0.07% U3O8, 0.11 - 0.24% REE, and 3.75 - 7.5% P2O5 as detailed in his report "Geological Investigations in the Tåsjö area in 1963 and 1964". His estimate of the total contained metal of the field was 104 - 116 million pounds of U3O8 plus 165,000-180,000 tonnes of REE and 5.63 million tonnes of P2O5. Following a review of the SGU documentation, a field visit and check analysis of core samples, GeoSynthesis confirms the scale of the conceptual exploration target estimate. The potential quantity and grade indicated is conceptual in nature, there has been insufficient exploration to define the target at this time and it is uncertain that further exploration will result in the definition of a resource. The independent qualified person for Mawson's Swedish uranium projects and author of the NI43-101 technical report is Andrew Browne. Mr. Browne is a Fellow of the Australasian Institute of Mining and Metallurgy and has reviewed and verified the contents of this release. On behalf of the Board, "Michael Hudson" Michael Hudson, President & CEO Investor Information www.mawsonresources. 1305 1090 West Georgia St., Vancouver, BC, V6E 3V7 Email: info@mawsonresources Company Contact: Mariana Bermudez (604) 685 9316 Investor Relation Consultants: Mining Interactive Nick Nicolaas (604) 657 4058, Wayne Melvin (604) 619 6327 Forward Looking Statement. This news release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein. Neither the TSX Venture Exchange nor the Frankfurt Deutsche Börse have reviewed the information contained herein and, therefore, do not accept responsibility for the adequacy or accuracy of this news release. |
Posted at 01/5/2006 19:25 by holdontightuk Looks to be trying to make that break.....I topped up with a few today.SUBJECT: Uranium projects in Sweden - what a chance!!! Posted By: holmeshawk28 Post Time: 4/30/2006 08:03 « Previous Message Next Message » Mawson runs a lot of very good Uranium projects in Sweden - but at the moment they aren´t allowed to exploit them. But there seems to be a political swing ahead - the high oil and gas prices do make that possible. Sweden needs to be independent in the future. The dependence on rising prices of different energy sources is a real problem - at last in many European countries. The Uranium price creates just 5% of the costs of nuclear power plants. So if there is a souring Uranium price, the costs of running nuclear power plants will react moderately. Think about other energy resources - a strongly rising price will have a greater effect on producing energy. So, apart from the excellent Gold projects (the drilling results will come out in less than two weeks due to the schedule) there are superior Uranium projects. If there ist an chance to exploit them, the stock will mutiply (just my opinion). Regarding a question the shareholder potential of the Uranium projects, Michael Hudson (CEO) wrote me the following: Dear Mr XXX, Thank you for your interest in Mawson. More details regarding the Company's approach to uranium exploration and mining in Sweden can be found at and under the index on the Mawson website Investors>>Uranium Industry Information. European uranium consumption is set for a dramatic increase and the EU strongly supports domestic production (for all resources). Sweden is the only country in the EU with significant uranium resources (with a value in the order of Norway's North Sea oil), placing the country in an enviable position with regard to future supply. Across the border in Finland, the world's largest nuclear reactor, and Europe's fist for 15 years is under construction at Olkiluoto 3. Sweden is well embedded in the nuclear cycle, with 50% coming from 10 nuclear power plants. All but four rivers in the country have been dammed, there isn't much in the way of sun or wind or even tidal movements, so they really have no option but to continue their investment in the nuclear industry. Sweden is a world leader in nuclear efficiency research and in disposal of nuclear waste which all occurs in-country. The closure of one nuclear reactor last year after a 1980 referendum to phase out nuclear power by 2007 (now extended to 2010!) lead to an immediate 5% increase in greenhouse gas emissions for the Country due to coal power substituted from Poland. Sweden is a signatory to the Kyoto protocol. Since then the government has committed 32 billion Kronor over the next 5 years to investment in the existing nuclear infrastructure (modernization and upgrading). The increased production capacity will exceed that of two mid-size reactors! However, you are correct that the current government in Sweden does not favour uranium mining. There is, however, an election in September 2006 and uranium policy is well and truly on the agenda. Mawson has received significant main stream Swedish media coverage over the last 4 months as a result of the current interest in energy self-sufficiency in Sweden. One of the main opposition parties (the Center Party) has expressed a positive view of about nuclear power, whilst opinion polls show 70-80% acceptance that nuclear power is the way forward. Progress is being made with changes such as the removal of the "thought ban" on nuclear research over the last 5 months after a 26 year hiatus. This debate and change has been "fuelled" by the country's poor resource security; by the gas supply (or failure to supply) issues from Russia; and by the backlash after the recent public exposure that Sweden purchases a large percentage of its uranium from Kazakhstan, where mining is less regulated. Sweden has a strong social conscience, and they do not generally shift such problems off-shore. I personally feel most encouraged by the support that Mawson has been shown by industry associations and the Swedish Mining Inspectorate who are in strong support of Mawson's uranium exploration strategy. There is little doubt that all uranium projects come with political risk - for example, Laramide Resources, with a market cap. of CDN$250 million vs. Mawson market cap CDN$30 million which operates the Westmoreland project in the state of Queensland in Australia where the local state government has made a strong stance against uranium mining. Mawson Resources is one of many companies exploring for uranium in Sweden. I direct you to the recent interest in Continental Precious Minerals (CZQ) on the Tax exchange (www.continentalprec With the significant projects Mawson hold, the NI43-101 process we are currently going through to confirm the historic data and the "winds of change" that are upon Europe in general and Sweden in particular, I believe that the Company provides a compelling energy story. The Company will continue to add value its uranium and gold portfolio and watches the global debate with interest. Mines take a lot longer time to discover, delineate, permit and open than political opinion takes to swing. Please do not hesitate to contact me again if you have any additional questions. Regards Michael Hudson President & CEO www.mawsonresources. |
Posted at 31/10/2005 18:14 by energyi NEWSMawson Resources (MAW/TSX.V $0.43) Mawson (TSXV: V.MAW) was briefly mentioned one month ago in a StockHouse editorial () but the price has drifted in this same range all month. Surprisingly, even with $470 gold and strong uranium prices, the overall mining sector has been just as lethargic. It's tough to determine what will kick start the exploration stocks again but many seem to have found a bottom and present a good risk/reward scenario heading into Q1/06. Mawson is likely waiting for news before moving forward and the recent expiration of IPO warrants (it went public in October 2004) is an important event. There were several million $0.50 warrants from the IPO that expired at the end of last week and because this was putting an artificial cap on the share price, it removes that element of risk. The company's share structure is now very clean with the initial promoters, Canaccord retail IPO crowd, and traders all out of the stock. This is a good part of the reason it has held up well in the gold correction over the last month. Also of importance is the financing they closed in September at $0.40. This paper was placed into longer term hands with investors and institutions from Europe. There is cash of over C$3 million in the treasury and a market cap of C $8million, which is modest given the success they have had in the past on the gold projects and the introduction of the new uranium projects. Soon we should see transfer of title on those uranium projects and that will open up channel sampling and drilling. This property recorded grab samples in excess of 19% U2O3, so I think we will see something good happen there. The gold projects from all reports also continue to deliver, with a drill program already under way and the first samples to be processed by the labs in November. Sweden has been off limits for uranium exploration since the 1980's but due to a big swing in public support for nuclear power (they closed a reactor and the next year experienced a 10% increase in C02 emissions - 50% of Sweden's power comes from nuclear energy), exploration is now allowed. Mawson picked up prime ground in the gold area, and has conducted two drill programs highlighting some excellent high grade systems (best result 14 metres at 20 g/t from near surface). They have been drilling out several targets in the Skellefte area which has yielded over 12 million ounces in its exploration and mining history. The uranium side came into play when they reviewed the entire Swedish geological survey uranium database and cherry picked the best properties in the country, which obviously provoked a lot of interest in the stock and explains why the funds liked it in Europe. The company is run by Mike Hudson - a geologist who has worked in Sweden for years while working for Pasminco, an Australian base metal miner. Sweden is obviously a safe country to operate in and has first class infrastructure but what most don't know is that it has a rich mining history with 15% of the world's uranium reserves and is Europe's second biggest gold province. Management own 30% and funds own another 30% and there will be 19.8 million shares outstanding on a fully diluted basis. Because of the existing institutional ownership, any solid hits on drilling should inspire funds to beef up their positions in the open market. We also understand they are considering marketing in Europe via their Frankfurt listing soon which could yield decent volume. Like any junior exploration company you follow, the risks and volatility will be high until drill results are known or speculation moves back into the sector as a whole. Disclosure: Danny Deadlock owns 10,000 shares of Mawson Resources - - PLACEMENT Vancouver, Canada Mawson Resources Limited ("Mawson") TSXv MAW. Mawson announces a nonbrokered private placement, subject to regulatory approval, of up to 3,000,000 units at a price of $0.40 per unit. Each unit will consist of one common share and one-half of one non-transferable share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share exercisable for a period of one year following the closing of the private placement at a price of $0.50 per common share. A finder's fee of 9% cash to non-registrants, and 7% cash and 6% broker warrants to registrants, will be payable from the gross proceeds of a portion of the financing. The net proceeds from the financing will be used for exploration expenses of the Company's Swedish projects and for general working capital. |
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