Message #1 From:
Stock News Bot Date: July 15, 2005 05:51:03 AM
NVAS News Research Novastar Resources, Stock Trading Message Board
Novastar Resources In Negotiations to Acquire Interest in Second Australian Thorium Property
Novastar Resources Ltd. (OTCBB: NVAS) has announced that it is in negotiations to acquire an interest in a second Thorium property in Australia. In April of this year, Novastar Resources acquired its first Thorium property in Queensland, Australia.
Negotiations for the second property commenced two weeks ago as Novastar is committed to pursuing the acquisition of both domestic and international Thorium stockpiles and in-ground reserves. Consummation of any final agreement is subject to positive feasibility and drilling reports. The Company has also noticed a significant increase in Thorium mining activity within Australia.
As part of Novastar's overall business strategy, the Company has prioritized the positioning of itself as a major global supplier of Thorium compounds. The company anticipates a surge in international demand, for Thorium, as world governments learn about the economic, environmental and social benefits of Thorium utilization. In addition Novastar Resources is focusing on strategic partnerships with United States based companies, as a means of generating national interest in Thorium based solutions.
Paul Carter, President of Novastar Resources, stated "Novastar is actively seeking to secure interests in as many econimically feasible Thorium properties as possible. Novastar will continue to invest in the future of alternative energy, through future acquisitions in the space"
There is increasing interest in utilizing Thorium as a nuclear fuel because Thorium is a more efficient nuclear fuel and far less radioactive than Uranium. Also, all of the mined thorium is potentially useable in a reactor, compared with the 0.7% of natural uranium, so some 40 times the amount of energy per unit mass might be available. Therefore, the thorium fuel cycle, with its potential for breeding fuel without the need for fast-neutron reactors, holds considerable potential long-term. It is a key factor in the sustainability of nuclear energy.
Novastar Resources In Negotiations to Acquire Interest in Second Australian Thorium Property
Novastar Resources Ltd. (OTCBB: NVAS) has announced that it is in negotiations to acquire an interest in a second Thorium property in Australia. In April of this year, Novastar Resources acquired its first Thorium property in Queensland, Australia.
Negotiations for the second property commenced two weeks ago as Novastar is committed to pursuing the acquisition of both domestic and international Thorium stockpiles and in-ground reserves. Consummation of any final agreement is subject to positive feasibility and drilling reports. The Company has also noticed a significant increase in Thorium mining activity within Australia.
As part of Novastar's overall business strategy, the Company has prioritized the positioning of itself as a major global supplier of Thorium compounds. The company anticipates a surge in international demand, for Thorium, as world governments learn about the economic, environmental and social benefits of Thorium utilization. In addition Novastar Resources is focusing on strategic partnerships with United States based companies, as a means of generating national interest in Thorium based solutions.
Paul Carter, President of Novastar Resources, stated "Novastar is actively seeking to secure interests in as many econimically feasible Thorium properties as possible. Novastar will continue to invest in the future of alternative energy, through future acquisitions in the space"
There is increasing interest in utilizing Thorium as a nuclear fuel because Thorium is a more efficient nuclear fuel and far less radioactive than Uranium. Also, all of the mined thorium is potentially useable in a reactor, compared with the 0.7% of natural uranium, so some 40 times the amount of energy per unit mass might be available. Therefore, the thorium fuel cycle, with its potential for breeding fuel without the need for fast-neutron reactors, holds considerable potential long-term. It is a key factor in the sustainability of nuclear energy.
Statement of Paul Carter, CEO, Novastar Resources in Response to International Atomic Energy Agency (IAEA) Recommendation on the Exploration and Prospecting of Thorium Minerals
The following is a statement from Paul Carter, CEO, Novastar Resources, Ltd. (OTCBB: NVAS) regarding the May 2005 IAEA report "Thorium fuel cycle - Potential benefits and challenges," which recommends both the exploration and prospecting of Thorium Minerals to enhance global supplies:
"We are very pleased and encouraged to learn that such an honorable and well respected organization as the IAEA has found the benefits of Thorium as a safe nuclear fuel great enough to warrant a recommendation for the acquisition of Thorium mineral properties around the world. We have known of these benefits for some time now and they are the driving force behind Novastar's business model. As a result of the IAEA's recommendations and support, Novastar will continue to aggressively pursue economically viable Thorium properties and stockpiles. The company has established a corporate goal to position itself as a significant global supplier of Thorium compounds in anticipation of increased global demand, as governments around the world consider the incalculable environmental and economic benefits of Thorium utilization."
The report cites the numerous environmental and social benefits derived from using the Thorium fuel cycle to generate nuclear power. The IAEA noted that despite the fact that Thorium is more abundant in nature, global stockpiled Uranium reserves are three times greater than Thorium reserves. As a result, the International Atomic Energy Agency officially recommended that activities on exploration and prospecting of thorium minerals need to be augmented all over the world (p. 90, (i) Recommendations).
The full IAEA report, can be accessed via the web at:
http://www-pub.iaea.org/MTCD/publications/PDF/TE_1450_web.pdf
Novastar Resources Initiates Government Lobbying Effort
NEW YORK
Rubenstein Public Relations
Harrison Wise, 212-843-8001
hwise@rubensteinpr.com
or
Rubenstein Investor Relations
Tim Clemensen, 212-843-9337
tclemensen@rubensteinpr.com
Novastar Resources Ltd. (OTCBB: NVAS), a significant global supplier of Thorium and related rare earth compounds, has announced plans to initiate a strategic lobbying campaign to educate United States government officials about the significant social, environmental and energy benefits of Thorium utilization. In recent weeks, Novastar executives have presented to several Congressman in Washington, DC. Additional meetings with key U.S. Representatives have been scheduled.
Lobbying efforts are essential to successfully positioning Novastar Resources, because raising public awareness is crucial in realizing the environmental and social benefits of Thorium compounds in the United States. The Company's strategy to position itself as a major global supplier of Thorium compounds will come as a result of the awareness of Thorium's numerous advantages. Additionally, Novastar Resources is actively seeking alliances with leading government relations firms in an effort to more effectively lobby to the United States Congress and other government officials.
"The benefits of Thorium use, as an alternative energy, are obvious, although the United States public remains largely unaware of Thorium as a potential alternative to Uranium based fuels," said Paul Carter, CEO, Novastar Resources. "Our company believes that successfully lobbying the United States government can facilitate U.S. awareness, support and ultimately, demand for Thorium, as we continue to both develop the Australian property and consider new acquisitions."
The Thorium-Cycle can effectively and efficiently power electricity generating nuclear reactors, while greatly limiting the production of weapons grade Plutonium (Pu 239) along with other toxic transuranic waste bi-products. Also, all of the mined thorium is potentially useable in a reactor, compared with the 0.7% of natural uranium, so some 40 times the amount of energy per unit mass might be available. Therefore, the thorium fuel cycle, with its potential for breeding fuel without the need for fast-neutron reactors, holds considerable potential long-term. It is a key factor in the sustainability of nuclear energy.
Novastar Resources Enters Into Discussions with The United States Geological Survey - 'USGS' -
NEW YORK
Rubenstein Public Relations
Harrison Wise, 212-843-8001
E-mail: hwise@rubensteinpr.com
or
Rubenstein Investor Relations
Tim Clemensen, 212-843-9337
E-mail: tclemensen@rubensteinpr.com
Novastar Resources Ltd. (OTCBB: NVAS), a significant commercial mining source of Thorium, a naturally occurring nuclear energy more efficient and far less radioactive than Uranium, has announced that the company has entered into discussions with the United States Geological Survey ("USGS"), a division of the Department of the Interior in Washington DC. The purpose of these discussions focuses on Novastar potentially acquiring an option on U.S. government stockpiles of Thorium Nitrate. The United States government currently stockpiles nearly 7,000,000 pounds (3,500 tonnes) of Thorium Nitrate, stored in several locations nationwide. A simple process exists to convert Thorium Nitrate into Thorium Oxide (ThO2), which can be used to power Thorium-Cycle nuclear reactors.
Novastar Resources believes that a vast market utilizing Thorium-based nuclear fuels is rapidly developing around the world. The social, economic, and environmental benefits of Thorium-based nuclear fuels are incalculable. The Thorium-Cycle effectively addresses both waste disposal and nuclear proliferation issues. The company is actively taking steps to position itself as a major global supplier of Thorium compounds.
"Successfully positioning Novastar Resources is our first priority at this point, as we are investing in the future global adoption of Thorium-based nuclear fuels," said Paul Carter, President of Novastar Resources. "Our Australian Thorium property provides an excellent foundation for the Company, however additional acquisitions will further strengthen our position."
Over the last 30 years there has been increasing interest in utilizing Thorium as a nuclear fuel because Thorium is a more efficient nuclear fuel and far less radioactive than Uranium. Also, all of the mined thorium is potentially useable in a reactor, compared with the 0.7% of natural uranium, so some 40 times the amount of energy per unit mass might be available. Therefore, the thorium fuel cycle, with its potential for breeding fuel without the need for fast-neutron reactors, holds considerable potential long-term. It is a key factor in the sustainability of nuclear energy.
About Novastar Resources
Novastar Resources, Ltd. is a publicly traded company within the commercial mining sector and is a significant commercial mining source of Thorium, a naturally occurring nuclear energy more efficient and far less radioactive than Uranium. The company's stock is traded and quoted on the OTC Bulletin Board under the symbol NVAS. Further information is available on the company's website at www.novastarresources.com
Safe Harbor Statement This press release may include certain statements that are not descriptions of historical facts, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. These forward looking statements may include the description of our plans and objectives for future operations, assumptions underlying such plans and objectives and other forward looking terminology such as "may," "expects," "believes," "anticipates," "intends," "expects," "projects," or similar terms, variations of such terms or the negative of such terms. Such information is based upon various assumptions made by, and expectations of, our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to significant economic and competitive uncertainties and contingencies beyond our control and upon assumptions with respect to the future business decisions which are subject to change. Accordingly, there can be no assurance that actual results will meet expectations and actual results may vary (perhaps materially) from certain of the results anticipated herein.
