Uranium Hunter Corp. (URHN.OB) – Some Interesting Facts about Uranium Thursday, August 28th, 2008
Uranium Hunter Corporation is a natural resources company devoted to the exploration and development of natural resources such as uranium and gold. The company, headquartered in Toronto, Canada, was founded with the focus of developing a portfolio of mineral properties in East Africa, more specifically the Njombe and Songea Districts in the Republic of Tanzania and Uganda. The long-term goal of Uranium Hunter is to meet the 70 million pound shortage of uranium the world needs to meet the demands of nuclear power plants, which are currently only receiving 55% of their needs.
The truth is that nuclear power is the largest source of clean-air, carbon-free energy in North America today. All waste products created by nuclear facilities are controlled and properly disposed of, making them an excellent sources of power with a very cost efficient input, uranium. In the future, especially if John McCain takes office, a massive plan to increase the number of nuclear reactors in North America could go into effect, driving up the demand for uranium, which already exceeds supply.
In addition to being largely free of pollution, and completely free of carbon byproducts, nuclear power has a significantly lower fuel consumption rate compared to alternative forms of energy. A 1-million kilowatt plant running on enriched uranium only requires 30 tons to produce energy for a year. Compare that to a natural gas plant which needs over 1.1 million tons.
Currently there are only a handful of active uranium mines. The majority of the world’s production comes from Canada, followed closely by Australia. The fact is that 66% of the world’s supply of uranium is generated by just 10 mines. With very limited competition, the uranium mining industry is a solid source of revenue in the future. Companies heavily invested in uranium now will be well leveraged as the world turns away from fossil fuels and towards nuclear energy.
Uranium Hunter Corp. (URHN.OB) Announces Strong Initial Readings on First Ruhuhu Target Tuesday, August 26th, 2008
This morning, Uranium Hunter Corp. announced that it has continued to receive positive results from its ongoing advanced field program at Ruhuhu. Initial traversing has delivered very high Geiger-counter readings at ground Target 4. As high as 870 cps were recorded over a 25m interval at the northeast side of the trend anomaly.
Taking into account these encouraging results, the company intends to move forward with trenching, pitting, and systematic sampling at Target 4 while continuing with its existing field program. The company stated that it will be reporting further updates to shareholders as results become available.
Uranium Hunter also announced that it is in the process of finalizing and executing a stock option plan for its officers, directors and consultants. The details of the stock option plan are expected to be announced in the future.
Ghaith Qamheiah, President of Uranium Hunter commented, “Given the positive preliminary results of our field program, the initiation of a stock option plan for our directors, officers and consultants is a natural next step. Unquestionably, we are in the midst of very exciting times not only for company insiders but for all investors.”
Uranium Hunter Corporation (URHN.OB) has Joined the International Search for Uranium Monday, August 25th, 2008
Uranium Hunter Corporation is a natural resource company devoted to the exploration and development of deposits of uranium in East Africa. The company has acquired properties in Tanzania that further enhance their position to become an established leader within the renewable energy industry.
Around the world, nuclear energy is becoming a core issue for many countries. Currently, 30 countries representing two-thirds of the world’s population use some 442 nuclear reactors to produce 16% of global electricity. Expansion of nuclear energy is underway in some countries already; China and India have plans to quadruple their nuclear capacity by 2020.
The International Atomic Energy Agency has significantly increased its projection of world nuclear generating capacity, and now anticipates at least 60 new plants to be built in the next 15 years. East Africa and Asia are two regions that are expected to produce the greatest growth, as there are over 100 nuclear power reactors in operation, twenty under construction, and plans to build another forty in the future.
Nuclear energy possesses a unique environmental advantage over fossil fuels in that virtually all nuclear waste can be contained and managed. Nuclear power plants produce no controlled air pollutants, such as sulfur and particulates, or greenhouse gases, which ultimately means that nuclear power plants do not produce any pollution. Nuclear energy is the largest source of clean air, carbon-free energy in North America.
In order to operate a 1 million-kilowatt power plant for one year, it takes 2.2 million tons of coal, 1.4 million tons of oil, 1.1 million tons of natural gas, or only 30 tons of enriched uranium. By comparing how much fuel is required to operate a 1 million-kilowatt power plant for one year, it is no wonder why most nations around the world are looking into building and producing uranium for energy use. Production from world uranium mines now supplies only 55% of the requirements of power utilities. Canada produces the largest share of uranium from mines (28% of the world’s supply), followed by Australia (22%).
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