Message #20 From:
NewsBot Date: November 30, 2006 03:07:00 AM
URXE News OTCPicks.com Announces Initiation of Profile Coverage for UREX Energy Corporation
PROSPER, Texas--(BUSINESS WIRE)--Brian Dean, Publisher of OTCPicks.com, announced today that it has
initiated Profile Coverage of UREX Energy Corporation (OTCBB: URXE).
Urex is focused on actively exploring and developing uranium properties
in Argentina and New Mexico. Urex owns a 99.8% interest in the Rio
Chubut property comprised of 170,000 hectares of land. Urex also owns a
100% interest in the La Jara Mesa Extension uranium property consisting
of 137 unpatented mining claims in the Grants Mining District, Cibola
County, New Mexico.
Mr. Dean comments, “Market analysts forecast a
'deep supply-side shortage' of uranium, citing that new mining
production hasn’t yet come online to remedy
the deficit. In the year-ago forecast, the uranium deficit was expected
to grow to nearly 20 million pounds this year (from a surplus of 6
million pounds in 2003) and then leap to a peak deficit of more than 35
million pounds in 2006. Deficits in excess of 30 million pounds were
also anticipated for 2007 and 2008. Uranium mining companies including
UREX Energy, Cameco (NYSE: CCJ), Usec (NYSE: USU) and Strathmore
Minerals Corp. (TSX: STM) should all benefit from increasing uranium
demand and a supply shortage for the next few years.”
About OTCPicks.com
OTCPicks.com is an Internet destination for investors seeking
information on smallcap and microcap companies. The web site features
companies in Profile Campaigns, Executive Interviews and Research
Reports authored by our financial writers. We publish our Daily Market
Movers Digest Newsletter to opt-in investor members. This is also sent
out on the M2 Presswire several times daily highlighting hot OTC and
OTCBB stocks. To feature a company on OTCPicks.com, please contact our
publisher, Brian Dean at 972-546-3740, or via email at publisher@otcpicks.com.
Forward-Looking Statement: This press release includes "forward-looking
statements" within the meaning of the federal securities laws, commonly
identified by such terms as "believes," "looking ahead," "anticipates,"
"estimates" and other terms with similar meaning. Important factors that
could cause actual results to differ materially from the Company's
projections and expectations are disclosed in the Company's filings with
the Securities and Exchange Commission. Disclosure: OTCPicks.com has
been compensated up to ten thousand dollars for URXE advertising and
promotional services. OTCPicks.com is not a registered investment
advisers or broker/dealer. OTCPicks.com makes no recommendation that the
purchase of securities of companies profiled in this website is suitable
or advisable for any person or that an investment such securities will
be profitable. In general, given the nature of the companies profiled
and the lack of an active trading market their securities, investing in
such securities is highly speculative and carries a high degree of risk.
